as at 31 December 2020 ASSETS Noncurrent Assets Equity investment securities Debt investment securities Investment properties Right-of-use assets Property, plant and equipment Total non-current assets Current Assets Cash and bank balances Bank deposits Trade receivables Due from contract customers Inventorie s Other assets Total current assets Total assets EQUITY AND LIABILITIES Equity Share capital Reserves Retained earnings Total equity Liabilities Lease liabilities Employees' benefits Total non-current liabilities Trade payables Lease liabilities Total current liabilities Total liabilities Total equity and liabilities Note 6 8 9b 9a 45 468642 16 b 13 15 b 14 15 a 2020 4,853,907 1,972,360 2,711,052 1,692,304 5,058,355 1,793,393 15,549,550 889,006 267,560 443,679 515,231 1,980,000 5,470,630 24,174,153 31,624,783 1,641,912 668,106 352,795 1,458,801 Bahraini Dinars 2019 4,421,021 1,975,850 2,848,733 1,766,482 5,105,845 6,067,666 8,498,355 1,879,127 2,058,139 469,604 476,215 1,980,000 4,960,866 23,840,998 30,781,864 1,681,050 684,142 869,010 1,550,971 Activate Wi Go to Settings t The Bahrain Ship Repairing and Engineering Company BSC 12 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2020 Bahraini Dinars Note 2020 2019 REVENUE Revenue from contract with customers 16 5,106,993 8,333,591 Interest income 442,330 465,330 Dividend income 250,700 233,015 Other income 17 414,600 484,189 Total revenue EXPENSES Staff cost 1,789,181 Materials cost 1,252,069 Subcontract and overhead cost 18 1,924,236 Depreciation and amortization 575,420 Other operating expenses 19 811,929 88,180 Interest expenses - leased property Total expenses Profit for the year 1,556,533 862,512 1,077.717 611,080 620,384 86,364 QUESTION 1 How much is total Cash and bank balances in thousand BD in 2019? O6,068 million BD 14,867 million BD 23,343 million BD O1,793 million BD QUESTION 2 How much is total noncurrent assets in 2020? 16,117 million BD 16,288 million BD 16,288 thousand BD 16,117 thousand BD QUESTION 3 How much is total current assets in 2020? O 35.746 million BD 19.449 million BD 19.458 million BD 35.567 million BD QUESTION 4 How much is total noncurrent assets 2020? 16,117 thousand BD 16.288 thousand BD 16,117 million BD 16,288 million BD QUESTION 5 How much is total noncurrent liabilities 2019? O 2,365 million BD O2,310 thousand BD O2,310 million BD O2,365 thousand BD QUESTION 6 How much is total current liabilities 2019? O 353 thousand BD 2.420 thousand BD 1,811 thousand BD 869 thousand BD QUESTION 7 Assume that Cost of goods sold for The Bahrain Ship Repairing and Engineering company for the year was 3.5 million BD. Calculate its gross profit for 2019. O4.833 million BD 6.016 million BD 1.607 million BD O2.715 million BD QUESTION 8 1 p What type of income statement is used by the company? Revenue based income statement. Single step income statement Multiple step income statement Expenses based income statement QUESTION 9 How much is the interest expense for 2019? O 0.86 million BD O86 thousand BD 88 thousand BD 0.88 million BD QUESTION 10 What is the long-term portion of Lease liabilities in 2020? 1.642 million BD 1.681 million BD 1.459 million BD 1.551 million BD as at 31 December 2020 ASSETS Noncurrent Assets Equity investment securities Debt investment securities Investment properties Right-of-use assets Property, plant and equipment Total non-current assets Current Assets Cash and bank balances Bank deposits Trade receivables Due from contract customers Inventorie s Other assets Total current assets Total assets EQUITY AND LIABILITIES Equity Share capital Reserves Retained earnings Total equity Liabilities Lease liabilities Employees' benefits Total non-current liabilities Trade payables Lease liabilities Total current liabilities Total liabilities Total equity and liabilities Note 6 8 9b 9a 45 468642 16 b 13 15 b 14 15 a 2020 4,853,907 1,972,360 2,711,052 1,692,304 5,058,355 1,793,393 15,549,550 889,006 267,560 443,679 515,231 1,980,000 5,470,630 24,174,153 31,624,783 1,641,912 668,106 352,795 1,458,801 Bahraini Dinars 2019 4,421,021 1,975,850 2,848,733 1,766,482 5,105,845 6,067,666 8,498,355 1,879,127 2,058,139 469,604 476,215 1,980,000 4,960,866 23,840,998 30,781,864 1,681,050 684,142 869,010 1,550,971 Activate Wi Go to Settings t The Bahrain Ship Repairing and Engineering Company BSC 12 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2020 Bahraini Dinars Note 2020 2019 REVENUE Revenue from contract with customers 16 5,106,993 8,333,591 Interest income 442,330 465,330 Dividend income 250,700 233,015 Other income 17 414,600 484,189 Total revenue EXPENSES Staff cost 1,789,181 Materials cost 1,252,069 Subcontract and overhead cost 18 1,924,236 Depreciation and amortization 575,420 Other operating expenses 19 811,929 88,180 Interest expenses - leased property Total expenses Profit for the year 1,556,533 862,512 1,077.717 611,080 620,384 86,364