W1: Provision for D/Debts Pomskty

Dr: Admin expenses 15000 Income Statement

Cr: Allowance for Receivable 15000
Revenue
W2 Buikdings 100000
P&M 1160400 Less: Cos
Dr: Cost of Sales 1260400
Cr: Acc Dep 100000 Gross Profit
Cr: Acc Dep P & M 1160400
Admin
W3 C. Inv 1413400
Distrib
W4 Cos Admin Distrib
1220000 50% 25% 25% Operating Profit
Rates 610000 305000 305000 Investment Income
Finance Costs
W5 400000 Dr: Rec 400000 Profit on disposal
390625 CrSales 400000
9375 Dr:: FC 9375 PBT
Cr: Rec 9375 Tax

W6 Contract PFY
27000 33 99000 33000
6000
Dr: Distribution Costs 6,000.00
Cr: Accruals 6,000.00
SFP
W7
Dr: Tax Expense 259600 NCA
Cr: Tax Payable 259600 Land & Buildings
P&M
W8 Dr: Cash 10.5 Investments
Cr: Suspense 10.5
CA
Dr: Suspe 10.5 Inven
Cr: Investment 7 Acc-Rec
Cr: Profit 3.5 Prepayment
Cash

A=C+L
Total Assets

Equity & Liabilities

NCL
Bank Loan
Pref.Shares
CL
Trade. P
Accruals
Tax. Pay
Prov-ST

Equity
OS
R/E

Total E & L
Amount Amount
52,100,000.00

30,979,000.00

21,121,000.00

8,864,000.00

9,938,300.00

2,318,700.00
57,000.00
(240,000.00)
3,500,000.00

5,635,700.00
(259,600.00)

5,376,100.00

Amount Amount

5,030,000.00
6,575,600.00
7,877,500.00
19,483,100.00

1,413,400.00
15,601,000.00
134,000.00
12,603,700.00
29,752,100.00

49,235,200.00

2,000,000.00
3,000,000.00
 5,000,000.00

2,325,000.00
27,500.00
259,600.00
1,112,000.00
3,724,100.00

5,000,000.00
35,511,100.00
40,511,100.00

49,235,200.00
-
 3.00
Money Rcpt For 129,000.00 43,000.00
84,000.00 28,000.00
96,000.00 32,000.00
111,000.00 37,000.00
(111,000.00) (37,000.00)
(64,000.00) (21,333.33)
(28,000.00)

Dr: Sub. Revenue (203,000.00) (203,000.00)

Cr: Deferred Income (203,000.00)

Ads Income 8,750.00

Dr: Rec 8,750.00 Subscr (203,000.00)
Cr: Income Acc 8,750.00 Ads 8,750.00
Refunds/Returns (3,000.00)
Refund 3,000.00 News 7,500.00

Dr: Mag Rev 3,000.00 (189,750.00)

Cr: Ac Rec/Cash 3,000.00

2,500.00
9.00
22,500.00
7,500.00
Dr: Rec 7,500.00
Cr: Rev 7,500.00
Costs Actual/ Budget Unit Cost
VC M.Cost 360,000.00
V.P.Ohds 240,000.00
600,000.00 800,000.00 0.75
FC
F.PC 450,000.00
450,000.00 1,000,000.00 0.45

Unit Costs 1.20

31/Dec/20Y0 25,500.00
NRV 2,000.00 1.00 2,000.00
Cost 23,500.00 1.20 28,200.00
Value of Inventories 30,200.00
 120,000.00 Development Costs 105,000.00
15,000.00 Ads
105,000.00
70,000.00 RC

Technical Know-How
Totals 205,000.00
Staff Training (13,000.00)
Net TKH 192,000.00 RA 152,000.00
Amortisation (24,000.00) 157,000.00
CA 168,000.00
RA (157,000.00) 4.00
I.Loss 11,000.00
48,000.00 0.50 24,000.00

