Please help prepare Financial position and comprehensive income statement

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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Please help prepare Financial position and comprehensive income statement

£000
£000
Share capital
Share premium
Long-term loan
Retained earnings and other reserves at 1.1.2021
10,000
1,600
4,000
2,964
Dividend paid in the year
400
11,000
2,000
Land at cost
Building at cost
Accumulated depreciation and impairment at 1.1.2021
Investment property at 1.1.2021
400
1,000
Investment in government bonds at 1.1.2021
3,000
1,990
2,270
5,300
Bank balance at 31.12.2021
Inventory at 1.1.2021
Purchases
Sales
9,720
Loan interest paid
200
Pension interest cost
24
Shop rental
176
Staff remuneration
624
Pension current service cost
300
Remeasurement gain on defined benefit plan
120
Pension obligation at 31.12.2021
1,400
Pension fund at 31.12.2021
900
Trade receivables
2,160
Trade payables
Total
1,140
31,344
31,344
Transcribed Image Text:£000 £000 Share capital Share premium Long-term loan Retained earnings and other reserves at 1.1.2021 10,000 1,600 4,000 2,964 Dividend paid in the year 400 11,000 2,000 Land at cost Building at cost Accumulated depreciation and impairment at 1.1.2021 Investment property at 1.1.2021 400 1,000 Investment in government bonds at 1.1.2021 3,000 1,990 2,270 5,300 Bank balance at 31.12.2021 Inventory at 1.1.2021 Purchases Sales 9,720 Loan interest paid 200 Pension interest cost 24 Shop rental 176 Staff remuneration 624 Pension current service cost 300 Remeasurement gain on defined benefit plan 120 Pension obligation at 31.12.2021 1,400 Pension fund at 31.12.2021 900 Trade receivables 2,160 Trade payables Total 1,140 31,344 31,344
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