FINAL ACCOUNTS

Statement of Comprehensive Income Statement of changes in

Equity ( socle )

: tH÷f÷
-

' t : L
year Ended ( Soc't )

:÷ ÷ ÷ ÷ :÷: f¥÷ fl÷ :L

for

: ÷ : ÷ ÷ ÷ f
the
oghinaarysphramreiumkekdegativensksfee.IE:¥ement Retaining Total
-
÷
Opening Balance XXX XXX 10,000 O 20,000 30,000
Sales xxx
O O O
less : cost of Sales ( xxx, Right Issue xxx xxx xxx

:
"

i
( XXX) Transfer O O O 500 -500 O
less Interest
:
expf finance cost
Profit before Tax
fclosingBalo.nu/xxx/xxx/l3000/500/225o0/X#
t

xxxx

tax expenses (xxx )

Profit After Tax ( PAT) -5000 * In OCI we Report Equity changes in which

ADD:OTHERComPREHEEINcomE Shareholders are not involved .

( 0¥
Add Revaluation
: Gain 3000
Things to be Reported in SOCIE
less :
Revaluation Loss (xxx)
-
i .

Right Issue

comprehensive
-

total

÷.FI?gaie:adgkern.edeenndsisvepaindome
income

5-
Transfer
 Statement of financial Position

÷ i÷ ÷ ÷f¥
Asset
Noncurrent asset
+

Property ,
Plant and Equipment xxx

Intangible Assets xxx

Total NCA xxx

Capital Reserves
yshareCapital xxx

share Premium xxx

Revaluation Reserve 13,500

Noncurrent asset Replacement Reserve 500
Retained Earning 22500
xxx
Noncurrentiabiity
XXX
Longterm loans
Deff Tax Liability XXI XXX

currentliability

±
Trade Payable xxx
Accrued XXX
Bank 0/D/CurrentTax Payable xxx XXX
⑧

Int Exp 50 - -

Int Exp 25 Int Exp 25

Cash 25 25 25
Cash Accrued Int
Accrued Tut 25 -
-

⑧
 Adj #I
I
-

Bank 300
-

Aprt4 31 Marx 5
-

I
Sales 300 Cost 900
Acc dep ( 630 )
-

piau.fi:0/::d:# soap NBV 770

Cash proceed 300

)
-

ftp.utdep
disposals 1900) ( 630 )
4300
- -
-

Remaining Plant 4300 2500

odaindisufosal
- -

c
;¥ -
12950)
-
I
Remaining dep =
(4300-2500)×251 .
= 450 1350
of Plant #

1000 NBV 950 Warehouse

Adj#Z deep 50
-
- -
-

cost of sales 1000

-

#
31 Decent JFM 31 Marx 5
1 Apr x4 -

cost of sales 50

1035 deep warehouse =

1001 =
5O/annum warehouse 50
Asset - ( cos 20
yrs
-

1000 35
Adj#3 → Cio 's SOLIE

f
,
deep 240
-

- -
-

-
Revaluation Reserve 80
1 Apr X4 31 Marts
Building NBV 4560 Retained Earning 80
deep Building =
48002 Land 12002
-

Building cost 4000 20

yrs 576-0 > SOEP
-

18001 16002=801
Reyzetesgemveed
-

Acc deep =
2401 annum = annum

NBV 3200 20 yrs

-

MV 4800 -

Land 200
Building
-

Revalued 1600
By 160€ → Oct
Rev Res 200
Rev Res 1600
-

Adj#4 -

FV Investment 120
-

- -
- 1200 fu .=132O
I t PGL 120
Marx 4 31 Marx 5
31
-

I
Adj # 5
#
I Aprx4 31 Marx 5
Issue Price = 0.6

face value (O -
25 )
premium 40
premium 600
-
-

Premium 0.35
$

140012¥
it -

- Bank 960
1600

'µg#ftp.suepEmium4882
opening 0.5 C
-
1001 .

Right issue

shares

closing O.sc 2000 1251 .

514002=1600
O 25
- Shares
-11€
 -
Adjttb Dr
Tax
Cr
-

TotalTaxExp#¥
!
Hd 280

:/
""

¥7:?:÷÷÷÷: :÷ 7
class

( Tax↳
charge
- Non current limb

Taxe×p←3# TD = 1400×251 .

