The basis structures of the Financial statements

XXX TRADERS
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR

R R
Revenue XXX
Cost of sales (XXX)
Gross profit XXX
Other income XXX
Rental Income XXX
Interest Income XXX
Commission income XXX
Profit on sale of Non-current assets XXX
XXX
Distribution, administration and other expenses (XXX)
Wages and salaries XXX
Insurance XXX
Traffic fines XXX
Rental expenses XXX
Depreciation XXX
Repairs and maintenance XXX
Water and electricity XXX
Telephone expenses XXX
Salaries XXX
Advertising XXX
Stationery XXX
Packing material XXX
Loss on sale of Non-current assets XXX
Finance Cost (XXX)
Interest on long term loan XXX
Interest on mortgage XXX
Interest on bank overdraft XXX
Profit for the year XXX
Other comprehensive income for the year -
Total comprehensive income for the year XXX
STATEMENT OF FINANCIAL

R R

ASSETS

Non-current assets XXX

Property, plant and equipment XXX

Fixed deposit XXX

Current assets XXX

Inventory XXX
Trade and other receivables XXX
Callable fixed deposit XXX
Prepayments XXX
Cash and cash equivalents XXX
Vat receivable XXX

TOTAL ASSETS XXX

EQUITY AND LIABILITIES

Equity XXX
Capital XXX

Non-current liabilities XXX

Long-term borrowings XXX

Current liabilities XXX

Trade and other payables XXX
Income received in advance XXX
Short term borrowings XXX
Current portion of long-term borrowings XXX
Bank overdraft XXX
Vat payables XXX

TOTAL EQUITY AND LIABILITIES XXX

Property, plant and equipment,

XXX TRADERS

Capital
R
beginning of the financial year) XXX
Capital contribution during the year XXX
Total comprehensive income for the year XXX
Drawings (XXX)

XXX