Brady Co produced bats and sold gloves However, half way through the year ended 31 March 20X6, the gloves business was closed and the assets sold off, incurring losses on the disposal of non current assets of $73,000 and redundancy costs of $35,000 The directors reorganised the continuing business at a cost of $95,000 Trading results are summarized as follows Bat S'000 Gloves S'000 220 140 550 300 Revenue Cost os sales Distribution Administration 70 80 110 130 Other trading information (to be allocated to continuing operations) is as follows S'000 Finance cost 19 Tax 32 Required (a) Draft the statement of profit or loss for the year ended 31 March 20X6 (17 marks)

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Brady Co  produced bats and sold gloves  However, half way through the year ended 31 March 20X6, the gloves business was closed and the assets sold off, incurring losses on the disposal of non current assets of $73,000 and redundancy costs of $35,000  The directors reorganised the continuing business at a cost of $95,000  Trading results are summarized as follows  Bat S'000 Gloves S'000 220 140 550 300 Revenue Cost os sales Distribution Administration 70 80 110 130 Other trading information (to be allocated to continuing operations) is as follows  S'000 Finance cost 19 Tax 32 Required  (a) Draft the statement of profit or loss for the year ended 31 March 20X6  (17 marks)

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Brady Co. produced bats and sold gloves. However, half way through the year ended 31 March 20X6, the gloves business was closed and the assets

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