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    The balance sheet shows total assets of $2,126 consisting of fixed assets, R&D costs, accounts receivable, other receivables, inventories, investments and cash. Total capital is $1,697 made up of share capital, share premium, revaluation surplus and retained earnings. Total liabilities are $429 consisting of trade payables, unearned revenue, taxes payable and bank overdraft. The statement of changes in equity shows additions to share capital, share premium and revaluation surplus, and withdrawals from retained earnings. The fixed asset schedule shows additions of buildings, furniture, warehouse and equipment costs; and accumulated depreciation expenses for the year ending with a net book value of $

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    The balance sheet shows total assets of $2,126 consisting of fixed assets, R&D costs, accounts receivable, other receivables, inventories, investments and cash. Total capital is $1,697 made up of share capital, share premium, revaluation surplus and retained earnings. Total liabilities are $429 consisting of trade payables, unearned revenue, taxes payable and bank overdraft. The statement of changes in equity shows additions to share capital, share premium and revaluation surplus, and withdrawals from retained earnings. The fixed asset schedule shows additions of buildings, furniture, warehouse and equipment costs; and accumulated depreciation expenses for the year ending with a net book value of $

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    5 views4 pages

    Task

    Uploaded by

    Lyubov
    The balance sheet shows total assets of $2,126 consisting of fixed assets, R&D costs, accounts receivable, other receivables, inventories, investments and cash. Total capital is $1,697 made up of share capital, share premium, revaluation surplus and retained earnings. Total liabilities are $429 consisting of trade payables, unearned revenue, taxes payable and bank overdraft. The statement of changes in equity shows additions to share capital, share premium and revaluation surplus, and withdrawals from retained earnings. The fixed asset schedule shows additions of buildings, furniture, warehouse and equipment costs; and accumulated depreciation expenses for the year ending with a net book value of $

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    $000

    Assets
    Fixed assets 1,198
    R&D 152
    Accounts receivable 303
    Other receivables 12
    Inventories 11
    Investments 92
    Cash 358
    Total assets 2,126
    Capital
    Ordinary share capital 1,500
    Share premium account 300
    Revaluation surplus 103
    Retained earnings - 206
    Total capital 1,697
    Liabilities
    Trade payables 43
    unearned revenue 342
    Taxes payable 38
    Bank overdraft 6
    Total liabilities 429
    Total capial and liabilities 2,126
    - 0
    as at the 1st of January share capital Share premium revaluation reserve retained earnings
    additions 1,500 300 3 - 192
    withdrawals 100 - 14
    as at 31 December 2021 1,500 300 103 - 206
    01 January 2021
    Book value
    Office building 600
    Furniture& fittings
    Warehouse building
    Equipment&Vehicles
    Accumulated depreciation
    Office building - 50
    Furniture& fittings
    Warehouse building
    Equipment&Vehicles
    Additions
    Book value
    Office building 100
    Furniture& fittings 100
    Warehouse building 381
    Equipment&Vehicles 140
    Accumulated depreciation
    Office building - 11
    Furniture& fittings - 10
    Warehouse building - 38
    Equipment&Vehicles - 14
    Disposals
    Book value
    Office building
    Furniture& fittings
    Warehouse building
    Equipment&Vehicles
    Accumulated depreciation
    Office building
    Furniture& fittings
    Warehouse building
    Equipment&Vehicles
    Value as at 31 December 2021
    Book value
    Office building 700
    Furniture& fittings 100
    Warehouse building 381
    Equipment&Vehicles 140
    Accumulated depreciation
    Office building - 61
    Furniture& fittings - 10
    Warehouse building - 38
    Equipment&Vehicles - 14

    NBV @01/01/2021 550


    NBV @31/12/2021 1,198
    Revenue 1,297
    Cost of goods sold - 980
    Gross profit 317
    SG&A - 57
    research expenses - 152
    Depreciation - 123
    Finance cost - 22
    Fx income 26
    profit before tax - 10
    income tax - 4
    Net profit - 14
    Revaluation surplus 103

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