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Interpret the following statement of changes in equity into an easy to understand presentation ANNUAL STATEMENT OF CHANGES IN FUNDS Total equity Accumulated funds NS
Interpret the following statement of changes in equity into an easy to understand presentation
ANNUAL STATEMENT OF CHANGES IN FUNDS Total equity Accumulated funds NS NS Balance at 01 April 2018 681,262 681,262 Surplus for the year 1.684.924 1,684,924 Other comprehensive income Total comprehensive income for the year 1,684,924 1,684,924 Balance at Ol April 2019 2,366,183 2,366,183 Surplus for the year 1.808,475 1.808.475 Other comprehensive income Total comprehensive income for the year 1,808,475 1,808,475 Balance at 31 March 2020 4,174,658 4,174,658 Note(s) The accounting policies on pages 11 to 14 and the notes on pages 15 to 17 form an integral part of the annual financial statements. * The translation deficit represents the cumulative position of translation gains and losses arising from the conversion of the net assets of the foreign subsidiary companies, and also the long term loan to a subsidiary company, to the reporting currencyStep by Step Solution
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