i)Statement of Profit & Loss Account & Other Comprehensive Income for the year ended 31 December 2019

ii)Statement of Changes in Equity for the year ended 31 December 2019

iii) Statement of Financial Position at 31 December 2019 with comparative figures for

iv) Statement of Cash Flows for the year ended 31 December 2019 using the Indirect Method

DERBY LIMITED The Company works in the Tourism industry in Mauritius. It started operations on 1 January 2018 and the following ledger balances appear in the books of accounts after the dosing of the Final Accounts as at 31 December 2018 LEDGER BALANCES AS AT 31 DECEMBER 2018 RS 000S RS 000's 2.500 3,500 1,500 5,000 4,000 2.500 500 3,000 1,500 Trade Debtors Share Capital Motor Vehicles (At Cost) Property (at Cost) 10% Debentures Plant & Machinery (At Cost) Share Premium Trade Creditors Inventory Income Tax Payable Plant & Machinery (Agg. Depreciation) Retained Earnings Furniture & Fittings (At Cost) Other Receivables Furniture & Fittings (Agg Depreciation) General Reserve Motor Vehicles (Agg Depreciation) Bank Other Creditors 70 475 1,000 500 45 100 300 600 Additional Information The Debentures were raised in April 2018 and the repayment is in 10 equal yearly instalments. The 1 first instalment and the payment of Interest to them were made on 31 March 2019. 2 The depreciation policy of the company is as follows: Plant & Machinery 10% on Reduced Balance Method Furniture & Fittings 10% on Straight Line Method Motor Vehicles 20% on Straight Line Method The Company charges a full year depreciation in the year of purchase and none in the year of Included in the purchases is the acquistion of an imported second-hand vehicle on 1 April 2019 for 3 Rs 450,000 that was settled by cheque 4 Included in the Sales is the dispoal of furniture for Rs 50,000 that was settled by cheque The cost of the furniture disposed was Rs 100,000 and its aggregate depreciation was Rs 20,000 5 6 The Expenses paid during the year are made up of the following: RS Administrative Salaries 1,200,000 Rent, Rates & Taxes 300,000 Electricity & Telephone 150,000 Printing & Stationary 50,000 Licenses & Insurances 25,000 Motor Vehicle Expenses 150,000 Salesmen Salaries 240,000 Salesmen Commission 35,000 Carriage Outwards 30,000 Audit fees 50,000 2,230,000 7 The Motor Vehicles were exclusively used by the Salesmen Closing Stock is valued at Rs 3,800,000 at Cost using the FIFO method and its Net Realisable Value is 8 R$ 3,500,000 Included in the insurances is a Motor Insurance policy for Rs 12,000 for the period 1 April 2019 to 1 9 31 March 2020 Included in Debtors at 31 December 2018 is a Provision for Bad & Doubtful Debts of Rs100,000 10 Included in Carriage Outwards is an amount of Rs 10,000 paid for transporting goods from the 11 supplier to the company's warehouse 12 Make a Provision of 5% on Debtors for Bad & Doubtful Debts at 31 December 2019 13 The following bills were due but unpaid at 31 December 2019: RS Electricity & Telephone 30,000 Rent 20,000 14 A Provision of Rs 60,000 is to be made for Corporate Taxation and Rs 75,000 for Audit fees Discount received of Rs 10,000 from Suppliers and Discount Allowed of Rs 15,000 were not 15 recorded in the books of accounts 16 Dividend Proposed Rs 150,000 100 100 13,645 13,645 During the year to 31 December 2019, the summary of transactions is as follows: Credit RS Issue of Shares Payment to Debenture Holders on 31 Mar 2019) Interest paid on Debenture on 31 Mar 2019) Received from Trade Debtors Payment to Trade Creditors Expenses Income Tax paid Sales Purchases Dividend Paid Property Revalued at Rs 6,500,000 Bank RS 1,000,000 400.000 400,000 7,300,000 5.000.000 2.230.000 70,000 1,500,000 1.450,000 100,000 8,500,000 8,000,000 DERBY LIMITED The Company works in the Tourism industry in Mauritius. It started operations on 1 January 2018 and the following ledger balances appear in the books of accounts after the dosing of the Final Accounts as at 31 December 2018 LEDGER BALANCES AS AT 31 DECEMBER 2018 RS 000S RS 000's 2.500 3,500 1,500 5,000 4,000 2.500 500 3,000 1,500 Trade Debtors Share Capital Motor Vehicles (At Cost) Property (at Cost) 10% Debentures Plant & Machinery (At Cost) Share Premium Trade Creditors Inventory Income Tax Payable Plant & Machinery (Agg. Depreciation) Retained Earnings Furniture & Fittings (At Cost) Other Receivables Furniture & Fittings (Agg Depreciation) General Reserve Motor Vehicles (Agg Depreciation) Bank Other Creditors 70 475 1,000 500 45 100 300 600 Additional Information The Debentures were raised in April 2018 and the repayment is in 10 equal yearly instalments. The 1 first instalment and the payment of Interest to them were made on 31 March 2019. 2 The depreciation policy of the company is as follows: Plant & Machinery 10% on Reduced Balance Method Furniture & Fittings 10% on Straight Line Method Motor Vehicles 20% on Straight Line Method The Company charges a full year depreciation in the year of purchase and none in the year of Included in the purchases is the acquistion of an imported second-hand vehicle on 1 April 2019 for 3 Rs 450,000 that was settled by cheque 4 Included in the Sales is the dispoal of furniture for Rs 50,000 that was settled by cheque The cost of the furniture disposed was Rs 100,000 and its aggregate depreciation was Rs 20,000 5 6 The Expenses paid during the year are made up of the following: RS Administrative Salaries 1,200,000 Rent, Rates & Taxes 300,000 Electricity & Telephone 150,000 Printing & Stationary 50,000 Licenses & Insurances 25,000 Motor Vehicle Expenses 150,000 Salesmen Salaries 240,000 Salesmen Commission 35,000 Carriage Outwards 30,000 Audit fees 50,000 2,230,000 7 The Motor Vehicles were exclusively used by the Salesmen Closing Stock is valued at Rs 3,800,000 at Cost using the FIFO method and its Net Realisable Value is 8 R$ 3,500,000 Included in the insurances is a Motor Insurance policy for Rs 12,000 for the period 1 April 2019 to 1 9 31 March 2020 Included in Debtors at 31 December 2018 is a Provision for Bad & Doubtful Debts of Rs100,000 10 Included in Carriage Outwards is an amount of Rs 10,000 paid for transporting goods from the 11 supplier to the company's warehouse 12 Make a Provision of 5% on Debtors for Bad & Doubtful Debts at 31 December 2019 13 The following bills were due but unpaid at 31 December 2019: RS Electricity & Telephone 30,000 Rent 20,000 14 A Provision of Rs 60,000 is to be made for Corporate Taxation and Rs 75,000 for Audit fees Discount received of Rs 10,000 from Suppliers and Discount Allowed of Rs 15,000 were not 15 recorded in the books of accounts 16 Dividend Proposed Rs 150,000 100 100 13,645 13,645 During the year to 31 December 2019, the summary of transactions is as follows: Credit RS Issue of Shares Payment to Debenture Holders on 31 Mar 2019) Interest paid on Debenture on 31 Mar 2019) Received from Trade Debtors Payment to Trade Creditors Expenses Income Tax paid Sales Purchases Dividend Paid Property Revalued at Rs 6,500,000 Bank RS 1,000,000 400.000 400,000 7,300,000 5.000.000 2.230.000 70,000 1,500,000 1.450,000 100,000 8,500,000 8,000,000