The following balances have been extracted from the Trial Balance of OBEROI - MUMBAI Limited at 31 December 2012. R Land and Buildings 400 000 Motor vehicles 80 000 Fixed Deposit 130 000 Inventory (01/01/2012) 20 000 Trade and other receivables 15 000 Cash and cash equivalents 22 500 Petty cash 9 200 Issued Share capital 570 000 Retained Earnings (01/01/2012) 175 000 Mortgage Loan : Da Bank 250 000 Revaluation surplus (01/01/2012) 20 000 Revenue: sale of goods 300 000 Sales Returns 10 000 Royalty income 20 000 Revenue: Services rendered 20 000 Rent Received 52 000 Purchases 50 000 Interest expense 10 000 Transport on Purchases 5 000 Loss on sale of motor vehicles 35 000 Other expenses 66 000 Depreciation expenses 20 000 ADDITIONAL INFORMATION:- Share capital consisted of 420 000 ordinary shares of R1 each and 150 000 5% preference shares of R1 each. Interest on the mortgage loan must be provided for at 10% per annum. Closing inventory for the year amounted to R7 000. > Oberoi - Mumbai Limited receives interest at 8% per annum on a fixed deposit at Taj Bank in Bangalore. The directors paid an ordinary dividend of 10 cents per ordinary share. The land was revalued upwards by R62 000 but the accountant was unsure what to credit and thus simply credited 'revaluation surplus increase'. There are no tax consequences relating to this revaluation surplus increase. Taxation for the year amounted to R 24 000 FINANCIAL ACCOUNTING 2 MODULE 1 SUPPLEMENTARY EXAMINATION QUESTION PAPER 2013 The company issued a further 10 000 fully paid - up shares to its existing shareholders in proportion to their existing shareholding at the current market price of RO, 50 each. Other expenses include audit fees of R2 500, audit expenses of R 8 000, directors remuneration of R 5 500. Depreciation expenses consist of depreciation on motor vehicles of R 9 450 and depreciation on buildings of R 10 550. REQUIRED: 1.1. (13 Marks) 1.2. Prepare the Statement of Comprehensive Income for Oberoi Mumbai Limited for the year ended 31 December 2012. Prepare the Statement of Change in Equity for Oberoi - Mumbai Limited for the year ended 31 December 2012. Drenare the following notes only for the vaar 31 December (5 Marks) The following balances have been extracted from the Trial Balance of OBEROI - MUMBAI Limited at 31 December 2012. R Land and Buildings 400 000 Motor vehicles 80 000 Fixed Deposit 130 000 Inventory (01/01/2012) 20 000 Trade and other receivables 15 000 Cash and cash equivalents 22 500 Petty cash 9 200 Issued Share capital 570 000 Retained Earnings (01/01/2012) 175 000 Mortgage Loan : Da Bank 250 000 Revaluation surplus (01/01/2012) 20 000 Revenue: sale of goods 300 000 Sales Returns 10 000 Royalty income 20 000 Revenue: Services rendered 20 000 Rent Received 52 000 Purchases 50 000 Interest expense 10 000 Transport on Purchases 5 000 Loss on sale of motor vehicles 35 000 Other expenses 66 000 Depreciation expenses 20 000 ADDITIONAL INFORMATION:- Share capital consisted of 420 000 ordinary shares of R1 each and 150 000 5% preference shares of R1 each. Interest on the mortgage loan must be provided for at 10% per annum. Closing inventory for the year amounted to R7 000. > Oberoi - Mumbai Limited receives interest at 8% per annum on a fixed deposit at Taj Bank in Bangalore. The directors paid an ordinary dividend of 10 cents per ordinary share. The land was revalued upwards by R62 000 but the accountant was unsure what to credit and thus simply credited 'revaluation surplus increase'. There are no tax consequences relating to this revaluation surplus increase. Taxation for the year amounted to R 24 000 FINANCIAL ACCOUNTING 2 MODULE 1 SUPPLEMENTARY EXAMINATION QUESTION PAPER 2013 The company issued a further 10 000 fully paid - up shares to its existing shareholders in proportion to their existing shareholding at the current market price of RO, 50 each. Other expenses include audit fees of R2 500, audit expenses of R 8 000, directors remuneration of R 5 500. Depreciation expenses consist of depreciation on motor vehicles of R 9 450 and depreciation on buildings of R 10 550. REQUIRED: 1.1. (13 Marks) 1.2. Prepare the Statement of Comprehensive Income for Oberoi Mumbai Limited for the year ended 31 December 2012. Prepare the Statement of Change in Equity for Oberoi - Mumbai Limited for the year ended 31 December 2012. Drenare the following notes only for the vaar 31 December