CARVEN STATEMENT OF THE PROFIT & LOSS

FOR THE PERIOD 30th SEPTEMBER 2010.

Revenue 182,500
Cost of Sales (137,400)
Gross Profit 45,100
Administrative Expenses (6,500)
Distribution Cost (8,500)
Finance Cost (3,760)
Loss on Investment (1,600)
Profit Befre Tax 24,740
Tax (6,250)
Profit After Tax 18,490
Other Comprehnsive Income
Revalaution Surplus 800

Total Comp. Income 19,290

CARVEN STATEMENT OF THE FINACAIL POSITION

AS AT 30th SEPTEMBER 2010

ASSETS
Non-Current Assets
Land & Building 41,800
Plant & Machinery 51,100
Equity Investmrnt 13,500

106,400

Current Assets
Inventory 19,800
Receivable 29,000

48,800
TOTAL ASSEST 155,200

EQUITY & LIABILITY

EQUITY & RESERVE
Ordinary Share 51,000
Retained Earning 25,090
Revaluation Surplus 7,800
83,890
Non-Current Liability
8% Loan Note 31,260
Provision for Decontimation Cost 4,400
Deferred Tax 3,750

39,410
Current Liability
Bank 4,600
Trade Payable 21,700
Current Tax 5,600
31,900
Total Liability & Equity 155,200
Adjustment #1

30,600 3,060 2,400 31,260

Interest Exp 3,060
Cash 2,400
Interest Payable 660

Adjustment #2

Building 36,000
18 Years
Dep 2,000

NBV Building 34,000

NBV Land 7,000

Total NBV 41,000

Relaued by 41,800
Revaluation Surplus 800

Adjustment #3

Plant & Machinery 57,400

Acc. Dep (13,400)
44,000 12.5% 5,500
NBV of Other Plant 38,500

Plant & Equip 10,000 1 4000 400 4,400.0

Plant & Equip 14,000

10 Yrs
Dep 1,400

Adjustment #4
15,800
13,500
(2,300)
 Def Tax
Adjustment #5
250 4000
Current Tax 5,600 15000 3750
under provision 900
Tax Credit (250)
Total Tax 6,250
CANDLE STATEMENT OF PROFIT & LOSS

Sales Revenue 297,500

Cost of Sales (225,400)
Gross Profit 72,100
Distribution Cost (14,500)
Admin Expenses (21,900)
Finance Cost (1,400)
Profit Before Tax 34,300
Tax (11,600)
Profit After Taxation 22,700

Comprehensive Income
Revaluation Loss (4,500)

Total rofit for The Year 18,200

CANDLE FINACAIL POSITION

AS AT 30th SEPTEMBER 2008

ASSETS
Non Current Assets
Lease hold Propert 43,000
Plant & Equipment 38,400
Capitaized Development Exp 14,800

Current Assets
Inventory 20,000
Trade Receviable 43,100

159,300

EQUITY & LIABILITY

Ord, Share 50,000
Retained Earning 41,200
Rev. Reserve 5,500

Non-Current Libility
8% Redeemable Pref Share 20,400
Def Tax 6000

Current Libility
Bank 1,300
Trade Payable & Provision 23,500
Current Tax 11,400

159,300
Statement of Change in Equity
FOR THE YEAR ENDED 30th SEPTEMBER 2008

O.S. C Rev. Resrve Retained Earning Total

Balances 50,000 10,000 24,500 84,500
Total Comp. income (4,500) 22,700 18,200
Ord. Divdend (6,000) (6,000)
Closing Balance 50,000 5,500 41,200 96,700

Adjustment #1

Lease Property 50,000

Dep 2,500
NBV 47,500
Market Value 43,000
Revaluation Loss 4,500

Plant Acc. Dep

Balance 76,600 (24,600)
Disposs Off 8,000 4,000 Dep
Remaining 68,600 (20,600) 48,000 20% 9,600
(9,600)
NBV 38,400

