Question
Statement of Financial Position as at 31 December 2019 ASSETS Non-Current Assets Plant and Equipment Motor Vehicles Current Assets Inventories Trade Receivables Cash at
Statement of Financial Position as at 31 December 2019 ASSETS Non-Current Assets Plant and Equipment Motor Vehicles Current Assets Inventories Trade Receivables Cash at Bank Total Assets EQUITY AND LIABILITIES Equity 1.50 Ordinary Shares General Reserve Retained Earnings Non-Current Liabilities 12% Loan Notes Current Liabilities 000 832.80 279.90 1112.70 439.80 765.45 27.60 1232.85 2345.55 600.00 78.30 570.30 1248.60 375.00 Trade Payables 625.95 Tax 96.00 721.95 Total Equity and Liabilities 2345.55 Income Statement for the year ended 31 December 2019 000 Revenue 7811.70 Operating Profit 813.00 Interest 45.00 Profit Before Tax 768.00 Tax at 25% Profit After Tax 192.00 576.00
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