Express the following income statement information in common-size percents and assess whether this company’s situation is favorable or unfavorable?
Express the following income statement information in common-size percents and assess whether this company’s situation is favorable or unfavorable?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Express the following income statement information in common-size percents and assess whether this company’s situation is favorable or unfavorable?
Transcribed Image Text:DHOFAR CATTLE FEED COMPANY SAOG AND ITS SUBSIDIARIES
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2020
Parent
Company
2020
RO'000
Group
2019
RO'000
Parent
Company
2019
RO'000
Note
INCOME
34,725
40,949
95
34,111
Revenue from sale of goods and service
Rental income
27
69
107
....* w
34,180
41,044
34,832
www
28
(29,426)
(32,540)
(28,331)
Cost of sales
4,754
8,504
6,501
Gross profit
EXPENSES
Selling and distribution expenses
General and administrative expenses
4,269
1,480
4,207
1,486
76
29
4,897
2,780
30
26 1
76
143
Directors remuneration
5,825
7,820
5,769
Profit/(loss) from operations
(1,071)
684
732
313
307
32
223
313
Dividend income
Other income
Share of result of associates
Finance cost (net)
33
1,653
342
34
(845)
(1,331)
(928)
(40)
424
Profit/(loss) before taxation
22
(2)
30
(1)
Taxation
Profit/(loss) for the year
(42)
39
423
Other comprehensive income for the year:
Potentially reclassified to the income statement
Movement in fair value reserve
(475)
(1,643)
(1,643)
www
(475)
(1,643)
(1,643)
Other comprehensive expense for the year
Total comprehensive loss for the year
(517)
(1,604)
(1,220)
Net profit/(loss) attributable to:
Shareholders of the Parent Company
Non-controlling interest
(42)
101
423
(62)
(42)
39
423
Total comprehensive income attributable to:
Shareholders of the Parent Company
Non-controlling interest
(1,542)
(62)
(517)
(1,220)
(517)
(1,604)
(1,220)
35
(0.001)
0.001
0.005
Earnings per share (RO)
The notes on pages 12 to 55 form an integral part of these financial statements.
Independent auditor's report - pages 1 to 6
Page: 8
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