The following information is also available:

$1.$ The company$$s non$-$depreciable land was valued at $$300,000$ on March $2022$ and this valuation is to be incorporated into

the accounts for the year $31$ March $2022.$

$2.$ The company$$s depreciation policy is as follows:

Building $4\%$ straight line

Equipment $40\%$ reducing balance

Vehicles $25\%$ straight line

In all cases, a full year$$s depreciation is charged in the year of acquisition and no depreciation is charged in the year of

disposal. None of the assets had been fully depreciated by $31$ March $2021.$

$3.$ On $1$ February $2022,$ a vehicle used entirely for administrative purposes was sold for $$10,000.$ The sale proceeds were

banked and credited to a disposal account, but no other entries were made in relation to this disposal. The vehicle cost

$$44,000$ in August $2018.$ This was the only disposal of noncurrent assets made during the year to $31$ March $2022.$

$4.$ Depreciation is apportioned as follows:

$4$

Distribution Administration

expenses

Buildings $50\%50\%$

Equipment$$s $25\%75\%$

Vehicles $70\%30\%$

$5.$ The company$$s inventory at $31$ March $2022$ is valued at $$119,000.$

$6.$ Trade receivables include a debt of $$8,000$ which is to be written off. The allowance for receivables is to be adjusted to $4\%$

of the receivables which remain after this debt has been written off.

$7.$ Corporation tax for the year to $31$ March $2021$ was overestimated by $$6000$ the corporation tax liability for the year $31$

March $2022$ is estimated to be $$30,000.$

$8.$ One$-$ quarter of wages and salaries were paid to distribution staff and the remaining three quarters were paid to

administrative staff.

$9.$ General administrative expenses include a bank overdraft interest of $$9,000.$

$10.$ A dividend of $10$ cents per ordinary share was paid on $31$ December $2021.$ No further dividends are proposed for the year

to $31$ March $2022.$

Required:

Prepare the following financial statements for Nada company in accordance with requirements of international standards:

A$.$ Statement of profit or loss & other comprehensive income for $31$ March $2022.(10$ Marks$)$

B$.$ Statement of changes in equity for the year $31$ March $2022.(10$ Marks$)$

C$.$ Statement of Financial Position as at $31$ March $2022.(10$ Marks$)$

D$.$ Show all your workings. $(10$ Marks$)$The following balances has been extracted from the books of Hani company as at $31$ March $2022$:

$\backslash$table$[[,$$$000,$$$000$