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Samplar Company Statement of Financial Position December 31, 2016 Assets Liabilities and Equity
Samplar Company Statement of Financial Position December 31, 2016 Assets Liabilities and Equity
Samplar Company Statement of Financial Position December 31, 2016 Assets Liabilities and Equity
Equity:
Share capital, P100 par 5,000,000
Reserves 3,000,000
Retained earnings 3,650,000
Total equity 11,650,000
Note 3- Inventories
Land 1,500,000
Building 4,500,000
Machinery and equipment 1,000,000
Furniture and fixtures 300,000
Patterns, molds, dies, and tools, net 100,000
Total 7,400,000
Accumulated depreciation:
Building 1,900,000
Machinery and equipment 350,000
Furniture and fixtures 150,000
Patent 500,000
Trademark 1,500,000
Total intangible assets 2,000,000
SAMPLAR COMPANY
Statement of Financial Position
December 31, 2016
ASSETS
Note
Current assets:
Cash and cash equivalents (1) 500,000
Financial assets at fair value 200,000
Trade and other receivables (2) 700,000
Inventories (3) 900,000
Prepaid expenses (4) 50,000
Total current assets 2,350,000
Noncurrent assets:
Property, plant and equipment (5) 5,000,000
Investment in associate, at equity 1,000,000
Long-term investment (6) 5,100,000
Intangible assets (7) 2,000,000
Other noncurrent assets (8) 100,000
Total noncurrent assets 13,200,000
Total assets 15,550,000
Shareholders' equity
Conrado T. Valix
Jose F. Peralta