Cost of Machine 8,000

Acc. Dep (4,000)
NBV 4,000
Sale Preceeds 2,500
Loss On Disposal 1,500

Adjustment #2
Capitalization 20,000
Amotization -6000
Dep 20% (4,000.0)
NBV 10,000
4800
Total Devlopment 14,800

Other Expenses 1400

Expenses 2400
3800

Adjustment #3

Admin 100
Provision 300
Admin 300

Adjustment #4

20000 2400 1600

20000 1200 800 20400

Int exp 400

Loan 400

Adjustment # 5

Curent Tax 11400 Def Tax 6000 5800

Def Tax charge 200 Def Tax Charge 200
11600
SANDOWN STATEMENT OF THE PROFIT & LOSS
FOR THE PERIOD 30th SEPTEMBER 2009

Revenue 376,000
Cost of Sales (265,300)
Gross Profit 110,700
Operationg Expenses (55,900)
Finance Cost (1,475)
Investment Income 3,800
Profit Befre Tax 57,125
Tax (16,800)
Profit After Tax 40,325

SANDOWN STATEMENT OF THE FINACAIL POSITION

AS AT 30th SEPTEMBER 2009

ASSETS
Non-Current Assets
Property 54,000
Plant & Machinery 13,500
Brand Name 12,500
Investment Property 29,000

109,000

Current Assets 90,500

90,500
TOTAL ASSEST 199,500

EQUITY & LIABILITY

EQUITY & RESERVE
Ordinary Share 50,000
Equity Option 2,000
Retained Earning 61,585
113,585
Non-Current Liability
5% Convertible Loan Note 18,915
Deferred Tax 3,900
Unearned Income 2000

24,815
Current Liability
Trade Payable 42,900
Current Tax 16,200
Unearned Income 2,000
61,100
Total Liability & Equity 199,500
Adjustment #1

16,000
10000 6,000
2,000
Income of Other Yers 4,000 Less from Revenue

Add in SOFP NCL 2,000 CL -

Adjustment #2

2,009 18,440 1,475 1000 19,914

Interest Exp 1,475
Cash 1000
Accrued 475

Adjustment #3

NBV 26,500
FV 29,000
Gain 2,500

Adjustment #4
Deferred Tax
Current Tax 16,200 5400
Under Provision 2,100 1500
Tax Credit (1,500) 3900
16,800

Adjustment #5

Property 63,000
Land Element 13,000
Building 50,000 50 Years

Dep 1,000 COS

NBV of Bulding 41,000

Land 13,000
Land & Building 54,000 SOFP
Plant & Equipment 22,500 0.40 9000 COS

NBV OF Plant 13,500

Brand
As per TB 30,000
Acc. Dep (9,000) 3 -3000
Book 21,000

Dep 30,000
10 Year life
3,000
Dep 6 Months 1,500

NBV of Brand 19,500 Higher of

Market Value 15,000 Mv FVCTS
Impariment 4,500 12000 15000

Brand Name 15,000 3 Year

Dep 5,000
Dep of 6 Month 2,500
HIGHWOOD STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 31st March 2011

Revenue 339,650
Cost of Sales (206,950)
Gross Profit 132,700
Distribution Cost (27,500)
Admin Expenses (30,000)
Finance Cost (2,848)
Profit Before Tax 72,352
Tax for the year (19,000)
Profit After Taxation 53,352

Comprehensive Income
Revaluation Gain 11,250

Total rofit for The Year 64,602

HIGHWOOD STATEMENT OF FINACAIL POSITION

AS AT 31st March 2011

ASSETS
Non Current Assets
Property 77,500

Current Assets
Inventory 39,300
Trade Receivable 56,500

173,300

EQUITY & LIABILITY

Ord, Share 6,000
Retained Earning 54,752
Rev. Reserve 11,250
Eqity Option 1,524

Non-Current Libility
8% convertible Loan 28,924
Def Tax 6,750

Current Libility
Current Tax 19,400
Bank 11,500
Trade Payable 24,500
Lability of easy Finance 8,700

