ROGER
(i)
ROGER PLC
Trading and profit and loss account for the year ended 31 December 19X2
RM
RM
Sales
288,000
Less: Return Inwards
(11,500)
Net Sales
276,500
Less: Cost of Sales
Opening Inventory
Purchases
Less: Return Outwards
Carriage Inwards
Less: Closing Inventory
57,500
164,000
(2,000)
1,300
(64,000)
Gross Profit
(156,800)
119,700
Less: Distribution Costs
Wages and salaries (8,400x 1/3)
2,800
Rent and rates (6,250 x 60%)
3,750
General distribution expenses
4,860
Motor expenses (7,200 x ½)
3,600
Depreciation of motor vehicles (26,000 x 25%)
6,500
Depreciation of equipment (3,500 x 20%)
700
(22,210)
97,490
Less: Administrative Expenses
Wages and salaries (8,400x 2/3)
5,600
Rent and rates (6,250 x 40%)
2,500
General administrative expenses
3,320
Discount allowed
3,940
Bad debts
Motor expenses (7,200 x ½)
570
3,600
Depreciation of motor vehicles (14,000 x 25%)
3,500
Depreciation of equipment (5,500 x 20%)
1,100
Auditors’ remuneration
500
(24,630)
72,860
Add: Other operating income:Royalties receivable
1,800
74,660
Interest received on bank deposit
770
Income from shares in undertakings in which the
660
1,430
Company has a participating interest
76,090
Less: Interest Payable:Debenture interest
(2,400)
Profit on ordinary activities before taxation
73,690
Tax on profit on ordinary activities
(30,700)
Profit on ordinary activities after taxation
42,990
Retained profit brought forward from last year
15,300
58,290
Transfer to general reserve
(8,000)
Proposed ordinary dividend
(30,000)
(38,000)
Retained profit carried forward to next year
20,290
(ii)
ROGER PLC
Trading and profit and loss account for the year ended 31 December 19X2
RM
Sales
RM
276,500
Cost of sales
(156,800)
Gross Profit
119,700
Distribution costs
(22,210)
Administrative expenses
(24,630)
(46,840)
72,860
Other operating income
1,800
74,660
Interest received on bank deposit
770
Income from shares in undertakings in which the
660
1,430
Company has a participating interest
76,090
Interest payable
(2,400)
Profit on ordinary activities before taxation
73,690
Tax on profit on ordinary activities
(30,700)
Profit on ordinary activities after taxation
42,990
Transfer to general reserve
(8,000)
Proposed ordinary dividend
(30,000)
Retained profit for the financial year
(38,000)
4,990
Fast Ltd
FAST LTD
Statement of profit or loss and other comprehensive income for the year ended 31 October
2021
RM
RM
Revenue
1,800,000
Less: Return Inwards
(35,000)
Net Sales
1,765,000
Less: Cost of Sales
Opening Inventory
Purchases
Less: Return Outwards
160,000
1,105,000
(11,000)
Energy expenses (90,000x60%)
54,000
Wages and salaries (200,000x 40%)
80,000
Less: Closing Inventory
(85,000)
Gross Profit
462,000
Less: Distribution Costs
Energy expenses (90,000 x 0.1)
(1,303,000)
9,000
Wages and salaries (200,000 x 0.25)
50,000
Carriage outwards
57,000
(116,000)
346,000
Less: Administrative Expenses
Discount received
(90,000)
Energy expenses (90,000x0.3)
27,000
Wages and salaries (200,000x 0.35)
70,000
Director remuneration
48,000
Administration expenses
34,000
Profit from operation
(89,000)
257,000
Finance cost: Interest on loan note (10,000 x 9/12)
(7,500)
Profit before taxation
249,500
Income tax expenses
(23,000)
Profit for the year
226,500
Other comprehensive income for the year:
Revaluation surplus
60,000
Total comprehensive income for the year
286,500
Hullmark
HULLMARK LTD
Statement of profit or loss and other comprehensive income for the year ended 31 October
2021
RM’000
RM’000
Revenue
