BREAD LIMITED EXTRACT FROM THE TRIAL BALANCE AS AT 30 JUNE 20x9 Debit R Credit 600 000 200 000 335 500 195 053 1 688 265 750 Ordinary share capital - 30/6/x8 15% Redeemable preference share capital Retained earnings - 30/6/x8 14% Debentures - 30/6/x8 Share issue expenses Profit before interest and taxation Income tax expense Bank Dividends paid: Ordinary Preference Loan Investec Bank Application account: Ordinary shares Payments to preference shareholders Interest paid on debentures 70 227 160 250 12 500 15 000 120 000 168 750 235 000 14 000 literest palu oman-vestet Dank TUUU The following information is relevant: The authorised share capital of the company consists of 800 000 ordinary shares with no par value and 800 000 redeemable preference shares with no par value. On 1 September 20x8 a capitalisation issue to ordinary shareholders was authorised on the basis of 1 share for every 12 shares already held. The amount of the capitalisation issue was R50 000. On 30 June 20x8, 300 000 ordinary shares were in issue The redeemable preference shares were issued at R0.50 each on 1 January 20x3. These shares are redeemable at a premium of 10% at the option of the company any time after 31 December 20x7. The directors resolved to redeem all of the preference shares and final dividend on 30 June 20x9. The funds for the redemption were provided by issuing 56 250 ordinary shares on 30 June 20x9 at R3 per share and the balance was provided from the company's bank account. The total cash paid to the preference shareholders has been debited to "payments to preference shareholders" (see trial balance). pay the Share issue expenses of R1 688 were incurred and paid on the ordinary shares issued on 30 June 20x9. This amount was debited to a share issue expenses account (see trial balance). The company issued 200 R1 000 14% debentures on 1 July 20x6 at 95% of their par value. Interest is payable half-yearly on 31 December and 30 June every year. The debentures are secured by a mortgage over land worth R300 000 and ere issued at effective interest rate of 15.918% compounded semi-annually. The debentures are redeemable at par on 31 December 20x9 The directors declared a final ordinary dividend of R0.10 per share on 31 July 20x9, to be paid on 31 August 20x9. There are no components of other comprehensive income. Required: To the extent the information allows, prepare the following for the year ended 30 June 20x9, in terms of International Financial Reporting Standards: 1. The statement of comprehensive income (6) 2. The statement of changes in equity (14) R Bread Limited: Statement of comprehensive income for the year ended 30 June 20x9. R Profit before interest and tax -R 49 370 Less - Interest expense RI Save All Annivers Save and Click Save and submit to save and submit. Click Save All ANSITs to save all ansters, ENG 12:03 AM Bread Limited: Statement of comprehensive income for the year ended 30 June 20x9. Profit before interest and tax Less - Interest expense: -R 49 370 Debentures - calc 1 (30 June) Debentures - calc 2 (31 December) R R Loan - calc 2 (July to February) R Loan - calc 2 (2 March to June) Profit before tax R 216 380 Income tax expense Profit for the period Other comprehensive income R 146 153 Total comprehensive income See As ZELET Bread Limited: Statement of changes in equity for the year ended 30 June 20x9 Ordinary shares Preference Total Bal at 1 Jul 20x8 shares Retained earnings R R RR 1135 500 Capitalisation issue R -Rxxxx Ordinary share issue R XOCXX Share issue costs R XOX Redemption of pref shares LR 200 000 R 20 000 -R 220 000 R Total comprehensive income -R wa Ordinary dividend -R Preference dividend RO R 384 153 R 1201214 R 817 062 Bal 30 June 20x9 See and Sub Sales BREAD LIMITED EXTRACT FROM THE TRIAL BALANCE AS AT 30 JUNE 20x9 Debit R Credit 600 000 200 000 335 500 195 053 1 688 265 750 Ordinary share capital - 30/6/x8 15% Redeemable preference share capital Retained earnings - 30/6/x8 14% Debentures - 30/6/x8 Share issue expenses Profit before interest and taxation Income tax expense Bank Dividends paid: Ordinary Preference Loan Investec Bank Application account: Ordinary shares Payments to preference shareholders Interest paid on debentures 70 227 160 250 12 500 15 000 120 000 168 750 235 000 14 000 literest palu oman-vestet Dank TUUU The following information is relevant: The authorised share capital of the company consists of 800 000 ordinary shares with no par value and 800 000 redeemable preference shares with no par value. On 1 September 20x8 a capitalisation issue to ordinary shareholders was authorised on the basis of 1 share for every 12 shares already held. The amount of the capitalisation issue was R50 000. On 30 June 20x8, 300 000 ordinary shares were in issue The redeemable preference shares were issued at R0.50 each on 1 January 20x3. These shares are redeemable at a premium of 10% at the option of the company any time after 31 December 20x7. The directors resolved to redeem all of the preference shares and final dividend on 30 June 20x9. The funds for the redemption were provided by issuing 56 250 ordinary shares on 30 June 20x9 at R3 per share and the balance was provided from the company's bank account. The total cash paid to the preference shareholders has been debited to "payments to preference shareholders" (see trial balance). pay the Share issue expenses of R1 688 were incurred and paid on the ordinary shares issued on 30 June 20x9. This amount was debited to a share issue expenses account (see trial balance). The company issued 200 R1 000 14% debentures on 1 July 20x6 at 95% of their par value. Interest is payable half-yearly on 31 December and 30 June every year. The debentures are secured by a mortgage over land worth R300 000 and ere issued at effective interest rate of 15.918% compounded semi-annually. The debentures are redeemable at par on 31 December 20x9 The directors declared a final ordinary dividend of R0.10 per share on 31 July 20x9, to be paid on 31 August 20x9. There are no components of other comprehensive income. Required: To the extent the information allows, prepare the following for the year ended 30 June 20x9, in terms of International Financial Reporting Standards: 1. The statement of comprehensive income (6) 2. The statement of changes in equity (14) R Bread Limited: Statement of comprehensive income for the year ended 30 June 20x9. R Profit before interest and tax -R 49 370 Less - Interest expense RI Save All Annivers Save and Click Save and submit to save and submit. Click Save All ANSITs to save all ansters, ENG 12:03 AM Bread Limited: Statement of comprehensive income for the year ended 30 June 20x9. Profit before interest and tax Less - Interest expense: -R 49 370 Debentures - calc 1 (30 June) Debentures - calc 2 (31 December) R R Loan - calc 2 (July to February) R Loan - calc 2 (2 March to June) Profit before tax R 216 380 Income tax expense Profit for the period Other comprehensive income R 146 153 Total comprehensive income See As ZELET Bread Limited: Statement of changes in equity for the year ended 30 June 20x9 Ordinary shares Preference Total Bal at 1 Jul 20x8 shares Retained earnings R R RR 1135 500 Capitalisation issue R -Rxxxx Ordinary share issue R XOCXX Share issue costs R XOX Redemption of pref shares LR 200 000 R 20 000 -R 220 000 R Total comprehensive income -R wa Ordinary dividend -R Preference dividend RO R 384 153 R 1201214 R 817 062 Bal 30 June 20x9 See and Sub Sales