Additional information:

Transfer $$10,500,000$ to General reserves.

On March $31,2017$ Ezekiel Ltd issued $500,000$ shares $$1$ nominal value for $$3\mathrm{.}60$

each.

Four motor vehicles with a net book value of $$23,200,000$ was sold for $$30,000,000$

on March $31,2017.$ The buyer made a direct transfer in full to Brown Limited's

bank account. This transaction is not yet reflected in the accounts.

Corporation tax is estimated at $$33,900,000$ for the financial year ended March $31,$

This information is not yet reflected in the accounts.

Legal fees for the financial year ended March $31,2017$ amounted to $$18,800,000.$

This amount is unpaid and is not yet reflected in the accounts. Legal fees should be

classified under administrative costs.

The company received a $10\%$ long term loan of $$500,000,000$ on $1$ April $2013.$ On

March $31$ each year $$100,000,000$ is paid on the principal portion of the loan with

interest due on March $31$ each year. Interest is calculated on a reducing balance

method. For financial year March $31,2017$ the transactions related to the loans are

not yet reflected in the accounts

No loan payment was outstanding on March $31,2017.$ No interest payment was

outstanding on April $1,2016.$

Distribution costs prepaid on March $31,2017$ amounted to $$2,200,000.$ The

prepayment is not yet reflected in the accounts.

The current portion of the long$-$term receivable amounted to $$20,000,000$ on March

$31,2017.$

Weighted average number of ordinary shares for the year was $625,000.$

Required:

i$.$ Find earnings per share.

$($a$)$ Prepare the Statement of Comprehensive Income for the year ended March $31,2017.$

$($b$)$ Prepare the Statement of Changes in Equity for the year ended March $31,2017$

$($c$)$ Prepare the Statement of Financial Position as at March $31,2017.$ The format should reflect total assets

$(11$ marks$)$

$(8$ marks$)$

$(16$ marks$)$