Question: prepare the supplementary income statement by applying cpp approach of 2019. AL MAHA CERAMICS SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER

prepare the supplementary income statement by applying cpp approach of 2019.

AL MAHA CERAMICS SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 Note 2020 RO 2012 RO 18 Revenue Cost of sales 9,009,838 7.440,084 (5,912,913) (5,111,354) 19 20 Gross profit Other income Selling and distribution expenses General and administrative expenses Allowance for expected credit loss (net) 21 3,096,925 45,935 (717,238) (540,265) (46,386) 2.328,730 54.192 (651,862) (488,926) (8,235) 22 General price Index 2019: Jan 1 2019 113.4 Dec 31 2019 113.5 Average 2019 113.45 8 1,838,971 1,233,899 Profit from operations Finance charges 23 (44,473) Realised gain on sale of investments at fair value through profit or loss (54,668) 10,547 Profit for the year before taxation 1,794,498 1,189,778 Income tax 16 (270,187) Net profit and total comprehensive income for the year (178.466) 1,011,312 1,524,311 Basic and diluted earnings per share 17 0.028 0.018

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