Page 132 - F1 Integrated Workbook STUDENT 2018
P. 132
Chapter 9
Proforma Financial Statements
3.1 Statement of profit or loss and other comprehensive income
Statement of Profit or Loss and other Comprehensive Income for ABC Ltd for
the year ending 31 December 20X5
$000
Revenue X
Cost of sales (X)
––––
Gross profit/(loss) X/(X)
Distribution costs (X)
Administrative expenses (X)
––––
Profit/(loss) from operations X/(X)
Income from investments X
Finance cost (X)
––––
Profit/(loss) before tax X/(X)
Income tax expense (X)
––––
Profit/(loss) for the period X/(X)
Other comprehensive income:
Revaluation gain/(loss) X/(X)
––––
Total comprehensive income X
––––
Total comprehensive income is the profit or loss for the period, plus other
comprehensive income.
Other comprehensive income is income and expenses that are not recognised in
profit or loss (i.e. they are recorded in reserves rather than as an element of the profit
for the period). For the purpose of F1, other comprehensive income mainly includes
any change in the revaluation reserve and actuarial gains and losses on defined
benefit plans.
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