Solve this balance sheet picture by horizontal analysis and write why it's decrease and increase in percentage AL BURAIMI HOTEL SAOGSTATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20192019RONote2018ROASSETSNon-current assetsProperty, plant and equipment53,442,9593,447,808Current assetsInventories66,80316,305185,00714,589Trade and other receivables75,950Amounts due from related partiesBank balances and cash889,5339.17,77924,446225,894134,518Total assets3,668,8533,582,326EQUITY AND LIABILITIESEquityShare capitalLegal reserve103,572,8323,572,83211137,117113,931(940,154)Accumulated loss(731,482)Total equity2,978,4672,746,609LiabilitiesNon-current liabilitiesEmployees' end of service benefits1238,26136,657Current liabilitiesTerm loans13283,798290,714Trade and other payablesAmounts due to related partiesIncome tax payable276,047444,24530,17948,58914830,1792047,434652,125799,060Total liabilities690,386835,717Total equity and liabilities3,668,8533,582,326Net assets per share210.8340.769These financial statementswere approved and authorisedfor issue by the Board of Directors onJ.H....03-2.0as... and signed on their behalf by:CHAIRMANDIRECTORThe notes on pages 8 to 26 form part of these finaņciat statements.Auditor's report - pages 1 to 3BurainC.R. No.: E003460S. of CmanPage: 4Hotel

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 picture by horizontal analysis and write why it's decrease and increase in percentage

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
14,589
Trade and other receivables
7
5,950
Amounts due from related parties
Bank balances and cash
8
89,533
9.
17,779
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
113,931
(940,154)
Accumulated loss
(731,482)
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
290,714
Trade and other payables
Amounts due to related parties
Income tax payable
276,047
444,245
30,179
48,589
14
8
30,179
20
47,434
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
for issue by the Board of Directors on
J.H....03-2.0as... and signed on their behalf by:
CHAIRMAN
DIRECTOR
The notes on pages 8 to 26 form part of these finaņciat statements.
Auditor's report - pages 1 to 3
Burain
C.R. No.: E003460
S. of Cman
Page: 4
Hotel

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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