Balance Sheet 20X5 20X4
Assets
Non-current Assets
Property, plant and equipment, at cost 89,500 68,600
Deduct Accumulated depreciation 41,900 37,600
Property, plant and equipment, net 47,600 31,000
Non-current investment 5,500 14,600
Current assets
Inventories 21,300 16,400
Trade receivables (net of allowance
for credit losses 2900 ;1800) 9,800 4,300
Cash and cash equivalents 1,200 3,800
Other current assets: prepaid expense 2,400 1,500
Total assets 87,800 71,600
Equity and Liabilities
Equity
Equity share capital 49,000 41,000
Other equity 12,600 9,700
Liabilities
Non-current liabilities
Borrowings 9,500 14,200
Bills payable 5,500 0
Current liabilities
Trade payables 10,300 4,800
Current tax liabilities 900 1,900
Total equity and liabilities 87,800 71,600
Income Statement 2005
Sales 92,700
Dividend income 1,800
Interest income 1,200
Gain on sale of plant 2,300
Total income 98,000
Expenses
Cost of goods sold 75,100
Finance costs 2,200
Selling and administrative
expenses 14,500
Loss on sale of investments 1,400
Total expense 93,200
Profit before tax 4,800
Tax expense 1,900
Profit for the period 2,900
Additional information:
1. Property, plant and equipment include land, Rs.7,500 in 20X5 and 20X4. Land is not depreciated.
2. Purchased machinery for cash, Rs.19,900.
3. Sold a plant, RS.5,000 (cost, Rs.4,500; accumulated depreciation, Rs.1,800).
4. Purchased machinery on long-term credit, Rs.5,500.
5. Purchased investments, Rs.1,900.
6. Sold investments, Rs.9,600 (cost, Rs.11,000).
7. Redeemed debentures, Rs.4,700.
8. Issued at par equity shares, Rs.8,000.
9. Wrote off Rs.2,100 of trade receivables and recognized bad debt expense of Rs.3,200, included in
selling and administrative expenses.
10. Cost of goods sold includes depreciation of Rs.6,100.