173,300
Statement of Change in Equity
FOR THE YEAR ENDED 31st March 2011

O.S. C Rev. Resrve Equity Option Retained E

Balances 6,000 - - 1,400
Total Comp. income 11,250 53,352
Ord. Divdend
Equity Option 1,524

Closing Balance 6,000 11,250 1,524 54,752

Adjustment #1

2011 2,400 0.91 2,184

2012 2,400 0.83 1,992
2013 32,400 0.75 24,300
P.V of Loan 28,476
Considration 30000
Equity Option 1,524

28,476 2,848 2,400 28,924

Interest Exp 2,848

Cash 2,400
Accruad 448

Adjustment #2

Building 50,000 Land 25,000

Acc. Dep (10,000) -
NBV 40,000 25,000
Market Value 50,000 30,000
Revalued by 10,000 5,000

Dep for the year 2,500 cos

NBV of property 47,500 30,000

Adjustment #3
Current Tax 19,400
Over Provision (800)
Def Tax Charge 400
19,000 6750

Adjustment #4
Inventory at 04 April 36000
less; Purchases -2700
add sales 6000
39300

Inventory 3300
COS 3300

Adjustment #5

Cash 8700
Admin Exp 1300
Receivable 10000

Receivable 10000
Cash 8700
Admin Exp 1300

Admin Exp 600

Receivable 600
Total
7,400
64,602
-
1,524

73,526

75,000
(10,000)
65,000
80,000
15,000 OCI

77,500 NBV
Def Tax
2600
3750 OCI
400 P&L
KEYSTONE STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 30th September 2011

Revenue 377,600
Cost of Sales (258,100)
Gross Profit 119,500
Distribution Cost (14,200)
Admin Expenses (22,400)
Investment Income 800
Finance Cost (350)
Profit Before Tax 83,350
Tax for the year (26,100)
Profit After Taxation 57,250

Comprehensive Income
Revaluation Gain 5,600

Total rofit for The Year 62,850

KEYSTONE STATEMENT OF FINACAIL POSITION

AS AT 30 Th SEPTEMBER 2011
ASSETS
Non Current Assets
Property 45,000
Plant & Equipment 33,000

Current Assets
Inventory 56,600
Trade Receivable 31,150

165,750

EQUITY & LIABILITY

Ord, Share 50,000
Retained Earning 48,850
Revaluation Surplus 5,600

Non-Current Libility
Def Tax 6,900
Current Libility
Bank 2,300
Trade Payable 27,800
Current Tax 24,300
165,750
Adjustment # 1 cos
Op Inv 46,700
Materail 3000 Material Pur 64,000
Labour 4000 Labour 124,000
Overheads 3000 FOH 80,000
End Inv (56,600)
Cost 10000 100% 258,100
S. Price 13000 130% Dep 7,000
Dep 3,000
Dr Cr 268,100
Plant 10000 less Cost of Other Assets (10,000)
COS 10000 Cost of Sales 258,100

Plant 44500 14,500 20%

NBV 30,000 6,000 24,000
10,000 20% 2000 6 Mnts 1000
NBV 10,000 -1000 9,000

Property NBV 40000

M.V 48000 48000
Revaled by 8000 16 Years
3000 Dep

50000 20 Years 2500 Yr 1

2500 Yr 2
2500 Yr 3
2,500 Yr4
10000 4 years
16 Years Remaining Life of property

Adjustment # 2

Shares 50,000
Par Value 0.20
Shares Issued 250,000
Share Prce 2.4
Total Value of sha 600,000 4% Dividend Paid 24,000

R.E 24,000
 Dividend 24,000

Admin 24000
Dividend 24000

R.E 24000
Admin 24000

Adjustment # 3
Def Tax
Current Tax 24300
Dec tax charge 1800 4,500
26100 2,400

6,900
Def Tax
2,700
-
2,400
1,800

6,900
FRESCO STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 31st March 2012

Revenue 350,000
Cost of Sales (311,000)
Gross Profit 39,000
Distribution Cost (16,100)
Admin Expenses (29,900)
Finance Cost (2,600)
Profit Before Tax (9,600)
Tax Relief 1,800
Loss After Taxation Relief (7,800)

