Below are the financial statements for Aspirations Pty Ltd. Statement of Financial Position at 30 June 2017 Non-Current Assets 2017 2018 2019 Plant, Property and Equipment 425,000 405,000 399,000 Current Assets Short-term Investments 0 0 4,300 Inventory 89,300 90,000 70,500 Receivables 161,800 166,500 140,400 Total Assets 676,100 661,500 614,200 Equity and Liabilities
Below are the financial statements for Aspirations Pty Ltd.
|
Non-Current Assets |
2017 |
2018 |
2019 |
|
Plant, Property and Equipment |
425,000 |
405,000 |
399,000 |
|
Current Assets |
|
|
|
|
Short-term Investments |
0 |
0 |
4,300 |
|
Inventory |
89,300 |
90,000 |
70,500 |
|
Receivables |
161,800 |
166,500 |
140,400 |
|
Total Assets |
676,100 |
661,500 |
614,200 |
|
Equity and Liabilities |
|
|
|
|
Share Capital |
100,000 |
100,000 |
100,000 |
|
Revaluation Reserve |
29,000 |
65,800 |
82,350 |
|
|
214,400 |
286,800 |
384,050 |
|
Total Equity |
343,400 |
452,600 |
566,400 |
|
Non-current Liabilities |
|
|
|
|
Loan |
260,000 |
170,000 |
10,000 |
|
Current Liabilities |
|
|
|
|
Trade Payables |
67,700 |
36,000 |
35,000 |
|
Overdraft |
5,000 |
2,900 |
2,800 |
|
Total Equity and Liabilities |
676,100 |
661,500 |
614,200 |
Statement of Comprehensive Income for the Year Ended 30 June 2019
|
|
2018 |
2019 |
|
Revenue |
1,247,000 |
890,000 |
|
Cost of Goods Sold |
839,500 |
576,000 |
|
Gross Profit |
407,500 |
314,000 |
|
Administrative Expenses |
56,800 |
51,000 |
|
Distribution Costs |
118,700 |
79,000 |
|
Profit from Operations (EBIT) |
232,000 |
184,000 |
|
Finance Cost |
12,000 |
5,000 |
|
Profit Before Tax |
220,000 |
179,000 |
|
Company Tax Expense |
67,600 |
41,750 |
|
Net Income |
152,400 |
137,250 |
|
Gain on Revaluation (OCI) |
36,800 |
16,550 |
|
Total Comprehensive Income |
189,200 |
153,800 |
|
Dividend approved
|
80,000 |
40,000 |
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