Page 311 - SBR Integrated Workbook STUDENT S18-J19

Group accounting – Foreign currency

Example 1 – continued

Statement of profit or loss
Half Marathon

$m DNm

Revenue 840 300

Expenses (720) (240)
——— ———

Profit for period 120 60

——— ———

Exchange rates are as follows:

DN:$1

1 January 20X1 3.8
31 December 20X1 2

Average for period 3

Calculate the value of the assets (excluding goodwill), liabilities and
share capital that would appear in the consolidated financial statements
for the year ended 31 December 20X1.

Enter your answers on the proforma over the page. Don’t worry about all
the gaps – we will fill them in as we work through the rest of the chapter.

305