Bayan co. Questions about the Statement of Financial Position.                              How much was the Cash account balance at December 31, 2020? What about 2019? Mention the biggest liability with its amount for the company at December 31, What was the Total Equity for the company at December 31, 2020? What about December 31, 2019?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bayan co. Questions about the Statement of Financial Position.                             

  1. How much was the Cash account balance at December 31, 2020? What about 2019?
  2. Mention the biggest liability with its amount for the company at December 31,
  3. What was the Total Equity for the company at December 31, 2020? What about December 31, 2019?
BAYAN INVESTMENT COMPANY K.S.C. (PUBLIC) AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2020
(All amounts are in Kuwaiti Dinars)
ASSETS
Note
2020
2019
Cash on hand and at banks
Financial assets at fair value through profit or loss ("FVTPL")
Accounts receivable and other debit balances
Inventories
Financial assets at fair value through other comprehensive income ("FVOCI")
Properties under development
Property, plant and equipment
286,526
226,018
1,541,911
279,164
11,411,953
73,341,331
622,842
87,709,745
440,958
231,059
1,189,573
237,839
12,824,058
72,834,810
712,203
88,470,500
3
4
Total assets
LIABILITIES AND EQUITY
Liabilities:
Bank facilities
Accounts payable and other credit balances
Murabaha payable
Provision for end of service indemnity
6
3,503,644
35,877,642
35,372
424,314
39,840,972
4,049,352
34,929,682
5,251
412,630
39,396,915
7
Total liabilities
Equity:
Share capital
Treasury shares
Voluntary reserve
Fair value reserve
Foreign currency translation adjustments
Accumulated losses
39,266,391
(5,948,170)
5,948,170
4,995,434
(2,996,807)
(6,036,654)
35,228,364
12,640,409
47,868,773
87,709,745
39,266,391
(5,948,170)
5,948,170
6,130,810
(3,018,454)
_(6,179,418)
36,199,329
12,874,256
49,073,585
88,470,500
10
12
Equity attributable to shareholders of the Parent Company
Non-controlling interests
13
Total equity
Total liabilities and equity
The accompanying notes from (1) to (27) form an integral part of the consolidated financial statements.
25,
Faisal Ali Al - Mutawa
Chairman
Raya
Co-
Transcribed Image Text:BAYAN INVESTMENT COMPANY K.S.C. (PUBLIC) AND SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2020 (All amounts are in Kuwaiti Dinars) ASSETS Note 2020 2019 Cash on hand and at banks Financial assets at fair value through profit or loss ("FVTPL") Accounts receivable and other debit balances Inventories Financial assets at fair value through other comprehensive income ("FVOCI") Properties under development Property, plant and equipment 286,526 226,018 1,541,911 279,164 11,411,953 73,341,331 622,842 87,709,745 440,958 231,059 1,189,573 237,839 12,824,058 72,834,810 712,203 88,470,500 3 4 Total assets LIABILITIES AND EQUITY Liabilities: Bank facilities Accounts payable and other credit balances Murabaha payable Provision for end of service indemnity 6 3,503,644 35,877,642 35,372 424,314 39,840,972 4,049,352 34,929,682 5,251 412,630 39,396,915 7 Total liabilities Equity: Share capital Treasury shares Voluntary reserve Fair value reserve Foreign currency translation adjustments Accumulated losses 39,266,391 (5,948,170) 5,948,170 4,995,434 (2,996,807) (6,036,654) 35,228,364 12,640,409 47,868,773 87,709,745 39,266,391 (5,948,170) 5,948,170 6,130,810 (3,018,454) _(6,179,418) 36,199,329 12,874,256 49,073,585 88,470,500 10 12 Equity attributable to shareholders of the Parent Company Non-controlling interests 13 Total equity Total liabilities and equity The accompanying notes from (1) to (27) form an integral part of the consolidated financial statements. 25, Faisal Ali Al - Mutawa Chairman Raya Co-
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