Answer for Kuwait Remal Real Estate Company

1. What was the Total Assets for the company as at December 31, 2019? (10 Points)
2. What was the Total Liabilities for the company as at December 31, 2019?

(Hint: If the Total Liabilities is not given separately, use the accounting equation to calculate it: T. Liabilities= T. Assets-T. Equity)

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3. List at least three expenses with their amounts for 2019.

d. What was the Net Profit (Net Income or Profit of the year)/ Net Loss for the company in 2018?

e. Comparing the Net Profit in two years (2018 & 2019), state weather the Net Profit was increasing or decreasing.

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please help me answering correctly :)

Kuwait Remal Real Estate Company K.S.C.P. State of Kuwait Statement of financial position As at 31 December 2019 Note 2019 K.D 2018 KD Assets: Non-current assets Property and equipment Investment properties Financial assets at fair value through other comprehensive income Total non-current assets 7 9,903 36,339,000 3,354 37,723,000 8 3,277,500 39,626,403 3,862, 130 41,588,484 Current assets Trade receivables and other debit balances Cash and cash equivalents Total current assets Total assets 9 10 17,211,041 26,183 17,237,224 56,863,627 15,880,422 2,902 15,883 324 57,471,808 Equity and liabilities: Equity Capital Statutory reserve Voluntary reserve Cumulative changes in fair value Accumulated losses Total equity 11 12 13 30,613,000 3,049,347 3,494,027 (584,630) (16,284,837) 20,286,907 30,613,000 3,049,347 3,494,027 (14,056,046) 23,100,328 Liabilities Non-current liabilities Provision for end of service indemnity Total non-current liabilities 83,619 83,619 74,923 74,923 Current liabilities Term loans Murabaha payable Other credit balances Total current liabilities Total liabilitles Total equity and liabilities 14 15 16 24,417,681 1,478,947 10,596,473 36,493,101 36,576,720 56,863,627 24,417,681 1,530,920 8,347,956 34,296,557 34,371,480 57,471,808 Khalifa Abdullah Afi 4 -Nassar Chairmore MAL The accompanying notes on pages 9 to 36 form an integral part of these financial statements. 5 ALSOOR