Page 357 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Answers

Example 4

SOFP for X Co USD m
Total non current assets 23.0
Total current assets 15.0
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Total assets 38.0
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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
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Total equity and liabilities 38.0
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Statement of P&L for X Co USD m
Operating profit (PBIT) 4.0
Finance charges (1.0)
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Profit before tax (PBT) 3.0
Tax @ 30% (0.9)
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Net profit 2.1
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