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(Doc) ANALYSIS OF FINANCIAL STATEMENTS

   

Added on  2021-04-16

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Running head: ANNUAL REPORT HEALTHY CHOICES LTDAnnual Report Healthy Choices LtdName of the Student:Name of the university:Authors Note:
(Doc) ANALYSIS OF FINANCIAL STATEMENTS_1
ANNUAL REPORT HEALTHY CHOICES LTD1Table of ContentsStatement Profit or Loss and Other Comprehensive Income.....................................................2Statement of Changes in Equity.................................................................................................2Statement of Financial Position.................................................................................................3Notes to the Financial Statement................................................................................................4Note 1: Reporting Entity........................................................................................................4Note 2: Significant Accounting Policies................................................................................4Note 3: New Standards and Interpretation Issued and not yet effective................................9Note 4: Operating Expenses...................................................................................................9Note 5: Income Taxes..........................................................................................................10Note 6: Share Capital...........................................................................................................10Note 7: Dividend..................................................................................................................11Note 8: Accounts Receivable...............................................................................................11Note 9: Inventory.................................................................................................................11Note 10: property plant and equipment................................................................................12Note 11: Investment.............................................................................................................14Note 12: Intangible Assets...................................................................................................14Note 12: Goodwill................................................................................................................15Note 14: Bank Overdraft......................................................................................................15Note 15: Borrowings............................................................................................................15Note 16: Salaries of Senior Executives................................................................................15Note 17: Information not reflected in financial statement...................................................16
(Doc) ANALYSIS OF FINANCIAL STATEMENTS_2
ANNUAL REPORT HEALTHY CHOICES LTD2Statement Profit or Loss and Other Comprehensive IncomeStatement Profit or Loss and Other Comprehensive IncomeFor the Year Ended 31 January 2018ParticularsNotes20182017($) ('000)($) ('000)Operating revenue (Sales)4126837575Operating Expenses43740033720Operating profit Before Tax38683855Investment Income (Dividend Received)275250Commission and royalty Received680750Upward Revaluation of Investment1170Profit Before Tax48934855Income Tax Expenses512801330Profit After Tax for the Year36133525Other Comprehensive IncomeTotal Comprehensive Income For the year36133525Statement of Changes in EquityStatement of Change in EquityFor the Year Ended 31 January 2018ParticularsNotesShare CapitalRetained EarningAsset RevaluationreserveTotal Equity($) ('000)($) ('000)($) ('000)($)('000)Balance at 1 February 2016100752720850136450Issue of shares6815815Dividend paid7-1000-1000Under valuation of Inventory-150-150Current Year profit35253525Upward Adjustment110Adjustment982Balance at 31 January 2017108905355168217927
(Doc) ANALYSIS OF FINANCIAL STATEMENTS_3
ANNUAL REPORT HEALTHY CHOICES LTD3Balance at 1 February 201710890538585017125Current Year profit36133613Dividend paid7-1325-1325Revaluation of land and Building670670revaluation of Equipment-56-56Adjustment-1644Balance as at 31 January 2018108907673-18020027Statement of Financial PositionStatement of Financial PositionFor the Year Ended 31 January 2018EquityNotes20182017($) ('000)($) ('000)Share Capital61089010890Retained earning76735355Revaluation Reserve-1801682Total equity1838317927Current AssetsAccounts receivable838603540Inventory963106170Total Current Assets101709710Non-current assetsProperty Plant and Equipment10950210307Investments1114201350Intangible Assets1224922230Goodwill13470410Total non-current assets1388414297Total Assets2405424007Current liabilitiesAccounts payable17102150
(Doc) ANALYSIS OF FINANCIAL STATEMENTS_4

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