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Elite Diagnostics Limited, with registered office in Kingston Jamaica, commenced operations in August 2013 and listed its shares on the Jamaica Junior Stock Exchange in
Elite Diagnostics Limited, with registered office in Kingston Jamaica, commenced operations in August 2013 and listed its shares on the Jamaica Junior Stock Exchange in 2018. The company's General Ledger account balances for the financial years ending June 30, 2020 and 2021 are presented in the following table ($million) Cash & Equivalents Company Income Tax Current Portion LT Debts Depreciation Expense Accumulated Depreciation - Eqpt & Technology Eqpt & Technology - Cost/Valuation FE, Fees & Licence Expenses Interest Expense Accumulated Depreciation - Land, Building, F&F Land, Building, F&F - Cost/Valuation Long-Term Liabilities Other Expenses Payables & Accruals Prepayments Receivables Retained Earnings Revenue Share Capital Staff Costs Supplies & Materials Expense Utilities Expense 2021 $64.00 $0.00 $61.20 $102.10 $294.70 $744.60 $18.50 $20.90 $86.00 $223.50 $147.70 $50.60 $29.80 $7.20 $41.80 $112.80 $506.90 $348.90 $88.20 $178.60 $46.10 2020 $39.20 $0.00 $15.10 $88.20 $224.20 $663.40 $12.90 $20.70 $54.40 $218.40 $207.80 $43.30 $7.80 $6.60 $41.50 $110.90 $439.80 $348.90 $67.10 $161.50 $37.60 ASSIGNMENT 1. Prepare a Balance Sheet for each year 2. Prepare an Income Statement for each year 3. Prepare a detailed Source & Use of Funds Statement for 2021 4. What is the cash generated by the company in each year 5. Comment on the Financial performance and status of Elite 30 marks 30 marks 15 marks 10 marks 15 marks END
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