Page 322 - F3 -FA Integrated Workbook STUDENT 2018-19
P. 322
Chapter 21
Example 2
Hide and Seek
The statements of financial position for Hide and Seek as at 31 December
20X5 are presented below
Hide Seek
$ $
Non-current assets
Property, plant and equipment 290,000 185,000
Investments 300,000 –
——— ———
590,000 185,000
Current assets
Inventories 87,000 40,000
Trade and other receivables 92,000 79,000
Cash and cash equivalents 18,000 32,000
——— ———
787,000 336,000
——— ———
Equity
Share capital $1 ordinary shares 100,000 50,000
Share premium 20,000
Retained earnings 405,000 169,000
——— ———
525,000 219,000
Non-current liabilities – Loans 180,000 67,000
Current liabilities – Trade payables 82,000 50,000
——— ———
787,000 336,000
——— ———
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