Below are the financial statements for Aspirations Pty Ltd. Statement of Financial Position at 30 June 2017 Non-Current
Posted: Mon May 02, 2022 6:49 am
Below are the financial statements for
Aspirations Pty Ltd.
Statement of Financial Position at 30 June 2017
Non-Current Assets
2017
2018
2019
Plant, Property and Equipment
425,000
405,000
399,000
Current Assets
Short-term Investments
0
0
4,300
Inventory
89,300
90,000
70,500
Receivables
161,800
166,500
140,400
Total Assets
676,100
661,500
614,200
Equity and
Liabilities
Share Capital
100,000
100,000
100,000
Revaluation Reserve
29,000
65,800
82,350
Retained earnings
214,400
286,800
384,050
Total Equity
343,400
452,600
566,400
Non-current
Liabilities
Loan
260,000
170,000
10,000
Current
Liabilities
Trade Payables
67,700
36,000
35,000
Overdraft
5,000
2,900
2,800
Total Equity and
Liabilities
676,100
661,500
614,200
Statement of Comprehensive
Income for the Year Ended 30 June 2019
2018
2019
Revenue
1,247,000
890,000
Cost of Goods Sold
839,500
576,000
Gross Profit
407,500
314,000
Administrative Expenses
56,800
51,000
Distribution Costs
118,700
79,000
Profit from Operations (EBIT)
232,000
184,000
Finance Cost
12,000
5,000
Profit Before Tax
220,000
179,000
Company Tax Expense
67,600
41,750
Net Income
152,400
137,250
Gain on Revaluation (OCI)
36,800
16,550
Total Comprehensive
Income
189,200
153,800
Dividend approved
Required:
80,000
40,000
Calculate the following ratios for in 2018 and 2019
Aspirations Pty Ltd.
Statement of Financial Position at 30 June 2017
Non-Current Assets
2017
2018
2019
Plant, Property and Equipment
425,000
405,000
399,000
Current Assets
Short-term Investments
0
0
4,300
Inventory
89,300
90,000
70,500
Receivables
161,800
166,500
140,400
Total Assets
676,100
661,500
614,200
Equity and
Liabilities
Share Capital
100,000
100,000
100,000
Revaluation Reserve
29,000
65,800
82,350
Retained earnings
214,400
286,800
384,050
Total Equity
343,400
452,600
566,400
Non-current
Liabilities
Loan
260,000
170,000
10,000
Current
Liabilities
Trade Payables
67,700
36,000
35,000
Overdraft
5,000
2,900
2,800
Total Equity and
Liabilities
676,100
661,500
614,200
Statement of Comprehensive
Income for the Year Ended 30 June 2019
2018
2019
Revenue
1,247,000
890,000
Cost of Goods Sold
839,500
576,000
Gross Profit
407,500
314,000
Administrative Expenses
56,800
51,000
Distribution Costs
118,700
79,000
Profit from Operations (EBIT)
232,000
184,000
Finance Cost
12,000
5,000
Profit Before Tax
220,000
179,000
Company Tax Expense
67,600
41,750
Net Income
152,400
137,250
Gain on Revaluation (OCI)
36,800
16,550
Total Comprehensive
Income
189,200
153,800
Dividend approved
Required:
80,000
40,000
Calculate the following ratios for in 2018 and 2019