These financial statements have been modified for academic and examination purposes The Bahrain Ship Repairing and Engineering Company BSC 11 CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at 31 December 2020 Bahraini Dinars Note 2020 2019 ASSETS Noncurrent Assets Equity investment securities 4,853,907 4,421,021 1,972,360 1,975,850 2,711,052 2,848,733 Debt investment securities Investment properties Right-of-use assets Property, plant and equipment 1,692,304 1,766,482 5,058,355 5,105,845 Total non-current assets Current Assets 1,793,393 Cash and bank balances Bank deposits 6,067,666 8,498,355 Trade receivables 15,549,550 889,006 267,560 1,879,127 2,058,139 Due from contract customers Inventorie s 443,679 469,604 Other assets 515,231 476,215 Total current assets Total assets EQUITY AND LIABILITIES Equity Share capital Reserves 1,980,000 5,470,630 24,174,153 1,980,000 4,960,866 Retained earnings 23,840,998 Total equity 31,624,783 30,781,864 Liabilities Lease liabilities 1,641,912 1,681,050 Employees' benefits 668,106 684,142 Total non-current liabilities Trade payables 352,795 869,010 Lease liabilities 15 a 1,458,801 1,550,971 Total current liabilities Total liabilities Total equity and liabilities The consolidated financial statements were approved by the Board of Directors on 24 February 2021 and signed on its behalf by: 7-4' 67499 DE 9b 9 a 450612 16 b 11 13 15 b 14 These financial statements have bee modified for academic and examination purposes The Bahrain Ship Repairing and Engineering Company BSC 12 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2020 Bahraini Dinars Note 2020 2019 REVENUE Revenue from contract with customers 16 5,106,993 8,333,591 Interest income 442,330 465,330 Dividend income 250,700 233,015 Other income 17 414,600 484,189 Total revenue EXPENSES Staff cost 1,556,533 1,789,181 Materials cost 862,512 1,252,069 Subcontract and overhead cost 18 1,077,717 1,924,236 611,080 575,420 Depreciation and amortization Other operating expenses 19 620,384 86,364 811,929 88,180 Interest expenses - leased property Total expenses Profit for the year The consolidated financial statements were approved by the Board of Directors on 24 February 2021 and signed on its behalf by: Fawzi Ahmed Kanoo Chairman Khalid Yousuf Abdul Rahman Director QUESTION 9 If the reader of the financial statement wants more information about subcontract and overhead costs, which note should they refer to? O Note 18 There is no specific note for this item Note 17 Note 19 QUESTION 10 Assume that Cost of goods sold for The Bahrain Ship Repairing and Engineering company for the year 2020 was 2.5 million BD. Calculate its gross profit for 2020. O 3.715 million BD O 7.016 million BD O 2.606 million BD O 5.834 million BD 1 points Saved Save Answer 1 points QUESTION 7 How much is total expenses in 2020? 4.815 million BD O4.815 thousand BD O 6.441 million BD O 6.441 thousand BD QUESTION 8 What type of income statement is used by the company? O Multiple step income statement O Single step income statement O Expenses based income statement O Revenue based income statement 1 points Saved Save Answer 1 points QUESTION 5 How much is total current liabilities 2020? 1,812 thousand BD O 2,420 thousand BD O 353 thousand BD O 869 thousand BD QUESTION 6 How much is interest revenues in 2020? O 693 thousand BD O 465 thousand BD O 698 thousand BD O 442 thousand BD 1 points 1 points Saved Save Answer QUESTION 3 How much is total noncurrent assets 2019? O 16,288 million BD O 16,288 thousand BD 16,117 million BD O 16,118 thousand BD QUESTION 4 How much is total noncurrent liabilities 2020? O 2,310 thousand BD O 2,365 million BD O 2,365 thousand BD O2,310 million BD 1 points Saved 1 points Saved QUESTION 1 How much is total Cash and bank balances in 2020 (in million BD)? O 14.867 million BD 1.793 million BD. 23.343 million BD O 6.068 million BD QUESTION 2 How much is total current assets in 2019? O 35.746 million BD 35.567 million BD 19.458 million BD 19.449 million BD 1 points Saved 1 points Saved