Please help prepare Financial position and comprehensive income statement
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help prepare Financial position and comprehensive income statement

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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