write why it's decrease and increase in percentage
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![SALALAH MILLS CO (S.A.O.G)
BALANCE SHEET AS OF 31 MAR
2021
ASSETS
31/03/2020
31/03/2019
Current Assets:
RO
RO.
Cash at bank and in hand
3,361,399
5,589,478
Receivables and prepayments
10,330,783
13,181,608
Investments
397,556
386,549
Inventories
20,355,909
17,949,415
Total Current Assets
34,445,647
37,107,051
Non-current Assets:
Property, plant and equipment
29,488,326
29,434,135
Total Non-current Assets
29,488,326
29,434,135
TOTAL ASSETS
63,933,973
66,541,186
LIABILITIES AND EQUITY
Current Liabilities:
Bank borrowings
18,227,598
25,113,572
Payables and accruals
9,092,743
2,519,605
Lease liability under IFRS- current
82,424
60,000
Term loans, current maturities
215,652
Provision for Income Tax
470,200
216,866
Total Current Liabilities
27,872,963
28,125,695
Non-current Liabilities:
Bank borrowings
1,558,857
5,000,000
Lease liability under IFRS
897,820
540,217
Deferred tax liability
1,145,611
1,023,123](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07958dfd-e59e-413e-84c1-cea0db0c4133%2F15c9405d-b6ea-4416-81d5-3e346a7024f5%2F7ffotad_processed.jpeg&w=3840&q=75)
Transcribed Image Text:SALALAH MILLS CO (S.A.O.G)
BALANCE SHEET AS OF 31 MAR
2021
ASSETS
31/03/2020
31/03/2019
Current Assets:
RO
RO.
Cash at bank and in hand
3,361,399
5,589,478
Receivables and prepayments
10,330,783
13,181,608
Investments
397,556
386,549
Inventories
20,355,909
17,949,415
Total Current Assets
34,445,647
37,107,051
Non-current Assets:
Property, plant and equipment
29,488,326
29,434,135
Total Non-current Assets
29,488,326
29,434,135
TOTAL ASSETS
63,933,973
66,541,186
LIABILITIES AND EQUITY
Current Liabilities:
Bank borrowings
18,227,598
25,113,572
Payables and accruals
9,092,743
2,519,605
Lease liability under IFRS- current
82,424
60,000
Term loans, current maturities
215,652
Provision for Income Tax
470,200
216,866
Total Current Liabilities
27,872,963
28,125,695
Non-current Liabilities:
Bank borrowings
1,558,857
5,000,000
Lease liability under IFRS
897,820
540,217
Deferred tax liability
1,145,611
1,023,123
![Total Non-current Liabilities
3,602,288
6,563,340
Total Liabilities
31,475,251
34,633,396
Shareholders' Equity:
Share capital
4,996,306
4,996,306
Share Premium
3,587,782
3,587,782
Legal reserve
2,089,103
2,089,103
general reserve
2,891,826
2,891,826
Retained earnings
18,893,704
18,342,772
Total Shareholders' equity
32,458,722
31,907,789
TOTAL LIABILITIES AND EQUITY
63,933,973
66,541,186
Net Assets Per Share
0.650
0.639](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07958dfd-e59e-413e-84c1-cea0db0c4133%2F15c9405d-b6ea-4416-81d5-3e346a7024f5%2Fkbnnnv8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Total Non-current Liabilities
3,602,288
6,563,340
Total Liabilities
31,475,251
34,633,396
Shareholders' Equity:
Share capital
4,996,306
4,996,306
Share Premium
3,587,782
3,587,782
Legal reserve
2,089,103
2,089,103
general reserve
2,891,826
2,891,826
Retained earnings
18,893,704
18,342,772
Total Shareholders' equity
32,458,722
31,907,789
TOTAL LIABILITIES AND EQUITY
63,933,973
66,541,186
Net Assets Per Share
0.650
0.639
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