Page 176 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx
P. 176
Chapter 7
Example 4
SOFP for X Co USD m
Total non current assets 23.0
Total current assets 15.0
––––
Total assets 38.0
––––
Ordinary share capital 10.0
Share premium 4.0
Preference share capital (irredeemable) 1.5
Reserves 1.5
Non current liabilities (10% bonds) 8.0
Current liabilities
Trade creditors 8.0
Bank overdraft 5.0
––––
Total equity and liabilities 38.0
––––
Statement of P&L for X Co USD m
Operating profit (PBIT) 4.0
Finance charges (1.0)
––––
Profit before tax (PBT) 3.0
Tax @ 30% (0.9)
––––
Net profit 2.1
––––
168
