ACC5100 CONFIDENTIAL SULUT QUESTION 2 (34 marks : 40 minutes) Selected comparative financial statement information of Syarikat Biru Sdn Bhd as follows: Syarikat Biru Sdn Bhd Comparative Statement of Comprehensive Income For the years ended December 31, 2012, 2011 and 2010 2012 2011 2010 RM RM RM Sales 198,800 166,000 143,800 Cost of goods sold 108,890 86,175 66,200 Gross profit 89,910 79,825 77,600 Selling expenses 22,680 19,790 18,000 Administrative 16,760 14,610 15,700 expenses Total expenses 39,440 34,40 33,700 Income before taxes 50,470 45,425 43,900 Income taxes 6,050 5,91 5,300 Net income 44,420 39,51 38,600 Syarikat Biru Sdn Bhd Comparative Statement of Financial Position December 31, 2012, 2011 and 2010 2012 2011 2010 RM RM RM Assets Current assets 54,860 32,660 36,300 Long term investments 0 1,700 10,600 Property, plant & 112,810 113,660 79,000 equipment, net Total assets 167,670 148,020 125,900 Liabilities and Equity Current Liabilities 23,370 19,180 16,50 0 Share Capital 46,500 46,500 37,000 Share Premium 13,850 13,850 11,300 Retained earnings 84,950 68,490 61,100 4/10