Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do i work out the 'credit sales revenue' and 'credit purchases' with this information? STATEMENT OF PROFIT OR LOSS for the financial year ended

image text in transcribed

How do i work out the 'credit sales revenue' and 'credit purchases' with this information?

image text in transcribedimage text in transcribed
STATEMENT OF PROFIT OR LOSS for the financial year ended 30 June 2017 Consolidated 2017 2016 Notes $m $m Revenue 5,628.0 3,954.5 Cost of sales (4,397.5) (3,089.1) Gross profit 1,230.5 865.4 Other income 2.0 0.6 Sales and marketing expenses (580.1) (404.6) Occupancy expenses (248.6) (173.8) Administration expenses (36.2) (27.2) Acquisition transaction and implementation expenses (22.4) Other expenses (75.3) (38.7) Finance costs 5 (10.7) 3.9) Profit before tax 259.2 217.8 Income tax expense 6 (86.8) (65.6) Profit for the year attributable to Owners of the Company 172.4 152.2 Cents Cents Earnings per share Basic (cents per share) 154.30 151.90 Diluted (cents per share) 152.94 150.30ASSETS Current assets Cash and cash equivalents 72.8 $1.9 Trade and other receivables 196.6 38.0 Inventories 859.9 546.4 Other current assets 41.4 6.1 Total current assets 1,170.7 702.4 Non-current assets Plant and equipment 208.2 183.6 Deferred tax assets 7.8 Intangible assets 1,026.6 98.5 Other non-current assets 46.8 Total non-current assets 1,281.6 289.9 Total assets 2,452.3 992.3 LIABILITIES Current liabilities Trade and other payables 12 647.8 339.9 Deferred revenue 13 141.8 45.1 Provisions 14 75.4 46.0 Other current liabilities 15 9.0 4.9 Current tax liabilities 11.8 10.9 Total current liabilities 885.8 446.8 Non-current liabilities Borrowings 17 558.8 109.7 Deferred revenue 13 99.6 Deferred tax liabilities 8.2 Provisions 14 11.8 6.4 Other non-current liabilities 15 34.6 24.7 Total non-current liabilities 713.0 140.8 Total liabilities 1,598.8 587.6 Net assets 853.5 404.7 EQUITY Contributed equity 18 438.7 49 3 Reserves 19 33.2 27.1 Retained earnings 381.6 328.3 Total equity 853.5 404.7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra C Jeter, Paul K Chaney

5th Edition

1118022297, 978-1118022290

More Books

Students also viewed these Accounting questions