SydMel Ltd Statement of financial position As of 30 June 2020. 2020 2019 Assets Cash at Bank 18000 - Account Receivable 34000 28000 Inventories 112000 96000 Land 40000 80000 Buildings 120000 120000 Accumulated depreciation-Buildings (10000) (6000) Equipment 72000 60000 Accumulated depreciation-Equipment (30000) (18000) Total assets
SydMel Ltd
Statement of financial position
As of 30 June 2020.
|
|
2020 |
2019 |
|
Assets |
|
|
|
Cash at Bank |
18000 |
- |
|
|
34000 |
28000 |
|
Inventories |
112000 |
96000 |
|
Land |
40000 |
80000 |
|
Buildings |
120000 |
120000 |
|
|
(10000) |
(6000) |
|
Equipment |
72000 |
60000 |
|
Accumulated depreciation-Equipment |
(30000) |
(18000) |
|
Total assets |
356000 |
360500 |
|
Liabilities |
|
|
|
Account Payables |
52000 |
48000 |
|
Bank Overdraft |
- |
20000 |
|
Equity |
|
|
|
Share Capital |
214000 |
200000 |
|
|
90000 |
92500 |
|
Total liabilities and equity |
356000 |
360500 |
SydMel Ltd
Statement of
For the year ended 30 June 2020.
|
|
|
2020 |
|
income |
$ |
$ |
|
Sales revenue |
- |
445500 |
|
Less: expenses |
|
|
|
Cost of sales |
288000 |
|
|
Employee expenses |
78000 |
|
|
Interest expenses |
5000 |
|
|
Loss on sale of land |
6250 |
|
|
Depreciation expenses-buildings |
5000 |
|
|
Depreciation expenses-equipment |
15000 |
412250 |
|
Profit for the year |
|
33250 |
Additional information
- During the year ended 30 june 2020 cash dividend were paid to shareholders.
- Building expenses were paid for during the year and a block of land costing 37320 was sold for 31250
- No plant was purchased or sold during the year.
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