Hasan Sumaya BHD'000 BHD'000 Revenue 225,000. 120,000 Cost of Sales (130,000) (55,000 Gross Profit 95,000. 65,000. Distribution Cost (11,800) (6,000) Administrative Expense (13,500) (11,500) Finance Costs (750) (600) Profit before tax 68,950 46,900. Income tax expense (24,000) Profit for the year (13,900) 44,950. 33,000. Other comprehensive income Gain on revaluation of land (Note 1) Loss on fair value of equity financial asset investment 1,250. 500. (350) (200) ere to search Profit for the year 44,950. 33,000 Other comprehensive income Gain on revaluation of land (Note 1) 1,250. 500. Loss on fair value of equity financial asset investment (350) (200) 900. 300. Total comprehensive income for the year 45,850. 33,000. The following information relating to the equity of the companies at 1 January 2020 (ie before the share exchange took place) is available. BHD'000 BHD'000 Equity shares of BHD1 each 125,000. 80,000. Share Premium 50,000. Revaluation surplus (land) nil. 4,200. Other equity reserves (re equity financial asset investments) nil. Retained earnings 1,600. 1,400. 45,000. 79,000. Hasan Sumaya BHD'000 BHD'000 Revenue 225,000. 120,000 Cost of Sales (130,000) (55,000 Gross Profit 95,000. 65,000. Distribution Cost (11,800) (6,000) Administrative Expense (13,500) (11,500) Finance Costs (750) (600) Profit before tax 68,950 46,900. Income tax expense (24,000) Profit for the year (13,900) 44,950. 33,000. Other comprehensive income Gain on revaluation of land (Note 1) Loss on fair value of equity financial asset investment 1,250. 500. (350) (200) ere to search Profit for the year 44,950. 33,000 Other comprehensive income Gain on revaluation of land (Note 1) 1,250. 500. Loss on fair value of equity financial asset investment (350) (200) 900. 300. Total comprehensive income for the year 45,850. 33,000. The following information relating to the equity of the companies at 1 January 2020 (ie before the share exchange took place) is available. BHD'000 BHD'000 Equity shares of BHD1 each 125,000. 80,000. Share Premium 50,000. Revaluation surplus (land) nil. 4,200. Other equity reserves (re equity financial asset investments) nil. Retained earnings 1,600. 1,400. 45,000. 79,000
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