Required:

Calculate Group($)

Ref Ref Group (S) Galway Ltd ($) 180 000 (88 000) 92 000 24 000 90 000 Dublin Ltd (S) 131 000 (58 000) 73 000 Adjustments Dr ($) Cr ($) 25,000 24,250 2 286,000 -121,750 2 4 5 3 18.000 90,000 120,000 148 000 (12 000) (8 000) -1,143 3 lc 5,000 (40 000) 112,000 3 90,000 5 Sales revenue Cost of sales Gross profit Dividend revenue Service fee revenue Proceeds from sale of equipment Depreciation Impairment loss - Goodwill Carrying amount of equipment sold Service fee expense Other expenses Profit before tax Less: Income tax expense Profit for the year Retained earnings (1/7/19) Dividend paid Dividend declared Retained earnings (30/6/20) Share capital General reserve BCVR Shareholders' equity (32 000) 162 000 (48 600) (90 000) (15 000) 68 000 (20 400) 3 -343 2,625 2 113 400 72 000 47 600 80 000 la 80,000 (18 000) 18,000 4 - (26,000) 159 400 109 600 165 000 30 000 * |||| 95 000 25 000 la la la 95,000 25.000 40,000 40,000 la 354 400 229 600 3 000 9 000 Liabilities Accounts payable Other Payables Dividend payable Deferred Tax liability Total liabilities Total liabilities & Equity 37 000 24 600 26 000 50 000 11 000 -343 3 137 600 492 000 23 000 252 600 Galway Ltd ($) Re f Dr (S) Dublin Ltd ($) Cr($) Re f Group (S) Assets Cash Accounts receivable Dividend receivable 25 000 12 000 52 000 22 600 8 000 9 000 45 000 240 000 12 000 22 000 750 240,000 2 la Other receivables Inventories Investment in Dublin Ltd Land Equipment Acc'd depreciation Buildings Acc'd depreciation Goodwill Less: Acc'd imp't loss - Goodwill Deferred tax asset 52 000 60 000 (38 000) 55 000 (20 000) 3 3 8,000 -1,143 84 000 78 000 (26 000) 62 000 (15 000) 5 000 la 40,000 5,000 1b 2 2,625 Total assets 492.000 252 600