Solution
Nitish Lath answered on
Sep 10 2021
Financial statements
Hendri Limited Hendri Limited Hendri Limited
Balance Sheet as on 30 April 2020 Income statement for the year ended 30 April 2020 Statement of change in equity
Particulars Amount Profit before tax note
Particulars Amount Particulars Ordinary Share capital Retained earnings Accumulated Other comprehensive income Total Particulars Amount
Cu
ent Assets Sales 3,204,149 Opening balance 1,000,000 449,903 1,449,903 Sales 3,204,149
Inventory 520,037 Cost of sales 2,245,286 Add: Net income 157,738 157,738 Cost of sales 2,245,286
Trade and other receivables 595,152 Gross Profit 958,863 Add: Unrealised gain 25,000 25,000 Gross profit 958,863
Total cu
ent assets 1,115,189 Other expenses 477,121 Total 1,000,000 607,641 25,000 1,632,641 Other expenses
Depreciation on Plant and machinery 130,208 Salaries and wages 150,000
Non- cu
ent assets Depreciation on equipment 100,000 Director remuneration 200,000
Plant and machinery at cost 520,000 Loss on sale of Machine 18,292 Admin expenses 107,121
Accumulated dep on plant and machinery (249,165) Total operating expenses 725,621 Auditor remuneration 20,000
Equipment at costs 550,000 Operating profit 233,242 Depreciation on Plant and machinery 130,208
Accumulated dep on equipment (210,333) Interest on bank overdraft 6,411 Depreciation on equipment 100,000
Financial assets at fair value 555,000 Interest on debentures 65,415 Loss on sale of Machine 18,292
Total non- cu
ent assets 1,165,502 Total finance costs 71,826 Total operating expenses 725,621
Total assets 2,280,691 OperatingProfit before tax 161,416 Operating profit 233,242
Unrealized Gain on FVTPL - financial Assets 30,000 Interest on bank overdraft 6,411
Liabilites Profit before tax 191,416 Interest on debentures 65,415
Cu
ent liabilites Cu
ent tax...