5. Identify and classify the components of Total Cost in the selected company as fixed & variable and as product & period cost (Use the notes to accounts of the company for this). 6. Calculate the total fixed & variable and product & period cost (Use the notes to accounts of the company for this 7. Calculate the change in Income, Expenses and Profit/Loss in 2020 with respect to 2019. Q6&7: Al Anwar Ceramic Tiles Company SAOG Statement of profit or loss and other comprehensive income for the year ended 31 December 2020 Year ended 31 December 2020 RO Year ended 31 December 2019 RO Notes 20 21 Income Revenue Cost of revenue Gross profit Other income 23.1. 114,914.7791 8,481,604 19,853,148 113,657,1241 6,196,024 22 31.627 1.513,211 71,276 6,267, 120 Expenses Salaries and other employee related costs General and administrative expenses Selling and distribution expenses 24 25 (1.644,370) (374,094 12.499,2101 14.517.674) (1,621,163) 14342891 (2,357.500) 14,413.041) 1.154.279 1.995.557 Profit from operations for the year Mert aim from mvestments at fair value through profit or loss Finance Income Finance 9 26 27 782.625 363,166 (32,026) 556,254 05.1921 5.100.122 2.177,351 28 (766,552) (352,451 Het profit before tak for the year Taxation Met profit after tax for the year Other comprehemive income Vem that will not be recensified to profit or les 4,342.770 2,024,00 a 107,793) 449,116 Other comprehensive income: Items that will not be reclassified to profit or low: Changes in fair value through other comprehensive Income investments Deferred tax credit / charge on fair value through other comprehensive income investments Other comprehensive (less) /income for the year Total comprehensive Income for the year Basic earnings per share (RO) 28 16,169 (67,3671 (91,674) 381,749 4,251,146 2,406,615 30 0.015 0.007 24 General and administrative expenses Insurance Vehicle maintenance Depreciation Note 6 (b)) Registration and renewals Repairs and maintenance Rent on short-term leases Communication Bank charges Directors' remuneration (Note 18 a) Directors' meeting attendance fees (Note 18 a) Travelling and conveyance Miscellaneous expenses Year ended Year ended 31 December 31 December 2020 2019 RO RO 50,269 55.478 49,899 78,274 47,906 92,914 44,969 47,326 42,916 31,500 27,756 27,999 20,990 23,318 13,275 13,729 10,000 10,800 7.050 7,950 1,937 6,896 57,127 38,097 374 094 434,289 25 Setting and distribution expenses Outward freight charges Advertising expenses Travelling expenses Provision for ECL on trade receivables (Note 11) Year ended Year ended 31 December 31 December 2020 2019 RO RO 2,060,049 2,032,785 210,586 197,328 45,283 100,131 183,292 27,345 2.499,210 2.357.589 Expenses Salaries and other employee related costs General and administrative expenses Selling and distribution expenses 24 25 11.644,170 074,0941 2.499,2101 14.517.6741 11.621.16) (434,2691 (2,157,50 14.413,011 23 Salaries and other employee related costs Year ended Year ended 31 December 31 December 2020 2019 RO RO 2.956,622 2,821,116 125,760 111,698 Salaries, wages and allowances Cost of employees ' benefit tlabilities (Note 19) Contributions to defined contribution retirement plan for Omani employees Other benefits and expenses (Note 18) Less: Included under cost of sales (Note 21) 87,045 336,265 3.505,697 (1,861,322) 1.644.370 119,122 375,415 3.427,35T (1.806,188) 1,621,163 5. Identify and classify the components of Total Cost in the selected company as fixed & variable and as product & period cost (Use the notes to accounts of the company for this). 6. Calculate the total fixed & variable and product & period cost (Use the notes to accounts of the company for this 7. Calculate the change in Income, Expenses and Profit/Loss in 2020 with respect to 2019. Q6&7: Al Anwar Ceramic Tiles Company SAOG Statement of profit or loss and other comprehensive income for the year ended 31 December 2020 Year ended 31 December 2020 RO Year ended 31 December 2019 RO Notes 20 21 Income Revenue Cost of revenue Gross profit Other income 23.1. 114,914.7791 8,481,604 19,853,148 113,657,1241 6,196,024 22 31.627 1.513,211 71,276 6,267, 120 Expenses Salaries and other employee related costs General and administrative expenses Selling and distribution expenses 24 25 (1.644,370) (374,094 12.499,2101 14.517.674) (1,621,163) 14342891 (2,357.500) 14,413.041) 1.154.279 1.995.557 Profit from operations for the year Mert aim from mvestments at fair value through profit or loss Finance Income Finance 9 26 27 782.625 363,166 (32,026) 556,254 05.1921 5.100.122 2.177,351 28 (766,552) (352,451 Het profit before tak for the year Taxation Met profit after tax for the year Other comprehemive income Vem that will not be recensified to profit or les 4,342.770 2,024,00 a 107,793) 449,116 Other comprehensive income: Items that will not be reclassified to profit or low: Changes in fair value through other comprehensive Income investments Deferred tax credit / charge on fair value through other comprehensive income investments Other comprehensive (less) /income for the year Total comprehensive Income for the year Basic earnings per share (RO) 28 16,169 (67,3671 (91,674) 381,749 4,251,146 2,406,615 30 0.015 0.007 24 General and administrative expenses Insurance Vehicle maintenance Depreciation Note 6 (b)) Registration and renewals Repairs and maintenance Rent on short-term leases Communication Bank charges Directors' remuneration (Note 18 a) Directors' meeting attendance fees (Note 18 a) Travelling and conveyance Miscellaneous expenses Year ended Year ended 31 December 31 December 2020 2019 RO RO 50,269 55.478 49,899 78,274 47,906 92,914 44,969 47,326 42,916 31,500 27,756 27,999 20,990 23,318 13,275 13,729 10,000 10,800 7.050 7,950 1,937 6,896 57,127 38,097 374 094 434,289 25 Setting and distribution expenses Outward freight charges Advertising expenses Travelling expenses Provision for ECL on trade receivables (Note 11) Year ended Year ended 31 December 31 December 2020 2019 RO RO 2,060,049 2,032,785 210,586 197,328 45,283 100,131 183,292 27,345 2.499,210 2.357.589 Expenses Salaries and other employee related costs General and administrative expenses Selling and distribution expenses 24 25 11.644,170 074,0941 2.499,2101 14.517.6741 11.621.16) (434,2691 (2,157,50 14.413,011 23 Salaries and other employee related costs Year ended Year ended 31 December 31 December 2020 2019 RO RO 2.956,622 2,821,116 125,760 111,698 Salaries, wages and allowances Cost of employees ' benefit tlabilities (Note 19) Contributions to defined contribution retirement plan for Omani employees Other benefits and expenses (Note 18) Less: Included under cost of sales (Note 21) 87,045 336,265 3.505,697 (1,861,322) 1.644.370 119,122 375,415 3.427,35T (1.806,188) 1,621,163