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Charlie's Toys and Equipment Limited For the Year End 31 March, 2017 May 14, 2018 May 14, 2018

   

Added on  2021-05-30

18 Pages4255 Words131 Views
FINANCIAL STATEMENTSCHARLIE’S TOYS ANDEQUIPMENT LIMITEDFOR THE YEAR ENDED31 MARCH, 2017

ContentsStatement of Profit or Loss and Other Comprehensive Income..................................................................2Statement of Changes in Equity..................................................................................................................3Statement of Financial Position...................................................................................................................4Statement of Cash Flow...............................................................................................................................6Notes to the Financial Statements..............................................................................................................71.1 Corporate Information......................................................................................................................71.2 Compliance Statement......................................................................................................................71.3 Summary of Significant Accounting Policies......................................................................................71.4 Correction of an error........................................................................................................................8Other financial Notes...............................................................................................................................9Ratio Calculation:.......................................................................................................................................13Ratio Analysis:...........................................................................................................................................13Current Ratio.........................................................................................................................................13Debt to Equity Ratio..............................................................................................................................14Times Interest earned............................................................................................................................14Average Receivable collection period....................................................................................................14Return on equity ratio...........................................................................................................................15Price earnings ratio................................................................................................................................15Dividend Yield on ordinary shares.........................................................................................................15References:................................................................................................................................................16

Charlie’s Toys and Equipment Limited Statement of Profit or Loss and Other Comprehensive Income For the year ended on 31 March, 2017ParticularsNote 2017 ($) Continuing operationsSales1,876,000Less: Cost of sales2.1828,500Gross Profit1,047,500Other operating income2.2134,000Depreciation and amortization expenses116,400Employee benefit expenses100,000Selling & Distribution expenses250,000Administration expenses268,000Other operating expenses2.3123,250Operating Profit323,850Finance costs2.446,200Profit before tax from continuing operations277,650Income tax expense77,742Profit for the year from continuing operations199,908Discontinued operations

Loss after tax for the year from discontinued operations30,000Profit for the year169,908Other comprehensive incomeOther comprehensive income not to be reclassified to profit or loss in subsequent periods:Gain on revaluation of property, plant and equipment100,000Total other comprehensive income100,000Total comprehensive income for the year, net of tax269,908

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