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Illustrative Financial Statements (Examples)

This illustrative set of financial statements seeks to provide guidance regarding extracting information from financial statements for financial analysis.

ABC LIMITED
Statement of Financial Position
As at 31 December 20XX

 

20XX 

 

20X0

 

$

 

$

Non-current assets

2,059,875

 

1,983,450

Property, plant and equipment

599,800

 

458,900

Intangible assets

675,432

 

312,890

Long-term investments

189,250

 

54,670

Long Term Loans and Advances

41,228

 

115,190

Long term Deposits and prepayments

2,059,875

 

2,925,100

 


3,565,585

 


2,925,100

Current assets

 

 

 

Stores, Spares and Loose Tools

68,982

 

58,261

Stock in Trade

620,838

 

524,354

Trade Receivable

1,285,245

 

1,106,185

Short term Loans and Advances

20,640

 

22,776

Short term Deposits and Prepayments

13,760

 

15,184

Short term investments

23,187

 

103,285

Current portion of long term investments

27,000

 

30,000

Other Receivables

520

 

370

Cash and bank balances

92,748

 

413,140

 


2,152,920

 


2,273,555

 

 

 

 

 



5,718,505

 



5,198,655

Share capital & Reserves

 

 

 

10,000 ordinary shares of $1 each

10,000

 

10,000

Capital Reserve

100,000

 

100,000

Revenue Reserve

3,164,550

 

3,000,450

Surplus on Revaluation of Fixed Assets

469,445

 

199,935

 


3,743,995

 


3,310,385

 

 

 

 

Non-current liabilities

 

 

 

Long term Borrowing - Secured

1,181,970

 

1,129,390

Liabilities against assets subject to Finance Leases

500

 

620

Deferred Liabilities

200

 

220

 


1,182,670

 


1,130,230

Current liabilities

 

 

 

Trade and other payables

527,893

 

505,360

Income tax payable

52,789

 

50,536

Due to related parties

-

 

-  

Interest and Mark up Accrued

79,184

 

75,804

Short term Borrowings – Secured

24,084

 

35,686

Current portion of long term liabilities

107,890

 

90,654

 


791,840

 


758,040

Contingencies and Commitments

 

 

 

 



5,718,505

 



5,198,655



 

This illustrative set of financial statements seeks to provide guidance regarding extracting information from financial statements for financial analysis.
ABC LIMITED
Statement of Comprehensive Income
For the year ended 31 December 20XX

 

20XX

 

20X0

 

$

 

$

 

 

 

 

Revenue

7,468,110

 

7,016,215

Cost of sales

(3,866,710)

 

(2,853,835)

Gross Profit


3,601,400


 


4,162,380


 

 

 

 

General and Administrative Expenses

(2,250,875)

 

(2,341,339)

Other operating expenses

 (450,175)

 

 (780,446)

Profit /Loss from Operating Activities


900,350


 


1,040,595


 

 

 

 

Finance costs

 (3,485)

 

 (13,400)

 

 

 

 

Other income

385

 

448

Profit before tax


897,250


 


1,027,643


 

 

 

 

Taxation

 (333,150)

 

 (385,048)

 

 

 

 

Profit after tax



564,100

 



642,595

 

 

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