Bestfriend Co

Statement of Profit or Loss and Other Comprehensive Income

For the Year Ended Dec 31 20x1

Notes
Sales 22800000.00
Cost of sales -9780000.00
Gross profit 13020000.00
Distribution cost -1470000.00
Administrative expense -6400000.00
Loss on reclassification of financial asset -200000.00
Gain on impairment recovery 720000.00
Interest expense -560000.00
Bad debt expense -50000.00
Profitbefore tax 5060000.00
Income tax expense -1548000.00
Profit for the year 3512000.00
Other Comprehensive Income
Items that will not be reclassified subsequently to profit or loss
Revaluation increase 130000.00

Other Comprehensive Income for the Year 130000.00

TOTAL COMPREHENSIVE INCOME FOR THE YEA 3642000.00
Note
Beg. Inventory 1700000.00
Purchases 5600000.00
Purchases returns -500000.00
Freight in 400000.00
Total 7200000.00
End, Inventory -1200000.00
Cost of Sales 6000000.00

Note
Sales personnel 670000.00
Advertising expense 320000.00
Commission expense 1100000.00
rent expense 140000.00
Distribution expense 2230000.00

Note
Directors remunerati 2000000.00
Admin personnel 520000.00
Rent expense 140000.00
Insurance expense 50000.00
Administrative expen 2710000.00

Note
R and D expense 180000.00
Depreciation expense 160000.00
Other operating expe 340000.00
 Dinner Co
Statement of Profit or Loss and Other Comprehensive Income
For the Year Ended Dec 31 20x1

Notes
Sales 16800000.00
Cost of sales -8390000.00
Gross profit 8410000.00
Distribution cost -2550000.00
Administrative expense -2910000.00
Other operating expenses -540000.00
Impairment of financial asset -290000.00
Interest expense -280000.00
Profitbefore tax 1840000.00
Income tax expense -552000.00
Profit for the year 1288000.00
Other Comprehensive Income
Items that will not be reclassified subsequently to profit or loss
Revaluation decrease -120000.00
Items that may be reclassified subsequently to profit or loss
Translation gain on foreign operation 25000.00

Other Comprehensive Income for the Year -95000.00

TOTAL COMPREHENSIVE INCOME FOR THE YEA 1193000.00

Note
Beg. Inventory 2100000.00
Purchases 6800000.00
Purchases returns -480000.00
Freight in 350000.00
Total 8770000.00
End, Inventory -380000.00
Cost of Sales 8390000.00

Note
Sales personnel 670000.00
Marketing expense 320000.00
Sales Commission 480000.00
Freight out 870000.00
rent expense 210000.00
Distribution expense 2550000.00

Note
Depreciation 180000.00
Admin personnel 2520000.00
Rent expense 210000.00
Administrative expen 2910000.00

Note
R and D expense 180000.00
Depreciation expense 160000.00
Other operating expe 340000.00
 Lunch Co
Statement of Profit or Loss and Other Comprehensive Income
For the Year Ended Dec 31 20x1

Notes
Sales 22000000.00
Cost of sales -6000000.00
Gross profit 16000000.00
Distribution cost -2230000.00
Administrative expense -2710000.00
Other operating expenses -340000.00
Impairment loss on financial asset -190000.00
Interest expense -340000.00
Profitbefore tax 10190000.00
Income tax expense -2000000.00
Profit for the year 8190000.00
Other Comprehensive Income
Items that will not be reclassified subsequently to profit or loss
Unrealized gain on equity securities 200000.00
200000.00
Items that may be reclassified subsequently to profit or loss
Gain on change in FV of cash flow hedge 30000.00
30000.00
Other Comprehensive Income for the Year 230000.00

TOTAL COMPREHENSIVE INCOME FOR THE YEA 8420000.00

Note
Beg. Inventory 1700000.00
Purchases 5600000.00
Purchases returns -500000.00
Freight in 400000.00
Total 7200000.00
End, Inventory -1200000.00
Cost of Sales 6000000.00

Note
Sales personnel 670000.00
Advertising expense 320000.00
Commission expense 1100000.00
rent expense 140000.00
Distribution expense 2230000.00

Note
Directors remunerati 2000000.00
Admin personnel 520000.00
Rent expense 140000.00
Insurance expense 50000.00
Administrative expen 2710000.00

Note
R and D expense 180000.00
Depreciation expense 160000.00
Other operating expe 340000.00