Bank loan (to be repaid 30 June 2015) Ordinary shares of 1 each Share premium Retained...

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Bank loan (to be repaid 30 June 2015) Ordinary shares of 1 each Share premium Retained earnings (at 1 August 20X8) ZO 1,300 1,800 1,500 2,230 15,342 15,342 Notes to the Trial Balance 1. Depreciation is to be charged on the following basis: a. Buildings - 25 years straight line b. Plant and machinery - 10 years straight line c. Motor vehicles -25% reducing balance All depreciation is charged to administrative costs. 2. Year end inventory is valued at 548,000. However it has been discovered that there are 3,000 items included within year end inventory which have been damaged. These items cost 45 but will require repair work costing 29 per item in order to be saleable for 65. 3. Administrative costs include a payment of 269,000 for premises insurance, which covered the period 1 January 20X9 to 31 December 20X9. 4. Trade receivables includes some debts which are now irrecoverable, amounting to 33,000, and therefore X plc wishes to write these debts off. The company also wishes to increase the general provision to 3% of receivables. 5. Interest on the bank loan is payable at 6% in half yearly instalments. X plc has not yet accounting for the second yment of interest on the loan. equirement: Using the information provided, complete the profit or loss expenses working below. (Round all calculations to the nearest thousand.) W1 Profit or loss expenses Purchases COS Admin. Distrib. Finance '000 '000 '000 '000 2287 ? !!! Bank loan (to be repaid 30 June 2015) Ordinary shares of 1 each Share premium Retained earnings (at 1 August 20X8) ZO 1,300 1,800 1,500 2,230 15,342 15,342 Notes to the Trial Balance 1. Depreciation is to be charged on the following basis: a. Buildings - 25 years straight line b. Plant and machinery - 10 years straight line c. Motor vehicles -25% reducing balance All depreciation is charged to administrative costs. 2. Year end inventory is valued at 548,000. However it has been discovered that there are 3,000 items included within year end inventory which have been damaged. These items cost 45 but will require repair work costing 29 per item in order to be saleable for 65. 3. Administrative costs include a payment of 269,000 for premises insurance, which covered the period 1 January 20X9 to 31 December 20X9. 4. Trade receivables includes some debts which are now irrecoverable, amounting to 33,000, and therefore X plc wishes to write these debts off. The company also wishes to increase the general provision to 3% of receivables. 5. Interest on the bank loan is payable at 6% in half yearly instalments. X plc has not yet accounting for the second yment of interest on the loan. equirement: Using the information provided, complete the profit or loss expenses working below. (Round all calculations to the nearest thousand.) W1 Profit or loss expenses Purchases COS Admin. Distrib. Finance '000 '000 '000 '000 2287 ? !!!