The following is the summarized financial information of Number Holding Limited for the year ended...

90.2K

Verified Solution

Question

Accounting

image
image
The following is the summarized financial information of Number Holding Limited for the year ended 31 December, 2017 (with comparative figures): Statement of profit or loss for the year ended 31 December 2017 2016 29,026 29.887 (22,176 (25.116) Sales revenue Cost of goods sold Gross margin Operating expenses Operating profits Finance cost Profits before tax Profits tax Profits after tax 6,850 5,674 4,844 (1.176(1.395) 3.376 (830) 1.278) 2.098 (748)(494) 1,604 Statement of financial position as at 31 December 2017 2016 Non-current assets Property, plant and equipment Investment properties Intangible assets 48,628 43,360 6,516 7,560 56.395 51,675 Current assets Inventory Trade receivables Others receivables Cash 3,758 6,196 3,502 3,080 1,905 2,535 912 4.031 12,07715,842 68.472 67.517 Total assets Current liabilities Trade payables Other payables Tax payables Short-term bank loans 511 7.73 2,493 3,710 194 288 3,003 5.102 9,201 16,831 Non-current liabilities Borrowings 31.879 27.397 Owners' equity Ordinary shares Other reserves Retained profits 10,200 9,202 1,621 1,613 15.571 12.474 27,392 23,289 68.472 67.517 Total liabilities and equity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students