Page 16 - FR Integrated Workbook 2018-19
P. 16
Chapter 1
Example 1 cont.
Answer proforma
Grey statement of profit or loss and other comprehensive income for the
year ended 31 December 20X2
$000
Revenue 95,500
Cost of sales (62,561 + 11,250) (73,811)
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Gross profit 21,689
Distribution costs (5,175)
Administration expenses (6,560)
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Profit from operations 9,954
Finance costs (600)
Investment income (750 + 150) 900
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Profit before tax 10,254
Income tax expense (2,290)
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Profit for the year 7,964
Other comprehensive income (20,000 – 15,000) 5,000
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Total comprehensive income 12,964
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