Following information is available for the year 2020 of ABC SAOG. You are required to...
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Accounting
Following information is available for the year 2020 of ABC SAOG. You are required to prepare Statement of comprehensive income and Statement of financial position.
Share premium
728,526
Legal reserve
1,134,166
Revaluation reserve
14,644,500
Trade and other payables
10,020,506
Taxation payable
238,108
Directors remuneration
54,000
Taxation expenses
384,036
Property, plant and equipment
20,226,258
Revenue
43,627,562
Cost of sales
30,950,720
Finance costs
452,636
Administrative and general expenses
2,072,896
Other operating income
74,020
Inventories
6,705,426
Trade and other receivables
10,348,144
Assets held-for-sale
11,571,592
Cash and bank balances
1,291,814
Retained earnings (opening)
6,131,332
Long term loans
7,080,676
Share capital
3,402,500
Selling and distribution expenses
8,092,802
Current portion of long term loans
1,496,136
Short term borrowings
3,572,292
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