Comprehensive Income
Revaluation Gain 4,000

Total Comprehensive Loss (3,800)

FRESCO STATEMENT OF FINACAIL POSITION

AS AT 31st March 2012

ASSETS
Non Current Assets
Lease Property 31,500
Plant & Equipment 11,200
Right to Use Assets 20,000

Current Assets
Inventory 25,200
Trade Receivable 24,500
Current Tax Refund 2,400
114,800

EQUITY & LIABILITY

Ord, Share 54,000
Retained Earning (3,200)
Rev. Reserve 3,500
Premium 9,500
Eqity Option -
Non-Current Libility
Def Tax 3,000
Lease Obligation 15,230

Current Libility
Bank 1,400
Trade Payable 27,300
Lease Obligation 4,070

114,800
Statement of Change in Equity
FOR THE YEAR ENDED 31st March 2012

O.S. C Premium Rev. ResrveEquity OptiRetained Ea

Balances 45,000 5,000 - - 5,100
Prior Period Changes (1,000)
Right Issue 9,000 4,500 - - -
Transfer of Revaluation to R.E - - (500) - 500
Total Comprehensive Loss 4,000 (7,800)

Closing Balance 54,000 9,500 3,500 - (3,200)

Adjustment #1
No of Share Issued 45,000
Par Value 0.50
90,000 1/5 right Issued
No. of Share Issued 18,000
Each Share 0.75
Amount Received 13,500

Cash Received 13,500

Suspension 13,500

Suspansion 13,500
Share Capital 9,000
Share Premium 4,500

Adjustment # 2
NVB of Lease Property 32,000 36,000 4,500
Market Value 36,000
Revalued By 4,000 500 Transfer to Retained Earning

Plant Under Lease Agrement 25,000

2,000 23,000
Amortization 25,000 6,000 2,300 3,700 19,300
Life 5 Years 6,000 1,930 4,070 15,230

RTU 23,000
Dep 5,000 Bank 23,000
 interest 2,300
Lase Obli 3,700
RTU 6,000
Plant other Than Lease Plant

NBV 14,000 20%

Dep 2,800
NVB 11,200

Adjustment # 3
Admin Exp 3,000
R.E 1,000
Receivable 4,000

Adjustment # 4

Current Tax (2,400) Def Tax

Under Provision 800 3,200
Tax Credit (200) 200
Tax Relief (1,800) 3,000
 Total
55,100
(1,000)
13,500
-
(3,800)

63,800

Dep

o Retained Earning
QUANCY STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 30 Th SEPTEMBER 2012

Revenue 211,900
Cost of Sales (144,300)
Gross Profit 67,600
Distribution Cost (12,500)
Admin Expenses (18,000)
Investment loss (900)
Finance Cost (1,920)
Profit Before Tax 34,280
Income Tax (8,300)

Profit After Tax 25,980

QUANCY STATEMENT OF FINACAIL POSITION

AS AT 30th September 2012

ASSETS
Non Current Assets
Plant & Equipment 42,500
Investment 15,700

Current Assets
Inventory 24,800
Trade Receivable 28,500
Bank 2,900
114,400

EQUITY & LIABILITY

Ord, Share 60,000
Retained Earning 13,280

Non-Current Libility
Def Tax 1,000
Def. income 800
6% loan note 24,420

Current Libility
Trade Payable 6,700
Def. income 800
Current Tax 7,400

114,400
Statement of Change in Equity
FOR THE YEAR ENDED 30 Th SEPTEMBER 2012

O.S. C Premium Rev. Resrve Equity OptRetained E

Balances 60,000 6,500
Total Profit 25,980
Dividend Paid (19,200)

