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Company ABC: Financial Data for 2018 Income Statement Smillion Additional information: Sales 5000.0 Dividends Received 200.0 Total Revenue 5200.0 Cost of Good Solds 2000.0 Selling,
Company ABC: Financial Data for 2018 Income Statement Smillion Additional information: Sales 5000.0 Dividends Received 200.0 Total Revenue 5200.0 Cost of Good Solds 2000.0 Selling, General & Administration Expenses 750.0 Depreciation 350.0 Date of exercise Goodwill Impairment Charge 120.0 Ordinary Shares Number of issued shares (million) Share price Executive Options Number of executive options (million) Option exercise price 800 $6.50 Total Costs 3220.0 EBIT 1980.0 Other: Net Interest Pre-Tax Profit Tax Expense 280.0 Company's borrowing cost 7.0% 1700.0 Company's marginal tax rate 35% 557.0 Net Profit 1143.0 Minority interest 15.0 -Goodwill impairment charge was not tax deductable -Assume book value is a reasonable estimate of market value for other claims and assets Net Profit Attributable to Ordinary Shareholders 1158.0 Ordinary Dividends 50.0 Balance Sheet Property, Plant and Equipment Working Capital 2000.0 $80.0 Equity Investments Assets Debt Other Liabilities 600.0 3450.0 900.0 580.0 Total Equity 2000.0 Total Funds 3480.0 Total Equity comprises: Ordinary Equity 1975.0 Minority Interest 25.0 Total Equity 2000.0 Tax Statement Reported pre-tax profit Prima Facie Tax at Company Tax Rate Tax Effect of Non-deductable Amounts -Goodwill Impairment Charge 1700.0 595.0 42.0 Tax Expense on Profit for Period 637 Prior Tax Losses Brought To Account -80.0 Tax Expense In Income Statement 557.0
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