DR: SPL 98.00

98,000.00 Dr: Im 11.00
Dr: Amor 24.00
CR: I 133.00
COST Disc Note
Date Details DC TKH Totals
1/1/20y0 Opening balance - - -
1/6/20y0 Additions D The Yr 105,000.00 192,000.00 297,000.00
Disposals - - -
ACC Dep Revaluations - - -
31/12/20Y0 105,000.00 192,000.00 297,000.00
1/1/20Y0 Opening balance - - -
31/12/20Y0 Amortisation D the Yr - 24,000.00 24,000.00
Impairment - 11,000.00 11,000.00
Amortisation on disposals - - -
31/12/20Y0 - 35,000.00 35,000.00
Carrying Amount;
Start of Yr - - -
End of the Yr 105,000.00 157,000.00 262,000.00
Machine 122
FV 14,500.00
VIU 20,000.00
15,600.00
Dep 46,800.00 46,800.00
CA 31,200.00
RA 20,000.00
Imp. Loss 11,200.00
B
Cost 300,000.00
Acc Dep 174,000.00
NBV/CA 126,000.00
Revaluation
Dr: Buildings 400,000.00
Dr: Acc Dep 174,000.00
Cr: Rev 574,000.00
800,000.00
1,374,000.00
Dr: Land 800,000.00
Dr: Building 400,000.00
Dr: Acc Dep 174,000.00
Cr: Rev. Surplus 1,374,000.00

17,500.00 New Dep

225,000.00 old
21.00 80,000.00 new

3,200,000.00 Old 3,150.00 80,000.00

80,000.00 New 17,500.00
14,350.00
Rev. Surplus 1,359,650.00
2,300.00
1,000.00
3,300.00
Issue No 1 Dr Cr
Dr: Proceeds 1,500,000.00
Cr: Cost 1,200,000.00
Dr: Right of Use (C.A*L.L)/ FV 178,800.00
Cr: Lease Liability 223,500.00
Dr/Cr: Loss/Profit 255,300.00
Totals 1,678,800.00 1,678,800.00
-
Issue No 2 Loan Rate Cost
1,000,000.00 6% 60,000.00
2,000,000.00 4.50% 90,000.00
3,000,000.00 150,000.00

WACC 5%
1,700,000.00 85,000.00 63,750.00
1,700,000.00
3,187.50 1,763,750.00
265.63 88,187.50

Issue No 3 50,000.00
Years Coupon Interest PV
1.00 50,000.00 0.93 46,728.97
2.00 50,000.00 0.87 43,671.94
3.00 1,050,000.00 0.82 857,112.77
66,325.96 Liability 947,513.68
Equity 52,486.32
7% 5% Total 1,000,000.00
Balance Interest Accrued Interest Paid Balance
947,513.68 66,325.96 (50,000.00) 963,839.64
963,839.64 67,468.77 (50,000.00) 981,308.41
981,308.41 68,691.59 (50,000.00) 1,000,000.00

16,325.96

Details PPE NCL PFY Equity

Balance 3,591,865.00 500,000.00 995,515.00 3,219,035.00
Disposal (1,200,000.00)
RoU 178,800.00
LL 223,500.00
PoD 255,300.00
BC 63,750.00 63,750.00
Dep on B/cost (265.63) (265.63)
FC - (16,325.96)
LL 963,839.64
Equity 52,486.32
302,458.42
Totals 2,634,149.38 1,687,339.64 1,297,973.42 3,573,979.74

302,458.42
Workings
W1: Intragroup sales
Dr: Sales acc 250,000.00 bedlington
Cr: Cos 250,000.00 Pomsky

W2: PURP
Dr: CoS 25,000.00 Bed
Cr: Inve 25,000.00 Poms

FV Dep Adj - (20,000.00)

W3: Dividends From ass- Group
Dr: cash/ Bank 48,000.00
Cr: SPL 25,000.00

W4: Good Will Impairments Bedl

Profit on dispoal Removed (3,500,000.00)
30,000.00 GW Impairment

W3: GoodWill- Bed

Consideration 4,000,000.00
Add: NCI at Acq 637,500.00

Less: FV of NA (2,550,000.00)
Less: Impairments (30,000.00)

GW At Acq 2,057,500.00

W4: NCI
25% - -

W5: Retained Earnings

100% of Pomsky R/E 35,511,100.00
Pomsky's share of B PAM(75%) (2,062,500.00)
Pomsky's Share of D PAM (40%) 452,151.20
Good Will Impairment (30,000.00)

R/E of the Grp 33,870,751.20

W7: Investment in associate 9,816,988.00

Original 300,000.00 (9,333.33)
Pomsky;s Share 452,151.20 9,807,654.67
752,151.20

Consideration 7,000,000.00 Profit or loss on disposal of Puli Ltd

NCI 1,526,216.40 Sales Proceeds 10,500,000.00
Less: NA @ Acq (7,631,082.00) NCI @ Disp 1,961,530.93
 Less: CA of NA 9,807,654.67
GW @ Acq 895,134.40 Less: CA of GW 37,890.40
Imp (857,244.00) (9,845,545.07)
GW @ CA 37,890.40
Profit /Loss 2,615,985.87
Loss (9,333.33)
2,606,652.53
 10yrs Ago
-
W2: Net Assets At Acq Post Acq Movmnt
SC 1,650,000.00 (1,650,000.00)
R/E 600,000.00 (600,000.00)
FV Adju 300,000.00 (300,000.00)
Dep-FV Uplift - (200,000.00)

