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IFRS

The trial balance of Tanhosier Ltd as at 31 March 2020 is as follows: $ $ Sales 50,332 Purchases 29,778 10 Property, plant and equipment - cost 59,088 Property, plant and equipment - accumulated 25 486 11 depreciation ' 12 Inventories as at 1 April 2019 7,865 13 Interest 200 14 Accruals 426 15 Distribution costs 8,985 16 Administrative expenses 7,039 17 Retained earnings as at 1 April 2019 23,457 18 Trade receivables 9,045 19 Cash at bank 182 20 8% bank loan repayable 2023 5,000 21 Share capital 15,000 22 Trade payables 2,481 23 24 ##1## 122,182 Z6 Z7 28 29 30 31 32 33 34 35 36 Further Information The following further information is available: 1. The share capital of the company consists of ordinary shares with a nominal value of $1 each. No dividends are to be paid for the current year. 2. The sales and trade receivable gures in the trial balance include sales made on credit for April 2020 amounting to $3,147. 3. Closing inventories on 31 March 2020 cost $8,107. 4. Distribution transport costs of $157 relating to March 2020 are not included in the trial balance as the invoice was received after the year end. 5. Loan interest for the last six months of the year has not been paid or accounted for. 6. The corporation tax charge for the year has been calculated as $235. Required Draft the statement of comprehensive income of Tanhosier Ltd for the year to 31 March 2020 and a statement of nancial position at that date