The following information was extracted from the financial statements of I. Ching (Booksellers) plc for the year
Question:
The following information was extracted from the financial statements of I. Ching (Booksellers) plc for the year to 31 December 2009:
£m
Finance charges.......................................................................40
Cost of sales...........................................................................460
Distribution expenses..............................................................110
Revenue..................................................................................943
Administrative expenses.........................................................212
Other expenses.........................................................................25
Gain on revaluation of property, plant and equipment...............20
Loss on foreign currency translations on foreign operations.....15
Tax on profit for the year............................................................24
Tax on other components of comprehensive income..................1
Prepare a statement of comprehensive income for the year ended 31 December 2009 that is set out in accordance with the requirements of IAS 1 Presentation of Financial Statements.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting for Decision Makers
ISBN: 978-0273763451
6th Edition
Authors: Peter Atrill, Eddie McLaney