Wlcostofsales Harrington3S0UfortheYtE3lMa#
As per Question 9200 Sales Revenue ( 13700 -
300 ) 13,400
Cost of sales
Dep .

Remaining Plant 450 18910L

Gain on disposals ( 30) Gross Profit 4490
warehouse error (1000 ) Operating Exp ( 2240 )
dep of warehouse 50
Gain Investments 120
Dep .

Building 240 on

-8*910
-
Finance cost ( 25+25)
-
( 50 )
PBT 2160
Tax Exp 1385L
PAT 1775
=

Add OCI
:

R¥on Gain 1800

Total comprehensive Income -3575

=
 - Harrington 's SOCIE for theYIE 31 Marx 5 Harrington 's SOFP As at 31 Mar x5

:/ .no/5w/.soo/ms-/sEis/Rw:: : i : :e:i oo.. . o

I
O.sc/PremiumlRev.ReservelR.E I Total
-

÷ ÷ :÷
- Non current Asset
-

Barat lAprx4 1600 40 -

2990 4630 Laidig 5760

÷÷÷
'

÷¥÷÷ ,

Less orddiv
: (500 ) ( 500) currentassets
Transfer (80 Inventory 1750
Receivable 2450
closing Bae 8665
12000/600 µ
# µ 4345¥
1720
Bank
-
350 4550

Equities
=

qliab
+

. ÷:÷÷
Noacurrentliab

lot .
loan notes 500
Tax 350
Deff .

current liab
4130
-

Trade Payable
current tax 260
Accrued Int 25
73,930
I
 P.v
-

Bank 30.000 -

www.soso#/Y.: : : st:; oolxns--*

Loan 28476
'
Irl 2400×0.91 =

Equity 1524
2400×0.83
-
Yr 2 ⇐

Bank 30,000

Equity 1524 Initial ( 30,000)

-

Equity Option 152T

I

loan : 28476 Loan : 28924

-
31 Marx I -

I Apr XO -

Int Exp 2400

Int Exp 2848 Cash 2400
Cash 2400
448
Tuten
Loan
-

Loan 448
-

7
 Adj#2 -

→ C O S- -
Landt Building 15000
50,000 deep 2500
#
Rev Res 104 15000

31 Mar Xl
Apr
t

I XO
3750
47500 Rev Reserve
dep Building Building NBV :

Building cost 50,000

=
50,000 Land 30,000 D. TL 3750
-
-

Acc dep ( 10,000) 77,500

-

20
yrs
NBV ÷ =
25001 annum ↳ SOFP
M V -
50,000
Revalued By
-

Adj#3 Tax
Dr Deffered or
-

Total Tax
-

lmaoo
c. L

T bld 2600

÷:÷:÷÷÷:÷:p
:oo
's
'
Rev Res 3750

6750
Tax ←
19000 Cfd ↳
Exp
-

-
← NCL
Tax T D= 27000×251
- .

O 5=2000 units
-

-
( Jan x8 Dec X8

D. S 2000 units
Add : Purchases 10,000
less : Sales
1600036000
closing stock =
 Cost -_ 36000
#
$ Os xxx

c) ) cool
31 Mar Xl 4 Apr X1 y .

Purchases xxx
S 7800 130
Stock at 4 April 36000 less :c S
-

(x

¥÷÷÷ x t
'

E: IIE:S;'m . "
oooo cos .

P
=

30
-

Inventory 3300

C.o.S3300.se/ier- Customer

→ factor .

#
loanfromfactor8
Bank 8700

Admin Exp 1300

RecieuabUl0
Receivable 10,000
Admin Exp 1300

Loanfromfactov8#
Admin Exp 600
600
Receivable
⑧
 59000 517500
Adj
loan
I
-
-

#
= -
I 0CtX5 30549×6
It
E/R= 5.5% Cash 1000

Loanl
Int Exp 1000

Cash 1000
It's
Loanl

Adj#
-

10500
15000

~
#
/ Oct x5 -
30590×6 30590×7 L.A S
-

Int Exp 1500 #

Depth .

