Question
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME OF TISHA FINANCIAL SERVICES LIMITED FOR THE YEAR ENDED 31 DECEMBER 20.11 Revenue 5,700,000 Cost of
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME OF TISHA FINANCIAL SERVICES LIMITED | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 20.11 | ||||||||||
Revenue | 5,700,000 | |||||||||
Cost of sales | -3,800,000 | |||||||||
Gross Profit | 1,900,000 | |||||||||
Distribution expenses | 303 000 + (1 200 000 20% = 240 000) | -543,000 | ||||||||
Administrative expenses | 324 000 + [(280 000 - 122 500) 25% = 39 375) | -363,375 | ||||||||
Other operating expenses | 102700 + (102 000 - 52 000) | -152,700 | ||||||||
Finance cost | -120,000 | |||||||||
Profit before tax | 720,925 | |||||||||
Income Tax Expense | (720 925 28%) | -201,859 | ||||||||
Profit for the year | 519,066 | |||||||||
Other comprehensive income | ||||||||||
Revaluation surplus | (3 500 000 - 2 800 000) | 700,000 | ||||||||
Total other comprehensive income, net of tax | 700,000 | |||||||||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,219,066 |
REQUIRED:
Using the financial statement provided above, provide an in depth analysis of the firm with refference to RISK AND UNCERTAINTY IN DECISION MAKING
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