Calculate  1)COGS 2)Gross profit 3)operating profit 4)Net profit   Actuals/Omani Rial/Audited     Income Statement - Nature of expenses Standalone Standalone     01/01/2022-31/12/2022 1/01/2021-31/12/2021           PROFIT OR LOSS       CONSOLIDATED AND SEPARATE       PROFIT OR LOSS       Revenue 7,343,685 3,307,555   Other income 7,139   17,983         Cost of material consumed and goods sold 898,217 519,320           Service expenses 1,076,279 818,220           Employee benefits expense 2,858,002 2,250,013           Depreciation, depletion and amortisation 920,457 921,866           Other operating expenses 1,140,966 653,382   Royalty expense 235,277 86,250           Other gains (losses) 17,477 -   Profit (loss) from operating activities 239,103 (1,923,513)   Finance income 184,252 120,070           Finance costs 183,750 123,339   Impairment loss (reversal) of non-financial assets 1,071 (3,744)   Profit (loss) before income tax 238,534 (1,923,038)   Income tax expense, continuing operations 40,823 (270,279)           Profit (loss) from continuing operations 197,711 (1,652,759)   Profit (loss) for period 197,711 (1,652,759)           PROFIT (LOSS), ATTRIBUTABLE TO       BASIC AND DILUTED EARNINGS PER SHARE       BASIC EARNINGS PER SHARE       DILUTED EARNINGS PER SHARE

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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Question

Calculate 

1)COGS

2)Gross profit

3)operating profit

4)Net profit

 

Actuals/Omani Rial/Audited

   

Income Statement - Nature of expenses

Standalone

Standalone

 

 

01/01/2022-31/12/2022

1/01/2021-31/12/2021  

 

     

PROFIT OR LOSS

 

 

 

CONSOLIDATED AND SEPARATE

 

 

 

PROFIT OR LOSS

 

 

 

Revenue

7,343,685

3,307,555

 

Other income

7,139

 

17,983

       

Cost of material consumed and goods sold

898,217

519,320

 
       

Service expenses

1,076,279

818,220

 
       

Employee benefits expense

2,858,002

2,250,013

 
       

Depreciation, depletion and amortisation

920,457

921,866

 
       

Other operating expenses

1,140,966

653,382

 

Royalty expense

235,277

86,250

 
       

Other gains (losses)

17,477

-

 

Profit (loss) from operating activities

239,103

(1,923,513)

 

Finance income

184,252

120,070

 
       

Finance costs

183,750

123,339

 

Impairment loss (reversal) of non-financial assets

1,071

(3,744)

 

Profit (loss) before income tax

238,534

(1,923,038)

 

Income tax expense, continuing operations

40,823

(270,279)

 
       

Profit (loss) from continuing operations

197,711

(1,652,759)

 

Profit (loss) for period

197,711

(1,652,759)

 
       

PROFIT (LOSS), ATTRIBUTABLE TO

 

 

 

BASIC AND DILUTED EARNINGS PER SHARE

 

 

 

BASIC EARNINGS PER SHARE

 

 

 

DILUTED EARNINGS PER SHARE

 

 

 
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