Prepare the Statement of Financial Position, the Income Statement and the Statement of Changes in Equity for the year ended 31 December 2021 for the directors.
(26 marks)
hiat dus in Apre 2022 . 16. Aa a consequence of an impairment decision goodwit has toetn seovoed ty cs. 000.000 N. A court case is curtently going through the courts in which Thompson Lt: ts being sued by an employee due to an injury at work in 2021, wi which the solicitors estimate they will have to pay oit 82,000,000 and that th to probable it will lose the court case: v. Depreciation (all based on reducing balance): a) Otfice Equipment - 18% b) Buitding Machinery - 14% c) Construction Vehicles - 12% vi. 56,000,000 of the trade receivable figure is considered unrecoveratie and shouls be witten-off as bad debts. vii. 4,000,000 of administrative expenses included in the trial balance is actually a prepayment for 2022 financlal year. viik. Dividends were distributed to shareholders during the financial year to a value of L6, 000,000 in cash. ix. A 1 for 2 bontus issue was given to shareholders. The bonus issue should be made using a revente reserve. yoar ending of 31Bt of December 2021 : Page 2 of 10 University of London 2022 hiat dus in Apre 2022 . 16. Aa a consequence of an impairment decision goodwit has toetn seovoed ty cs. 000.000 N. A court case is curtently going through the courts in which Thompson Lt: ts being sued by an employee due to an injury at work in 2021, wi which the solicitors estimate they will have to pay oit 82,000,000 and that th to probable it will lose the court case: v. Depreciation (all based on reducing balance): a) Otfice Equipment - 18% b) Buitding Machinery - 14% c) Construction Vehicles - 12% vi. 56,000,000 of the trade receivable figure is considered unrecoveratie and shouls be witten-off as bad debts. vii. 4,000,000 of administrative expenses included in the trial balance is actually a prepayment for 2022 financlal year. viik. Dividends were distributed to shareholders during the financial year to a value of L6, 000,000 in cash. ix. A 1 for 2 bontus issue was given to shareholders. The bonus issue should be made using a revente reserve. yoar ending of 31Bt of December 2021 : Page 2 of 10 University of London 2022