SUNRISE

DRAFT GROUPSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020

	$m
Revenue	4,700
Cost of Sales	(3,400)
Gross profit	1,300
Distribution and administrative expenses	(600)
Finance costs	(40)
Share of profit in associate	20
Profit before tax	680
Income tax expense	(200)
Profit for the year	480
Other comprehensive income
Foreign exchange difference of associate	(5)
Impairment losses on property, plant and equipment offset against revaluation surplus	(95)
Total comprehensive income for the year	380
Profit attributable to
Owners of the parent	455
Non-controlling	25
	480
Total comprehensive income attributable to
Owners of the parent	355
Non-controlling interest	25
	380

ACCT 3041 Case Study Due Thursday November 25 @ 11:55 PM 30% of the final grade The following draft financial statements relate to Sunrise, a public limited company: SUNRISE DRAFT GROUP STATEMENTS OF FINANCIAL POSITION AT 30 JUNE 2020 2020 $m 2019 $m Assets: Non-Current Assets: Property, plant, and equipment Goodwill Investment in associate 1,315 30 270 1,615 1,005 25 290 1,320 Current Assets Inventory Trade receivables Cash at Bank and cash equivalents 650 610 50 1,310 2,925 580 530 140 1,250 2,570 Total Assets 100 Equity and liabilities Equity Share capital Share premium account Revaluation reserve Retained earnings 30 50 254 434 60 Non-controlling interest Total equity Non-current liabilities Current liabilities Total liabilities Total equity and Liabilities 85 15 145 250 495 45 540 600 1,430 2,030 2,570 494 850 1,581 2,431 2.925 ACCT 3041 Case Study Due Thursday November 25 @ 11:55 PM 30% of the final grade The following draft financial statements relate to Sunrise, a public limited company: SUNRISE DRAFT GROUP STATEMENTS OF FINANCIAL POSITION AT 30 JUNE 2020 2020 $m 2019 $m Assets: Non-Current Assets: Property, plant, and equipment Goodwill Investment in associate 1,315 30 270 1,615 1,005 25 290 1,320 Current Assets Inventory Trade receivables Cash at Bank and cash equivalents 650 610 50 1,310 2,925 580 530 140 1,250 2,570 Total Assets 100 Equity and liabilities Equity Share capital Share premium account Revaluation reserve Retained earnings 30 50 254 434 60 Non-controlling interest Total equity Non-current liabilities Current liabilities Total liabilities Total equity and Liabilities 85 15 145 250 495 45 540 600 1,430 2,030 2,570 494 850 1,581 2,431 2.925 ACCT 3041 Case Study Due Thursday November 25 @ 11:55 PM 30% of the final grade The following draft financial statements relate to Sunrise, a public limited company: SUNRISE DRAFT GROUP STATEMENTS OF FINANCIAL POSITION AT 30 JUNE 2020 2020 $m 2019 $m Assets: Non-Current Assets: Property, plant, and equipment Goodwill Investment in associate 1,315 30 270 1,615 1,005 25 290 1,320 Current Assets Inventory Trade receivables Cash at Bank and cash equivalents 650 610 50 1,310 2,925 580 530 140 1,250 2,570 Total Assets 100 Equity and liabilities Equity Share capital Share premium account Revaluation reserve Retained earnings 30 50 254 434 60 Non-controlling interest Total equity Non-current liabilities Current liabilities Total liabilities Total equity and Liabilities 85 15 145 250 495 45 540 600 1,430 2,030 2,570 494 850 1,581 2,431 2.925 ACCT 3041 Case Study Due Thursday November 25 @ 11:55 PM 30% of the final grade The following draft financial statements relate to Sunrise, a public limited company: SUNRISE DRAFT GROUP STATEMENTS OF FINANCIAL POSITION AT 30 JUNE 2020 2020 $m 2019 $m Assets: Non-Current Assets: Property, plant, and equipment Goodwill Investment in associate 1,315 30 270 1,615 1,005 25 290 1,320 Current Assets Inventory Trade receivables Cash at Bank and cash equivalents 650 610 50 1,310 2,925 580 530 140 1,250 2,570 Total Assets 100 Equity and liabilities Equity Share capital Share premium account Revaluation reserve Retained earnings 30 50 254 434 60 Non-controlling interest Total equity Non-current liabilities Current liabilities Total liabilities Total equity and Liabilities 85 15 145 250 495 45 540 600 1,430 2,030 2,570 494 850 1,581 2,431 2.925