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The following information is available for Aston Products PIc as at 30 April 208. There were no other reserves in the statement of financial position
The following information is available for Aston Products PIc as at 30 April 208. There were no other reserves in the statement of financial position at 30 April 208. You are given the following additional information relating to the year ended 30 April 209. 1. The company issued four millions equity shares at a price of 75 pence each on 1 January 209. 2. The management have decided to revalue the land and buildings that cost 1,600,000 at a value of 2,400,000. 3. The profit before tax for the year ended 30 April 209 was 1,920,000. 4. The income tax charge on the profit for the year ended 30 April 209 was estimated to be 1,280,000. 5. There are no interim dividends during the year ended 30 April 209 but the directors have proposed a final dividend on the preference shares, and a dividend of 10 pence each on the equity shares. 6. The directors have agreed to transfer 1,550,000 to a general reserve at 30 April 209. Required: Prepare in vertical form the statement of comprehensive income for the year ended 30 April 209, a statement of financial position extract at that date showing the composition of the equity and a statement of changes in equity. (Enter your answers in thousands. Negative answers should be indicated by a minus sign.) \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Aston Products Plc Statement of Financial Position as at 30 April 20X9} \\ \hline \multicolumn{1}{|c|}{ Equity And Liabilities } & 000 \\ \hline Equity and reserves & \\ \hline & \\ \hline & \\ \hline & \\ \hline Equity And Liabilities & \\ \hline \hline \end{tabular} The following information is available for Aston Products PIc as at 30 April 208. There were no other reserves in the statement of financial position at 30 April 208. You are given the following additional information relating to the year ended 30 April 209. 1. The company issued four millions equity shares at a price of 75 pence each on 1 January 209. 2. The management have decided to revalue the land and buildings that cost 1,600,000 at a value of 2,400,000. 3. The profit before tax for the year ended 30 April 209 was 1,920,000. 4. The income tax charge on the profit for the year ended 30 April 209 was estimated to be 1,280,000. 5. There are no interim dividends during the year ended 30 April 209 but the directors have proposed a final dividend on the preference shares, and a dividend of 10 pence each on the equity shares. 6. The directors have agreed to transfer 1,550,000 to a general reserve at 30 April 209. Required: Prepare in vertical form the statement of comprehensive income for the year ended 30 April 209, a statement of financial position extract at that date showing the composition of the equity and a statement of changes in equity. (Enter your answers in thousands. Negative answers should be indicated by a minus sign.) \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Aston Products Plc Statement of Financial Position as at 30 April 20X9} \\ \hline \multicolumn{1}{|c|}{ Equity And Liabilities } & 000 \\ \hline Equity and reserves & \\ \hline & \\ \hline & \\ \hline & \\ \hline Equity And Liabilities & \\ \hline \hline \end{tabular}
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