Annual Report: Statement of Profit and Loss, Financial Position, Changes in Equity, Notes, Directors and Auditors Report

Annual Report
Assignment
Table of Contents
QUESTIONS...................................................................................................................................3

1. Statement of profit or loss and other comprehensive income:...........................................3
2. Statement of financial position:..........................................................................................4
3. Statement of changes in equity...........................................................................................5
4.Notes to the financial statements:........................................................................................6
5.Directors declaration...........................................................................................................7
6. Annual directors report.......................................................................................................7
7. Annual auditors report........................................................................................................8
REFERENCES..............................................................................................................................10
QUESTIONS
1. Statement of profit or loss and other comprehensive income:
Statement of profit and loss
Particulars $ '000
Income
Sale Revenue 82,631
Service revenue 32,305

Other income 484
Total revenue 1,15,420
Capital income: Gain on sale of land 6,298
Total income 1,21,718
Expenses
Cost of Goods Sold 53,210
General operating costs 11,611
Salaries and wages 21,524
Insurance expenses 490
Advertising and marketing expenses 2,460
Retirement gift for employee 0.82
Expense for annual leave 1,698
Finance costs 361
Annual leave expenses 1,698
Warranty expenses 1,789
Provision for doubtful expenses 980
Audit and consultancy fees 950
Depreciation and amortisation 5,708
Extraordinary expense:
Survey expenses 420
Extensive training 225
App Development Expenses 250
Other Expenses 5043.18
1,08,418
Capital expenses :Loss on sale of Shop Fittings 166