16.10 Preparation of a statement of financial position LO3

The summarised general ledger trial balance of Noah Ltd, a manufacturing company, includes the following accounts at 30 June 2019.

	Dr	Cr
Cash deposits	$ 117 000
Trade debtors	1 163 000
Allowance for doubtful debts		$50 000
Sundry debtors	270 000
Prepayments	94 000
Sundry loans (current)	20 000
Raw materials on hand	493 000
Finished goods	695 000
Investments in unlisted companies	30 000
Land (at cost)	234 000
Buildings (at cost)	687 000
Accumulated depreciation buildings		80 000
Plant and equipment (at cost)	6 329 000
Accumulated depreciation plant and equipment		3 036 000
Goodwill	2 425 000
Brand names	40 000
Patents	25 000
Deferred tax asset	189 000
Trade creditors		1 078 000
Sundry creditors and accruals		568 000
Bank overdraft		115 000
Bank loans		1 848 000
Other loans		646 000
Current tax payable		74 000
Provision for employee benefits		222 000
Dividends payable		100 000
Provision for warranty		20 000
Share capital		3 459 000
Retained earnings		1 515 000
	$12 811 000	$12 811 000

Additional information

The bank overdraft is payable on demand and forms part of cash equivalents.

Bank loans include amounts repayable within 1 year $620 000.

Other loans outstanding are repayable within 1 year.

Provision for employee benefits includes $143 000 payable within 1 year.

Provision for warranty is in respect of a 6-month warranty given over certain goods sold.

The investments in unlisted companies are long-term investments.

Required

Prepare the statement of financial position of Noah Ltd at 30 June 2019 in accordance with AASB 101/IAS 1, using the captions that a listed company is likely to use.