Entity A

Statement of Financial Position

December 31, 20x1

ASSETS

Current assets:
Cash and cash equivalents 1,060,000
Trade and other receivables 1,770,000
Inventories 1,200,000
Prepaid insurance 800,000
Total current liabilities 4,830,000

Noncurrent assets:
Propety, plant, equipment 3,600,000
Total noncurrent assets 3,600,000

TOTAL ASSETS 8,430,000

LIABILITIES AND EQUITY

Current liabilities:
Trade and other payables 1,140,000
Current tax liability 500,000
Total current liabilities 1, 640,000

Noncurrent liabilities:
Loans payable-net 2,130,000
Total non-current liabilities 2,130,000

TOTAL LIABILITIES 3,770,000

Equity:
Owner's Capital 4,660,000
TOTAL EQUITY 4,660,000

TOTAL LIABILITIES & EQUITY 8,430,000