You are provided with the following financial statements for Samson Ltd. Balance Sheet as at 30th June 20x6 (with comparatives) Profit or Loss Statement for year ended 30th June 2006 Statement of Other Comprehensive Income for year ended 30th June 20x64 Other information: Transaction costs for the share issue during 20x5/X6 were $87,0004 Required Use the information in the financial statements provided for Samson Ltd to complete the template, provided at the end of this question, for the Statement of Changes in Equity for the year ended 30th June 20x6. BALANCE SHEET FOR SAMSON LTD AS AT 30TH JUNE 20X64 $ $4 20X6 IN THOUSANDS OF DOLLARS 20x5 ASSETS CURRENT ASSETS Cash 180 Inventories 982 41 642 7632 1,446 Accounts receivable (net) TOTAL CURRENT ASSETS 777 1,939 NON CURRENT ASSETS 710 Land Buildings (net) Machinery (net) Goodwill 1,015 814 1,510 1,613 860 2,720 6,703 8,149 2,720 5,259 7,198 TOTAL NON CURRENT ASSETS TOTAL ASSETS LIABILITIES Current liabilities Accounts Payable Income tax payable Provisions 119 127 316 291 88 754 518 TOTAL CURRENT LIABILITIES 498 NON CURRENT LIABILITIES Debentures 695 Mortgages TOTAL NON CURRENT LIABILITIES 1,800 2,495 2.993 914- 800 1,714 2.232 TOTAL LIABILITIES NET ASSETS 4,205 5,917 OWNERS' EQUITY Issued Capital 2,238 Reserves 613 2,551 1,254 2,112 5.917 Retained profits TOTAL OWNERS' EQUITY 1,354 4.205 STATEMENT OF PROFIT OR LOSS FOR SAMSON LTD FOR THE YEAR ENDED 30TH JUNE 20X64 IN THOUSANDS OF DOLLARS Revenue Cost of Sales Gross Profit Other Income Selling and distribution expenses Administrative expenses Other expenses 11,123 (7,786) 3,337 115 (811) (429) (781) (1906) 1,431 le Results from operating activities Finance income 8 Finance costs Net finance income Profit before income tax (252) (244) 1,187 (356) 831 Income tax Profit attributable to Samson Ltd * * * STATEMENT OF OTHER COMPREHENSIVE INCOME FOR SAMSON LTD- FOR THE YEAR ENDED 30TH JUNE 20X64 IN THOUSANDS OF DOLLARS 831 Net profit for period Other comprehensive income (net of tax) Gain on revaluation of non-current asset 733 (165) Exchange differences on foreign operations Other comprehensive income for period, net of tax Total comprehensive income for the period attributable to the owners 568 1.399 2 STATEMENT OF CHANGES IN EQUITY FOR SAMSON LTD FOR THE YEAR ENDED 30TH JUNE 20X64 IN THOUSANDS OF DOLLARS SHARE CAPITAL RETAINED PROFITS TOTAL EQUITY COST OF FOREIGN SHARE CURRENCY CAPITAL TRANSLATION RESERVE GENERAL ASSET RESERVE REVALUATION SURPLUS RESERVE Balance at E E E E E 1st July 20x5 T: Total Comprehensive Income for periode Profit for periode E E F E F E Exchange differences on E E E E E E foreign operations Gain/(Loss) on revaluation of C C E F E non-current assete Total E E E E E Comprehensive Income for period Sub-totale E E E E E Transactions with owners recorded directly in equity Transfer to E E F F E General Reserve E E Issue of E E 2 E ordinary shares Transaction costs for share E E E E E issuee Total transactions E E 't' with owners recorded directly in equity Balance at 30th June 20X6 2,744 (193) 111 315 828 2,1121 5,917
