F COMPREHE ENDED 31 D
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Solve this Income statement by Vertical analysis:

Transcribed Image Text:SWEETS OF OMAN SAOG
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2019
2019
RO
2018
RO
Note
Income from operations
Cost of operations
19
10,576,969
12,670,827
20
(7,326,435)
(8,869,473)
Gross profit
3,250,534
3,801,354
Other income
21
44,405
73,107
General and administration
22
(711,205)
(2,092,589)
(680,727)
Selling and distribution
(2,750,649)
(10,000)
23
Allowance for credit losses (net)
9.
(14,500)
Profit from operations
476,645
433,085
Finance charges
25
(379,773)
(375,171)
Profit for the year before taxation
96,872
57,914
Income tax
(16,614)
(10,284)
Net profit and total comprehensive income for the year
80,258
47,630
Basic earnings per share
26
0.011
0.007
====
The notes on pages 10 to 39 form part of these financial statements.
Auditor's report: pages 1 - 5
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