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Conduct a analysis for this com financial statement

Conduct a analysis for this com financial statement

FINANCIAL ACCOUNTING
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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ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC Oncorporated in the Republic of Zambia (Registration number: 119820011972) Share code: ZFCO ISIN: ZMO000000524 "ZAFFICO" or "the Company In compliance with the requirements of the Securities Act No. 41 of 2016 of the Laws of Zambia and the Listing Requirements of the Lusaka Securities Exchange, the Directors of ZAFFICO are pleased to announce the audited financials for the year ended 31 December 2021. ABRIDGED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 2021 кооо 2020 коо Revenue 366,636 283,347 Cost of sales (115,456 174,498) Gross Profit 251,180 208,849 Other ome 7,805 6,952 Compensation for the felled trees at the Simon Mwansa Карwерwе Airрort 134,353 Recognition of fair value of the biological assets 2,210,321 Administrative expenses (361,172) (92,730) Net finance icosta/income (9,525) 2,957 Profit before income taxes 2,098,609 260,381 Income tax expense (223,167) 31,617) Profit for the year 1,875,442 228,764 Other comprehensive income Re-measurement of defined benefit liability & related tax (23,836) (1,143) Total comprehensive income 1,851,606 227,621 Basic earnings per share (ZMW 4.69 0.58 ABRIDGED STATEMENT OF FINANCIAL POSITION 31/12/2021 K000 AS AT 31/12/2020 коо Assets Employed Biological assets-Plantations in formation 2,875,733 730,080 Property and equipment Intangible & other non-current assets 100,720 99,620 Current assets 303,332 398,635 Total assets 3,279,785 1,228,335 Equity and Liabilities Shareholders' funds 2,863,977 1,024,206 Non-current liabilities 270,743 33,225 Current liabilities 145,065 170,904 Total Equity and Liabilties 3,279,785 1,228,335 conduct financial statement for this a analysis company
Transcribed Image Text:ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC Oncorporated in the Republic of Zambia (Registration number: 119820011972) Share code: ZFCO ISIN: ZMO000000524 "ZAFFICO" or "the Company In compliance with the requirements of the Securities Act No. 41 of 2016 of the Laws of Zambia and the Listing Requirements of the Lusaka Securities Exchange, the Directors of ZAFFICO are pleased to announce the audited financials for the year ended 31 December 2021. ABRIDGED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 2021 кооо 2020 коо Revenue 366,636 283,347 Cost of sales (115,456 174,498) Gross Profit 251,180 208,849 Other ome 7,805 6,952 Compensation for the felled trees at the Simon Mwansa Карwерwе Airрort 134,353 Recognition of fair value of the biological assets 2,210,321 Administrative expenses (361,172) (92,730) Net finance icosta/income (9,525) 2,957 Profit before income taxes 2,098,609 260,381 Income tax expense (223,167) 31,617) Profit for the year 1,875,442 228,764 Other comprehensive income Re-measurement of defined benefit liability & related tax (23,836) (1,143) Total comprehensive income 1,851,606 227,621 Basic earnings per share (ZMW 4.69 0.58 ABRIDGED STATEMENT OF FINANCIAL POSITION 31/12/2021 K000 AS AT 31/12/2020 коо Assets Employed Biological assets-Plantations in formation 2,875,733 730,080 Property and equipment Intangible & other non-current assets 100,720 99,620 Current assets 303,332 398,635 Total assets 3,279,785 1,228,335 Equity and Liabilities Shareholders' funds 2,863,977 1,024,206 Non-current liabilities 270,743 33,225 Current liabilities 145,065 170,904 Total Equity and Liabilties 3,279,785 1,228,335 conduct financial statement for this a analysis company
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