-
Accruedl5o0/"Yo"%
t

0.4
7-0000

4 yrs
cash5

=
L O
-

5000
5000

↳ c. o S-
ftp.ntws/Fcqcinoby::.:q-
IOCTXG

-
6000 1500 4500
f
↳ current
10500
↳ norment

Lease Rental -_ 6200

l l SOFP

Ri
'

50¥: o :Ease
 Dep .
other Planta Equipment (181000-85000)×1251 .
= 12000 → C -
O -
S

→
SOFP

cost 181000
Acc dep ( 97000 )
NBV -84000
=

Adj## depaooo → CO S
-

-
loctxs 30 Sep XG
Leasehold 20,000
cost 225,000 Dep Exp Cost 225000
Acc dep ( 36000) 225,000 Acc dep ( 45000)
Rev Res ) OCI 20,000
25 years NBV 180,000
Rev Res / OCI
4000=9000
D.TL 4000
M V -

200,000 → Soft

Revalued By 20,000
#

Adj
=
# 4

-otalTax#€ or Deff -
Tax Cr
current tax 38000
prov . . .

b/d 12000 Tax TD = 74000×201 .

PGL 1200 = 14800

Under lover -

Rev Res 4000

less :
defferedtax (1200)
yd 14800
->¥xF
credits

36,800 ,
N.CL
Adj # 5
Dr suspense Acc
cr R E
-

30,000
Cash 30,000
OSC 50,000 bld 48000

premium 28,000 Suspense AIC 30000

RE 30,000

78000 78000 Cash 30000

RE 30000
# of shares issued Issued OSC
Suspense All SOCIE
=

30000 →
Face Value
= $150,0002 = 750,000 shares
$0 -
2

Bank 80000
Div per share
OSC 50000
= 51 of $0.8 =
0.04/5 hare
Premium 30000
Total Ordinary # of shares issued XDPS
div =
-

750000×40-04
-_ 30,000 =
Share Premium 2000
Shares
Bank 2000

Bank 78000

Right Issue =

750,000×43=250,000
shares
OSC
Premium
50000
28000

Bank 78000
Issue Price 032
Suspense 78000
face value (0-2)
Suspense 78000

premium 0.12 Osc 50000

→ SOCIE
Premium 28000
 WI
Finance cost
As Per Trial Balance 118000

:/
Dep Roll 5000

see:*:*: na:::
144,000
E:÷:*; :÷
4250
#

Tadeon SOCI for the Year Ended 30 Sept +6

"

Taeyeon 's Socle for the YIE 30thSepX6

Sales Revenue 277,800

:# 0/24 .no/s.sofi: o
OSC Premium Rev reserve RE Total
C. O 'S 1144,0002
Gross Profit
133,800 Balance atloctxs 150000 - -
18600 168600

÷÷÷÷÷÷÷÷¥
'

i÷÷÷÷:
" "
::
"

::::÷
""

:
PAT 53,550 Ord dividend ( 30000) ( 30000)
Add :
OCI Balance at
30M sepxb
200,000 28000 16000 42150 286,150
Revaluation Gain 16000

Total Comp Income

.

69,550
 Adj # I
2000
2000 2000

l l l

l Oct 3054709 Sep 10 Sep 011

1%01%0
r
,%%ue sales:g÷÷" woot:c.ii%o
"

10000
goods
l l
6000
Service
g. :
40

Adj #2

loan 18440 loan 18915

i
)
10h07 loctxs
vgy .
30 Septal

Tnt Exp 1475

Cash 1000
Loan 475

Int Exp 1000

Cash 1000

Int Exp 475

Loan 475
I
Adj # 3 FV 26500
-
- Fv -

. 29000 Inv Prop 2500

-1 1 PGL 2500

Total Tax Deff Tax

Adj
-

# 4
pc.ie -

Tax TD
Est current tax 16200 bld 5400
13000×301
.

= .

Add under prov 2100

PGL 1500 = 3900
less deff Tax credit
: ( 1500) (D. TL)
Tax Hd 3900
16800
Exp
x
N c. L
-

Adj # 5 Bcuoijeding soooo

1 I
deep
IOCTIOOO lOCtX8
1,100 3OSepx9
-
-

Acc deep = sooo

peryrdep .
8000 C O s
- -

Building NBV = 41000

8yTs Land =
13000
=
10001 annum 54,000 → SOFP

Dep Plant = (42200-19700)×401 = 9000 → C -

O -
S

SOFP

Cost 42200
Accdep (28700)

NBV 13500
Adj # 6 NBV 12500
Amort -
- 1500 15000 Amott = 2500 =

10h08 LAP ! 09
3osepx9
Cost 30000
Cost 30000 ( 10500) New Amor't
=
Ace Amore
( 9000 )
Acc Amort 50001annum 642=2500
NBV 19500
= 15000 =
x