PURP - -

2,550,000.00 (2,750,000.00)
25% 637,500.00
 P Group
CSFP 31/12/20Y0 Amount Amount
NCA
PPE 15,297,465.00
Investments 3,577,500.00
Investment in Ass 752,151.20
Intangibles 262,000.00
Good Will W3 2,057,500.00
21,946,616.20
CA
Inventory 1,418,600.00
Accs Receivables 16,576,850.00
Cash & Cash Equiv 12,603,820.00
30,599,270.00

Total Assets 52,545,886.20

Equity & Liabilities

NCL
Preference S.Cap 3,500,000.00
Borrowings 2,000,000.00
5,500,000.00
CL
Trade Payables 2,910,400.00
Taxation 270,100.00
Provisions 1,112,000.00
D. Income 425,000.00
Borrowings 13,600.00
4,731,100.00
Equity
Ord. S. Cap 5,000,000.00
R/E 33,870,751.20
NCI -
38,870,751.20

Total E & L 49,101,851.20

Check (3,444,035.00)
 P Group
CSPL 31/12/20Y0 Amount Amount Amount Consolidated
P S Adj
Revenue 52,100,000.00 4,301,700.00 (250,000.00) 56,151,700.00
Cos (30,979,000.00) (2,162,685.00) 250,000.00 (32,891,685.00)
Purp-adj - (25,000.00) - (25,000.00)
Gross Profit 21,121,000.00 2,114,015.00 - 23,235,015.00
-
Admin Expenses (8,870,000.00) (903,900.00) (9,773,900.00)
FV Dep Adj - (20,000.00) - (20,000.00)
Distr Costs (9,932,300.00) (229,100.00) (10,161,400.00)
-
Oper. Profit 2,318,700.00 961,015.00 - 3,279,715.00
-
57,000.00 Profit on disp of sub 3,500,000.00 - 3,500,000.00
48,000.00 Profit on dispoal Removed (3,500,000.00) (3,500,000.00)
9,000.00 Investment Income 9,000.00 - 9,000.00
Finance Cost (240,000.00) - (240,000.00)
Share of profit from Associate 91,158.00
Profit before Tax 2,087,700.00 961,015.00 - 3,139,873.00
Tax Expense (259,600.00) (10,500.00) (270,100.00)
-
Profit for the Yr 1,828,100.00 950,515.00 - 2,869,773.00
Profit/ Loss from Discontinued 2,615,985.87

Attributable To;
Owners of the Parent
NCI
Revenue 56,151,700.00
Cos (32,916,685.00)
Gross Profit 23,235,015.00
-
Admin Expenses (9,793,900.00)
Distr Costs (10,161,400.00)
-
Oper. Profit 3,279,715.00
Share of profit from Associate 91,158.00
Investment Income 9,000.00
Finance Cost (240,000.00)

Profit before Tax 3,139,873.00

Tax Expense (270,100.00)
-
Profit for the Yr COP 2,869,773.00 Bedlington 237,628.75
Profit/ Loss from Discontinued 2,606,652.53 Puli Ltd 1866.666667
235,762.08
PFY 5,476,425.53

Attributable to:
Owners of P 5,240,663.45
NCI 235,762.08
5,476,425.53

CSOCE
SC RE NCI
B/Fwd 5,000,000.00 31,250,614.00 2,549,277.60
Additions:
Profit FTY - 5,240,663.45 235,762.08
Eliminated (1,961,530.93)

Bal c/f 5,000,000.00 36,491,277.45 823,508.75

 120,000.00
100,000.00
20,000.00 9.00 180,000.00

NCI
Bedlington 555,880.00
Puli 1,963,397.60 (1,866.67) 1,961,530.93
FV Uplift-Bed 75,000.00
FV Dep-Bed (45,000.00)
2,549,277.60

R/E
Pomsky 30,135,000.00
FV Uplift -
FV Dep (135,000.00)
Bed-75% (19,860.00)
Puli-80% 1,748,724.80
Impairments (30,000.00)
Puli-Impairments (857,244.00)
Associates's 408,993.20

31,250,614.00
Cash from/used in OA
Profit from taxc 1,845,000.00
Less: Gain (125,000.00)
Add: F/C 140,000.00
Add: Dep 795,000.00