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APOLLO ENTERPRISES (PTY) LTD Income statement for the year ended 31 December 2015 Sales (60...

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Accounting

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APOLLO ENTERPRISES (PTY) LTD Income statement for the year ended 31 December 2015 Sales (60 % on credit) Cost of sales (50 % on credit) Depreciation Proft before Interest and Tax Interest paid Taxable profit Tax Net profit after tax Dividends Addition to retained earnings 18 000 1 400 7 600 1 200 6 400 2 089 4 311 1 352 2 959 APOLLO ENTERPRISES (PTY) LTD Balance Sheet as at 31 December 2015 2014 2015 Non-current assets Plant and equipment Current assets Inventory Debtors Cash Total assets 16 968 16 200 5 740 2 230 808 25 746 8 450 3 232 494 28 376 3 600 3 600 Owner's Equity Share capital 12 859 15 818 Non-current liabilities Long term loan Current liabilities Short term loan Creditors Total equity and liabilities 6 800 6 300 750 1 737 25 746 800 1 858 28 376

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