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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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