Closing Balance 60,000 - - - 13,280

Adjustment #1 800 100

10,000 800 Per Year 600 75
1,600 200 25

Adjustment #2

Loan 25,000 Bank 24,000

Issue cost (1,000) Issue Cost 1,000
24,000 Loan 25,000

OB Fin Cost Int. Paid Closing

24,000 1,920 1,500 24,420

Interst Exp 1,920

Cash 1,500
Loan 420

Adjustment # 3

R.E 19,200
Dividend 19,200

Adjustment # 4
Dep 50,000 15% 7,500

Adjustment # 5
Investment 17,000
Fair Value 15,700
Devalued by 1,300
Adjustment # 6

Current Tax 7,400 1,200

under proviiosn 1,100 200
Tax Credit (200) 1,000
8,300
Total
66,500
25,980
(19,200)
-
73,280
 ATLAS STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 31st March 2013

Revenue 540,000
Cost of Sales (420,600)
Gross Profit 119,400
Distribution Cost (21,500)
Admin Expenses (36,300)
Finance Cost (1,200)
Profit Before Tax 60,400
Tax for the Year (29,200)
profit After Taxation 31,200

Comprehensive Income
Revaluation Gain 7,000

Total Comprehensive Loss 38,200

ATLAS STATEMENT OF FINACAIL POSITION

AS AT 31st March 2013

ASSETS
Non Current Assets
Land & Building 44,500
Plant & Equipment 52,800

Current Assets
Inventory 50,700
Trade Receivable 42,200
Assets held for Sale 3,600
193,800

EQUITY & LIABILITY

Ord, Share 50,000
Retained Earning 42,400
Revalution Gain 7,000

Non-Current Libility
Def Tax 9,400
Loan 10,500

Current Libility
Bank 6,800
Trade Payable 35,100
Director bonus payable 5,400
Current Tax 27,200
193,800
Adjustment #1

Loan 10000 7000 COS

interest 1000
6 months 500
total loan 10500

Adjustment # 2

Plant held for sale

Cost 9,000
Acc. Dep (5,000)
NBV 4,000
Dep (400)
NBV 3,600 SOFP

6 months dep 4,000 20% 400 COS

Other Plant 70,000

Plant held for Sale (4,000) Dep
Other Plant Value 66,000 20% 13,200 COS

NBV of Other Plant 52,800

Land & Building

land building
cost 10,000 50,000 60,000
Acc. Dep -20000 -20000
NBV 10,000 30,000 40,000
MV 12,000 35,000 47,000
Revalued 2,000 5,000 7,000

dep of building 14 yrs 2,500 COS

Adjustment # 3

Bonus for director 1% os sale 5,400 adim exp 5,400

director bonus payable 5,400
Adjustment # 4
Current Tax 27200 Def tax
Over provision (1,200) 6,200
Tac Charge 3,200 3,200
29,200 9,400
MOBY STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 30TH SEPTEMBER 2013

Revenue 237,800
Cost of Sales (181,900)
Gross Profit 55,900
Operating Expenses (29,700)
Finance Cost (6,930)
Profit Before Tax 19,270
Tax (1,400)
Profit After Taxation Relief 17,870

Comprehensive Income
Revaluation Gain 3,300

Total Comprehensive Loss 21,170

MOBY STATEMENT OF FINACAIL POSITION

AS AT 30TH SEPTEMBER 2013

ASSETS
Non Current Assets

Land & Building 52,000

Right to Use Assets 21,000

Current Assets
Inventory 56,600
Trade Receivable 38,500
Contract Assets 6,000
174,100

EQUITY & LIABILITY

Ord, Share 27,000
Retained Earning 37,670
Rev. Reserve 3,300
Non-Current Libility
Def Tax 7,100
Lease Obligation 16,133
Lone Notes 44,000
Current Libility
Bank 7,300
Trade Payable 21,300
Lease Obligation 6,897
Current tax 3,400
174,100
Adjustment # 01

Revnue 25000
Estimated cost -20000
Profit 5000

10000 40%
%age of Work Copletion
25000

Revenue 10000
Cost -8000
Profit 2000

Adjustment # 02
Land & Building
Land Building Total
Cost 12,000 48,000 60,000
Acc. Dep - (10,000) (10,000)
NRV 12,000 38,000 50,000
Market Value 16,000 38,400 54,400
Revalued by 4,000 400 4,400
Dep - (2,400) (2,400)

