The trial balance of Sabrina plc includes the following accounts as at 30 September 2010: 

Additional information: 

• The loss on valuation of available-for-sale investments recognised directly in equity was EUR 2,000 net of taxes.

•  Sabrina plc uses the single statement format for the statement of comprehensive income.

Assume you are the accountant of Sabrina plc, responsible for the preparation of the statement of comprehensive income of the company for the year ended 30 September 2010. The company classifies expenses by function.

Prepare the statement of comprehensive income of Sabrina plc, showing the analysis of expenses in the statement of comprehensive income.

Transcribed Image Text:

2,400,000 48,000 10,000 40,000 10,000 1,680,000 36,000 Interest expense Selling, distribution and administrative expenses 222,000 Tax expense 170,000 Sales revenue . Interest income Gain on disposal of PPE Valuation gain on trading investments Dividends revenue Cost of sales