List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?
List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Question for income statement : BAYAN INVESTMENT CO. (K.S.C.P)
a. List 2 expense accounts AND their amounts for 2020.
b. What was the net
c. Compared with 2019, has the net profit/(loss) increased or decreased?
![Coast Investment & Development Company K.S.C.P. and its Subsidiaries
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
(UNAUDITED)
For the nine months ended 30 September 2020
Three months ended
30 September
2020
KD
Nine months ended.
2019
KD
30 September
2020
KD
2019
KD
Notes
INCOME
Net investment income (loss)
Management fees
Other income
Share of results of associates
913,397
123,446
873
(339,415)
63,893
(368,712)
138,339
(667,572)
373,839
1;748
(3,207,730) (1,096,703)
125,412
569,124
400,121
(15,530)
(96,262)
Net foreign exchange differences
(123,436)
762,194
(342,165)
(3,374,303)
(250,894)
EXPENSES
Staff costs
General and administrative expenses
Depreciation expense
Allowance. for expected credit losses
(230,023)
(53,393)
(6,477)
(204,047)
(60,588)
(4,334)
(651,595)
(151,071)
(14,888)
(102,209)
(651,300)
(200,680)
(11,100)
(289,893)
(268,969)
(919,763)
(863,080)
PROFIT (LOSS) FOR THE PERIOD
472,301
(611,134)
(4,294,066)
(1,113,974)
BASIC AND DILUTED EARNINGS (LOS)
PER SHARE ATTRIBUTABLE TO
EQUITY HOLDERS OF THE PARENT
COMPANY
3
0.81 fils
(1.05) fils
(7.35) fils
(1.91) fils](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc91ed5ca-c6ac-4790-85a4-5b1d89e133ae%2Fe7d0551f-bbdb-4461-bec6-c8e813bb5b24%2Flh3qqvn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Coast Investment & Development Company K.S.C.P. and its Subsidiaries
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
(UNAUDITED)
For the nine months ended 30 September 2020
Three months ended
30 September
2020
KD
Nine months ended.
2019
KD
30 September
2020
KD
2019
KD
Notes
INCOME
Net investment income (loss)
Management fees
Other income
Share of results of associates
913,397
123,446
873
(339,415)
63,893
(368,712)
138,339
(667,572)
373,839
1;748
(3,207,730) (1,096,703)
125,412
569,124
400,121
(15,530)
(96,262)
Net foreign exchange differences
(123,436)
762,194
(342,165)
(3,374,303)
(250,894)
EXPENSES
Staff costs
General and administrative expenses
Depreciation expense
Allowance. for expected credit losses
(230,023)
(53,393)
(6,477)
(204,047)
(60,588)
(4,334)
(651,595)
(151,071)
(14,888)
(102,209)
(651,300)
(200,680)
(11,100)
(289,893)
(268,969)
(919,763)
(863,080)
PROFIT (LOSS) FOR THE PERIOD
472,301
(611,134)
(4,294,066)
(1,113,974)
BASIC AND DILUTED EARNINGS (LOS)
PER SHARE ATTRIBUTABLE TO
EQUITY HOLDERS OF THE PARENT
COMPANY
3
0.81 fils
(1.05) fils
(7.35) fils
(1.91) fils
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