RA 15000 3 yrs
Impairment 4500
Amor't brand =3 oooo
-

R A
15000=30001 loyrs
-

-_

4,2=1500
annum x

FV -
CTS V. I. U
15000 12000
Costas

:/
As per TB 246800
Dep Building 1000

¥÷÷:: i:*
265,300
 Sandown 's Income Statement
For the YIE 30 Sep x9

Sales Revenue (380000-4000) 376000

less cost of Sales
: ( 265300)
Gross Profit 110,700

Operating Exp ( 55900 )

Investment Income (1300+2500) 3800

Finance cost ( 1475 )
PBT 57,125
Tax Exp ( 16800)
PAT 40,325
Adj # I
10AM 30590×8
deep -
-
2500

47500
Remaining life 20
yrs NBV
leasehold 50000 MV 43000 → SOFP
dep =

Revalued By -4500
4500=25001 4500
Rev Res
20
yrs OCI )
annum Leasehold

C. O S
-
2500

Leasehold 2500
 i÷÷
Adj #2 "

B%¥oo
Remaining Plant 68600 20,600

deep Remaining Plant -_

(68600-20600)×201 .

= 9600 → C O
- -
S

/
cost 8000

Acc dep (4000)

cannrivroceeds 42%8
loss on disposals 1500

SOFP

l¥÷ :÷:t .
Adj#3 IAS 38

J F M A MJJ AS
=
N D
.

I OCTXT
30 Sept

Research
800×3=2400 800×6
1400 ↳ pql =
4800
↳ Pgl ↳ Asset

SOFP PI

)
capital devcostasatlstoctx 20000 Research 1400
Acc .

Amortization asatlstoctx -1 ( 6000)

Dev cost 2400
Amortization Exp for the 'll 'E30SepX8
(20000×201) ( 4000)

capitalised .eu .co.to

;t%¥¥ , " soo 8o
Capitalized Dev Costas
.
at
14800
30 Septs
 Adj # 4

Admin Exp 400 Provisions 400 Admin Exp 100

Provision 400 Admin Exp 400 Provisions 100 → legal

cost

Adj # 5
loan 20000 20400

I I
30 Sep X8
10C't XT l Apr x8

Int Exp 1200

Int Exp =

20000×121×4,2=1200 800
Cash
Loan 400
Int Paid -
-
20000×81×61,2=800
Int Exp 800
Cash 800

Int Exp 400

Loan 400

Adj # 6

Total Tax Exp >

C- L Deff Tax
y
5800
Estimated Current Faa 11400 bid

underlover -
PGL 200

Add 200 6000

:
Deff Tax Exp →
Tax Exp yd
11600 I
N C L
- -
Wl Cost of Sales WZ Finance Cost

As Per T B -

204000 Tnt on Redeemable 1200

Dep leasehold 2500 Pref shares
Dep Remaining Plant 9600
Loss on disposals 1500 Interest on Bank 200
Research 7800
development
Borrowing
t cost

225,400 1400

landed SOCI for the Year Ended 30M Sept 8

Sales Revenue ( 300000 -
2500) 297500
Cost of Sales ( 225.400)
Gross Profit 72,100
Admin Exp ( 21,900)
Distribution Exp ( 14,500)
PBIT 35.700
Finance cost ( 1400)
PBT 34,300
Tax Exp ( 11,600 )
PAT 22,700

Add : OCI
less : Revaluation Loss ( 4500 )
18200
 (andel 's SOCIE for the Candel 's SOFP As AT 3OthSepX8
YIE 30M Sep X8 ASSETS

.io#of::::::f::::::fi:i::::::::.ia:s::oBalat-
Non current assets

÷÷÷:÷÷÷f÷fi
Revaluation R E Total
O.sc
.

Reserve 43000
Leasehold Property
'
Remaining Plant 38400
'

30%42×8 50,000 5500 41200 qfyoo Inventory

20000

Receivables 43100 63100

159300
EQUITIES & LIABILITIES
capital & Reserves
D. S C - 50000
Revaluation Reserve 5500
Retained 41200 96700
Earning
Noncurrentliabihty
81 redeemable
-

pref -
shares 20400

Deff Tax liab -

6000 26400

Current liability
Trade Payable ( 23800 - 400-1100) 23500
Current tax Payable 11400
Bank Cold) 1300 36200
159300