2,200
Less: Return Inwards
(60)
Net Sales
2,140
Less: Cost of Sales
Opening Inventory
Purchases
Less: Return Outwards
Energy expenses (110,000x60%)
140
1,350
(30)
66
Wages and salaries (280,000x 40%)
112
Less: Closing Inventory
(90)
(1,548)
Gross Profit
592
Less: Distribution Costs
Energy expenses (110,000 x 0.1)
11
Wages and salaries (280,000 x 0.25)
70
Carriage outwards
60
(141)
451
Less: Administrative Expenses
Discount received
(100)
Energy expenses (110,000x0.3)
33
Wages and salaries (280,000x 0.35)
98
Director remuneration
70
Administration expenses
50
(151)
Profit from operation
300
Finance cost: Interest on loan note (260,000x 0.05x 9/12)
(9.75)
Profit before taxation
290.25
Income tax expenses
(50)
Profit for the year
240.25
Other comprehensive income for the year:
Revaluation surplus (980,000-790,000)
190
Total comprehensive income for the year
430.25
BENSON
BENSON LTD
Statement of profit or loss and other comprehensive income for the year ended 31
December 20X1
RM
Revenue
Less: Cost of Sales
RM
220,800
Opening Inventory
10,700
Purchases
146,400
Less: Closing Inventory
(22,000)
(135,100)
Gross Profit
85,700
Less: Distribution Costs
(11,800)
73,900
Less: Administrative Expenses
(34,600)
Profit from operation
39,300
Finance cost
(400)
Profit before taxation
38,900
Income tax expenses
(14,300)
Profit for the year
24,600
Other comprehensive income for the year:
Revaluation reserve
6,700
Total comprehensive income for the year
31,300
BENSON LTD
STATEMENT OF CHANGES OF EQUITY FOR THE YEAR ENDED 31 DECEMBER
20X1
Share Capital
Balance
at
Revaluation
Retained
reserve
earning
3,400
20,100
59,700
-
6,700
24,600
31,300
-
-
(2,300)
(2,300)
10,100
42,400
88,700
1 36,200
Total
January 20X1
Changes
in
equity
Total
comprehensive
income
Dividend
Balance at 31 36,200
December 20X1
FALCONER
FALCONER PLC
Trading and profit and loss account for the year ended 31 August 19X4
RM
RM
Sales
815,920
Less: Return Inwards
(15,380)
Net Sales
800,540
Less: Cost of Sales
Opening Inventory
128,750
Purchases
540,500
Less: Return Outwards
(24,620)
Carriage Inwards
Less: Closing Inventory
5,100
(144,510)
Wages
6,370
Hire of plant and machinery
8,920
Gross Profit
(520,510)
280,030
Less: Distribution Costs
Wages and salaries (8,400x 1/3)
2,800
Rent and rates (6,250 x 60%)
3,750
General distribution expenses
4,860
Motor expenses (7,200 x ½)
3,600
Depreciation of motor vehicles (26,000 x 25%)
6,500
Depreciation of equipment (3,500 x 20%)
700
(22,210)
97,490
Less: Administrative Expenses
Wages and salaries (8,400x 2/3)
5,600
Rent and rates (6,250 x 40%)
2,500
General administrative expenses
3,320
Discount allowed
3,940
Bad debts
570
Motor expenses (7,200 x ½)
3,600
Depreciation of motor vehicles (14,000 x 25%)
3,500
Depreciation of equipment (5,500 x 20%)
1,100
Auditors’ remuneration
500
(24,630)
72,860
Add: Other operating income:Royalties receivable
1,800
74,660
Interest received on bank deposit
770
Income from shares in undertakings in which the
660
1,430
Company has a participating interest
76,090
Less: Interest Payable:Debenture interest
(2,400)
Profit on ordinary activities before taxation
73,690
Tax on profit on ordinary activities
(30,700)
Profit on ordinary activities after taxation
42,990
Retained profit brought forward from last year
15,300
58,290
Transfer to general reserve
(8,000)
Proposed ordinary dividend
(30,000)
Retained profit carried forward to next year
(38,000)
20,290
Calton Ltd
CALTON LTD
Statement of profit or loss and other comprehensive income for the year ended 31