16,000 36,000 52,000

Lease Plant 9,200 2,930 6,270

9,200.00 2,303 6,897
Interest 2,930
Lease Obligation 6,270
Lease Obligation 9,200

Adjustment # 02

Provision 400
Operating Exp 400

Operating Exp 250

Provision 250
Adjustment # 03

Current Tax 3,400

Tax Credit (2,000)

1,400

Adjustment # 04
2,013 40,000 4,000 44,000
2014 44,000 4,400 48,400
2015 48,400 4,840 53,240
Statement of Finacial Position
Cost to date 14,000
Profit to date 2,000
Bill to date (10,000)
Contrct Assets 6,000

Def. Tax 1,100

7,000 Dep
29,300
23,030
16,133
Def Tax
8,000
2,000 1,100

7,100
XTOL STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 31st March 2012

Revenue 472,000
Cost of Sales (289,600)
Gross Profit 182,400
Distribution Cost (33,500)
Admin Expenses (36,800)
Finance Cost (4,576)
Profit Before Tax 107,524
Tax Relief (34,900)
Loss After Taxation Relief 72,624

XTOL STATEMENT OF FINACAIL POSITION

AS AT 31st March 2012

ASSETS
Non Current Assets
Land 75,000
Plant & Equipment 98,000

Current Assets
Inventory 61,000
Trade Receivable 63,000

297,000

EQUITY & LIABILITY

Ord, Share 66,000
Retained Earning 87,824
Premium 15,000
Eqity Option 4,050

Non-Current Libility
5% Convertaable Loan Note 47,126
Def Tax 8,300

Current Libility
Bank 5,500
Trade Payable 35,200
Current Tax 28,000

297,000
Statement of Change in Equity
FOR THE YEAR ENDED 31st March 2012

O.S. C Premium Rev. Resrve Equity Option Retained E

Balances 66,000 15,000 - 4,050 15,200
Prior Period Changes
Right Issue
Transfer of Revaluation to R.E
Total Comprehensive Loss

Closing Balance 66,000 15,000 - 4,050 15,200

Adjustment #1
Commision 20,000 10% 2,000
Sale 18,000
Cos 15,000
Trade Payable 3,000

Adjustment # 02

Plat & Equipment 112,000 12.5% 14,000

Adjustment # 03

Converatble loan note 2,500 0.93 2,325

2,500 0.86 2,150
52,500 0.79 41,475
P. V of Loan 45,950
Considrtaion 50,000
Equity Option 4,050

2014 45,950 3,676 2,500 47,126

Interest Exp 3,676

Cash 2,500
Loan 1,176

Adjustment #04
Def Tax
Current Tax 28,000 4,600
Under Provision 3,200 3,700
Tax charge 3,700 8,300
34,900
Total
100,250
-
-
-
-

100,250
Schedule for Retained Earning

Retained Earning as per T.b 19,500

Issue Cost 1,000
Loan Finance Cost (2,610)
Depriciation Building (2,600)
Depriciation Plant (3,000)
Incoe Tax Exp. (800)
Gain on Investment 600
Retined Earning 12,090

KANDY STATEMENT OF FINACAIL POSITION

AS AT 30TH SEPTEMBER 2014

ASSETS
Non Current Assets
Land & Building 44,400
Plant & Equipment 21,000
Investment 2,600

Current Assets 68,700

136,700

EQUITY & LIABILITY

Ord, Share 40,000
Retained Earning 12,090
Revalution 9,600
Non-Current Libility
6% Loan 29,810
Def Tax 4,400

Current Libility 38,400

Current Tax 2,400

136,700
Adjustment #1

29,000 2,610 1,800 29,810

Interest Exp. 810

Loan 810

Adjustment #2
Land Building
Cost 5,000 50,000 55,000
Acc. Dep - (20,000) (20,000)
Cost 5,000 30,000 35,000
M.V 8,000 39,000 47,000
Revalued by 3,000 9,000 12,000 Revaluatio 12,000

