ACCT2014 620140548

SECTION ONE

Juniper LTD
Statement of Corrected Net Profit
For the Year Ended March 31, 2019
Details $ $
Net Profits as Per Accounts 96,700,000

Less:
Depreciation:
 Buildings 11,000,000
 Plant 36,100,000
Theft Expense 4,000,000
Provisions for Income Tax 11,400,000
Auditors and Tax Consultant Fees Understated 500,000 63,000,000

CORRECTED NET INCOME 33,700,000

ACCT2014 620140548

Jupiter’s Limited
Statement of Financial Position
As at March 31, 2019
Details $ $ $
Non-Current Assets
Property at valuation:
Land and Buildings 180,000,000
Plant as at April 1, 2018 180,500,000
Less Depreciation 36,100,000 144,400,000
Long term receivables 12,500,000

Current Assets
Inventories 84,000,000
Trade Receivables 52,200,000
Less: Theft 4,000,000 48,200,000
Cash and Cash Equivalents 3,800,000
136,000,000
TOTAL ASSETS 472,900,000

EQUITIES AND LIABILITIES

Current Liabilities
81,800,000
Professional Fees 500,000
Provisions for Income Tax 11,400,000
Non-Current Liabilities
Loan 19,200,000
Total Liabilities 112,900,000

Owner’s Equity
Ordinary Shares of $1 Each 250,000,000
Share Premium 40,000,000
ACCT2014 620140548

Revaluation Surplus 24,000,000

Retained Earnings:
 At 1 April 2018 12,300,000
 For the year ended March 31, 2019 33,700,000
TOTAL LIABILITIES AND OWNER’S 472,900 ,000
EQUITY