ASSESSMENT TASK 02 - CASE STUDY pty Ltd has been in the business for few years. In order to expand the business, it equires external funding from the Bank. On receiving the loan request, the bank has asked he firm supply it with complete Financial Statements and its Performance Report. The accountant of the ABC Pty Ltd has just prepared the following Financial Statements. ABC Pty Ltd Statement Of Financial Performance for the year ended 30 June 2018 Budget 108,000 Actual Variance X of Budget FIU (All sales are credit sales) Less Cost of Goods Sold Inventory (11712017) Purchases Inventory (3016/2018) Gross Profit Less Operating Expenses Marketing Advertising Distribution Depreciation Vehicles Administrative Insurance Depreciation Plant Salaries and wages Telephone Rent Financial Loan interest Total Operating Expenses FNS.ACCSI 02 ao 8,500 49,500 58,000 9,200 1,700 8,500 4,000 1,100 2,500 15600 2,300 10,600 2,620 8,500 43,550 52,050 48,800 10,750 102,000 ooo 41,300 -7.500 -15.30 60,700 59,200 14,200 32,000 2,620 48,820 1,900 7,950 4,000 1,250 2,520 14,950 1,800 10,750 2,590 -550 -350 13,850 31,270 2,590 13.6 -1.1