Solve this Income Statement by vertical analysis HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOGStatement of profit or loss and other comprehensive income for the year ended 31December, 2019EXHIBIT- ANote20192018RORORevenue79,512,30711,435,957Operating costs(6,636,304)(7,105,263)Gross profitGeneral administration and selling and distribution expensesReversal of impairment loss on trade receivablesManagement and licence fees2,876,003(592,359)34,784(446,988)4,330,69410(625,239)1614,51611,24(666,579)Results from operating activitiesFinance income1,871,440159,805(11,300)3,053,392175,783Directors' remuneration24(67,200)Profit for the year - before taxation2,019,9453,161,975Taxation12(303,584)(474,364)Net profit and total comprehensive income for the year-Exhibit – C1,716,3612,687,611Basic and diluted earnings per share130.5720.896THE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

Income statement is prepared by an organisation to present the performance of the entity during the…

HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG Statement of profit or loss and other comprehensive income for the year ended 31 December, 2019 EXHIBIT- A Note 2019 2018 RO RO Revenue 7 9,512,307 11,435,957 Operating costs (6,636,304) (7,105,263) Gross profit General administration and selling and distribution expenses 4,330,694 2,876,003 (592,359) 34,784 (446,988) 10 (625,239) Reversal of impairment loss on trade receivables Management and licence fees 16 14,516 11,24 (666,579) Results from operating activities Finance income 1,871,440 159,805 3,053,392 175,783 Directors' remuneration 24 (11,300) (67,200) Profit for the year - before taxation 3,161,975 2,019,945 (303,584) Таxation 12 (474,364) Net profit and total comprehensive income for the year-Exhibit – C 1,716,361 2,687,611 Basic and diluted earnings per share 13 0.572 0.896 THE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG Statement of profit or loss and other comprehensive income for the year ended 31 December, 2019 EXHIBIT- A Note 2019 2018 RO RO Revenue 7 9,512,307 11,435,957 Operating costs (6,636,304) (7,105,263) Gross profit General administration and selling and distribution expenses 4,330,694 2,876,003 (592,359) 34,784 (446,988) 10 (625,239) Reversal of impairment loss on trade receivables Management and licence fees 16 14,516 11,24 (666,579) Results from operating activities Finance income 1,871,440 159,805 3,053,392 175,783 Directors' remuneration 24 (11,300) (67,200) Profit for the year - before taxation 3,161,975 2,019,945 (303,584) Таxation 12 (474,364) Net profit and total comprehensive income for the year-Exhibit – C 1,716,361 2,687,611 Basic and diluted earnings per share 13 0.572 0.896 THE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

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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