Page 153 - F1 Integrated Workbook STUDENT 2018

Introduuction to Single EEntity Acccounts includingg Statemment of
Cashhflows

Exxampple 4

Below are exttracts fromm the financcial statemments of an entity Pinccer:

Staatement off profit or loss and oother commprehensive incomee for the yyear
endded 31 Maarch 20X1

$ $m
Sales revenue 1,1662
Cosst of sales (8666)
–––––
Grooss profit 2996
Disstribution coosts (447)
Admministrativee expenses (110)
–––––
Proofit from opperations 1339
Inteerest receivvable 779
Finance costss (555)
–––––
Proofit before ttax 1663
Incoome tax exxpense (224)
–––––
Proofit for the yyear 1339
Othher compreehensive inncome
Gain on revalluation 2551
–––––
Tottal comprehensive income for the year 3990

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