Solve this balance sheet by horizental analysis : AL BURAIMI HOTEL SAOGSTATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20192019RONote2018ROASSETSNon-current assetsProperty, plant and equipment53,442,9593,447,808Current assetsInventories6.6,80316,305185,00717,77914,5895,950Trade and other receivables7Amounts due from related parties889,533Bank balances and cash24,446225,894134,518Total assets3,668,8533,582,326EQUITY AND LIABILITIESEquityShare capitalLegal reserve103,572,8323,572,83211137,117(731,482)113,931(940,154)Accumulated lossTotal equity2,978,4672,746,609LiabilitiesNon-current liabilitiesEmployees' end of service benefits1238,26136,657Current liabilitiesTerm loans13283,798276,047Trade and other payables14290,714444,245Amounts due to related partiesIncome tax payable830,17930,1792047,43448,589652,125799,060Total liabilities690,386835,717Total equity and liabilities3,668,8533,582,326Net assets per share210.8340.769These financial statements were approved and authorisedJ.H.03-2.aas.. and signed on their behalf by:for issue by the Board of Directors onCHAIRMANDIRECTORThe notes on pages 8 to 26 form part of thege financial stațements.Auditor's report - pages 1 to 3C.R. No.: ECU3460S. of CrmanPage: 4Burain

Horizontal analysis of financial statements is used to indicate the percentage change in the amount…

Answered: AL BURAIMI HOTEL SAOG STATEMENT OF…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Solve this balance sheet by horizental analysis :

AL BURAIMI HOTEL SAOG
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019
2019
RO
Note
2018
RO
ASSETS
Non-current assets
Property, plant and equipment
5
3,442,959
3,447,808
Current assets
Inventories
6.
6,803
16,305
185,007
17,779
14,589
5,950
Trade and other receivables
7
Amounts due from related parties
8
89,533
Bank balances and cash
24,446
225,894
134,518
Total assets
3,668,853
3,582,326
EQUITY AND LIABILITIES
Equity
Share capital
Legal reserve
10
3,572,832
3,572,832
11
137,117
(731,482)
113,931
(940,154)
Accumulated loss
Total equity
2,978,467
2,746,609
Liabilities
Non-current liabilities
Employees' end of service benefits
12
38,261
36,657
Current liabilities
Term loans
13
283,798
276,047
Trade and other payables
14
290,714
444,245
Amounts due to related parties
Income tax payable
8
30,179
30,179
20
47,434
48,589
652,125
799,060
Total liabilities
690,386
835,717
Total equity and liabilities
3,668,853
3,582,326
Net assets per share
21
0.834
0.769
These financial statements were approved and authorised
J.H.03-2.aas.. and signed on their behalf by:
for issue by the Board of Directors on
CHAIRMAN
DIRECTOR
The notes on pages 8 to 26 form part of thege financial stațements.
Auditor's report - pages 1 to 3
C.R. No.: ECU3460
S. of Crman
Page: 4
Burain

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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