Page 458 - F1 Integrated Workbook STUDENT 2018

Chapter 25

Solution
Statement of profit or loss for Echo for the year ended 31 March 20X1

$000
Continued operations
Revenue 2,400
Operating expenses (1,650)
––––
Profit from operations 750
Restructuring costs (see note*) (80)
––––
670
Finance cost (70)
––––
Profit before tax 600
Income tax expense (200)
––––
Profit for the period from continuing operations 400
––––
Discontinued operations
Profit for the period from discontinued operations (see note**) 50
––––
Profit for the period from total operations 450
––––

448