December 20X1
RM
Revenue
RM
240,400
Less: Cost of Sales
Opening Inventory
16,300
Purchases
163,000
Less: Closing Inventory
(25,000)
(154,300)
Gross Profit
86,100
Less: Distribution Costs
(22,000)
64,100
Less: Administrative Expenses
(34,600)
Profit from operation
29,500
Finance cost
(3,900)
Profit before taxation
25,600
Income tax expenses
(15,100)
Profit for the year
10,500
Other comprehensive income for the year:
Revaluation reserve
8,300
Total comprehensive income for the year
18,800
CALTON LTD
STATEMENT OF CHANGES OF EQUITY FOR THE YEAR ENDED 31 DECEMBER
20X1
Share
Share
Revaluation
Retained
Capital
premium
reserve
earning
4,000
5,600
22,100
76,700
8,300
10,500
18,800
Balance at 1 45,000
Total
January 20X1
Changes
in
equity
Total
-
comprehensive
income
Ordinary share 8,000
1,600
9,600
issue
Dividend
-
Balance at 31 53,000
December
20X1
5,600
-
(7,000)
(7,000)
13,900
25,600
98,100
Calton Ltd
Statement of financial position as at 31 december 20X1
RM
RM
Assets
Non-current Assets
Property, plant and equipment
90,600
Current Assets
Closing Inventory
25,000
Trade and other receivables
34,200
Total Assets
59,200
149,800
Equity and Liabilities
Equity
Share capital
53,000
Share premium
5,600
Revaluation reserve
13,900
Retained earning
25,600
Total Equity
98,100
Non-current liabilities
Bank loan repayable at 21X9
8,200
Current liabilities
Bank overdraft (14,900-9,600)
5,300
Trade and other payables
23,100
Tax liabilities
15,100
Total liabilities
Total equity and liabilities
51,700
149,800
Orbit Berhad
Orbit Berhad
Statement of comprehensive income for the year ended 31 December 2017
RM’000
RM’000
Revenue
4,260
Less: Cost of Sales
Opening Inventory
Purchases
Employee costs (600 x 0.3)
Other operating expenses (350 x 0.2)
Less: Closing Inventory
198
1,450
180
70
(142)
Gross Profit
(1,756)
2,504
Other income
Income from investments
30
Bank interest
28
58
2,562
Less: Administrative Costs
Employee costs (600 x 0.1)
60
Other operating expenses (350 x 0.4)
140
Directors’ remuneration
311
Discount allowed
19
Audit fee
22
Depreciation of equipment
12
(564)
1,998
Less: Selling & Distribution Expenses
Employee costs (600x 0.6)
360
Other operating expenses (350 x 0.4)
140
Carriage outwards
305
Advertising & promotion
147
Depreciation of equipment
48
(1,000)
Profit before interest and tax
998
Finance cost
(70)
Profit before taxation
928
Income tax expenses
(477)
Profit for the year
451
Other comprehensive income for the year:
Revaluation reserve
180
Total comprehensive income for the year
631
Orbit Berhad
STATEMENT OF CHANGES OF EQUITY (FOR RETAINED EARNING ONLY) FOR
THE YEAR ENDED 31 DECEMBER 2017
Retained
Earning
(RM’000)
Balance at 1 January 2017
918
Net profit for the year
451
Dividend paid
(48)
Balance at 31 December 2017
1,321
Orbit Berhad
Statement of financial position as at 31 December 2017
RM’000
RM’000
Assets
Non-current Assets
Property, plant, and equipment
3,975
Investment
490
Current Assets
Closing Inventory
142
Trade receivables
410
Cash & cash equivalents
103
Other operating expenses paid in advance
10
665
Total Assets
5,130
Equity and Liabilities
Equity
Share capital
1,200
Share premium
230
Revaluation reserve
850
Retained earning
1,321
Total Equity
3,601
Non-current liabilities
10% debentures
700
Current liabilities
Trade payables
260
Tax liabilities
477
Accrued audit fee
22
Accrued employee costs
50
Accrued debenture interest
20
829
Total liabilities
1,529
Total equity and liabilities
5,130