Dep. Of Building 39,000 15 Years 2,600

Plant & Equipemt 24,000 12.5% 3,000

Adjustment #3

Current Tax 2,400 Def Tax

Over Provision (1,100) 2,500
Tax Charged 1,900 1,900
3,200 4,400

Adjustment # 4
Investment 2,000
Fair Value 2,600
Revalued by 600
Def. Tax Lib
2,400.0
CLRION STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 31st March 2015

Revenue 132,000
Cost of Sales (105,300)
Gross Profit 26,700
Distribution Cost (7,400)
Admin Expenses (8,000)
Investment Income 1,000
Finance Cost (2,790)
Profit Before Tax 9,510
Tax Relief (3,400)
Profit After Taxation 6,110

CLARION STATEMENT OF FINACAIL POSITION

AS AT 31st March 2015

ASSETS
Non Current Assets
Plant & Equipment 42,600
Right to Use Plant 6,400
Investment 6,500

Current Assets
Inventory 11,700
Trade Receivable 20,500
Current Tax Refund
87,700

EQUITY & LIABILITY

Ord. Share 35,000
Retained Earning 10,810
Rev. Reserve
Premium
Eqity Option
Non-Current Libility
Def Tax 3,000
8% Loan Note 15,000
Envirmental Provision 4,320
Lease Obligation 3,747
Current Libility
Bank 1,900
Trade Payable 9,400
Lease Obligation 1,023
current tax 3,500

87,700
Adjustment #1

8% Loan 20,000 1,600 -800 20,800

Loan 5,000
Intrest 800
Suspansion 5,800

Adjustment # 02
Cost Dep 8,000 5 1600
77,000 20% 15,400
8,000 20% 1,600
85,000 0 17,000

2014 4,000 320 4,320 3,403

2015 4,320 346 4,666

Adjustment # 03

8000
1.04.2014 2,300 5,700
01.04.2015 1,500 570 930 4,770
1,500 477 1,023 3,747

Rental 1,500
Intrest Exp 570
Lease Obligati 930

Adjustment # 04

Investment 6,000
Revalued 6,500.0
Gain 500

Adjustment # 05

Current Tax 3,500 Def Tax

Over provision (400) 2,700
Tax Chharge 300 3,000 300
3,400
MOSTON STATEMENT OF PROFIT & LOSS
FOR THE YEAR ENDED 30th JUNE 2015

Revenue 110,500
Cost of Sales (95,900)
Gross Profit 14,600
Distribution Cost (3,600)
Admin Expenses (6,300)
Investment Income 1,100
Finance Cost (1,710)
Profit Before Tax 4,090
Tax (2,000)
Profit After Taxation 2,090

Comprehensive Income
Revaluation Gain 2,400

Total Comprehensive Loss 4,490

Statement of Change in Equity
FOR THE YEAR ENDED 30th JUNE 2015

O.S. C Premium Rev. Resrve Retained Earning Total

Balances 30,000 - 3,000 6,200 39,200
Share Issue 10,000 7,000 17,000
Total Com. Profit 2,400 2,090 4,490
Dividend paid (4,000) (4,000)

Closing Balance 40,000 7,000 5,400 4,290 56,690

Adjustment #1
Sale 1,000
COS 2,000
Loan 3,000

Interest 3,000 300 150

Adjustment #02

Expenses on Resrech 3,000

Capitalized 4,800

Adjustment #03

28,500 15 Year 1,900

NBV Property 26,600
M.v 29,000
Revalued by 2,400

Plant & equipment 18,000 15% 2,700

Adjustment #04

Bank 19500 1,560 1,000

Issue Cost 500
Loan 20,000

Innterest Ex 1,560
Cash 500
Loan 1,060

Adjustment #05

Financeial Equity Assets 8,800

Fair Value 9,600
Gain 800

Adjustment #06

Current Tx 1,200
Tax Charge 800
2,000
Adjustment #07

Bank 17,000
Share Capital 10,000
Shre Premium 7,000

Retained Earning 4,000

Dividend 4,000