Melbourne Ltd

Statement of Comprehensive Income for reporting period ended 30 June 2016

Revenues from ordinary activities$100,000

Expenses from ordinary activities (excluding borrowing costs expense) *$93,000

Finance costs$1,000

Profit from ordinary activities before income tax expense$6,000

Income tax expense relating to ordinary activities$4,000

Profit after tax$2,000

* Expenses from ordinary activities included:

Cost of goods sold$55,000

Wages and salaries$25,000

Rent$4,000

Power and light$1,000

Advertising$3,000

Depreciation$5,000

Required:

Prepare value added statement for Melbourne Limited at 30/06/2016.