The followng trial balance reate to at 31 March 2014 s'000 490,000 s'000 Revenue inote (n...

 

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The followng trial balance reate to at 31 March 2014 s'000 490,000 s'000 Revenue inote (n Cost of sales Distribution costs Aminstative espense Loan note interest and dividends pad inotes i and o Bank intenest 290.600 31.500 36.800 13.380 900 100.000 155.500 20 yea iased property at oost inote Plant and ogipment at cot inote i Accumulated amortisaton/npreciaton at I Aprt 2013 leased property plant and equipment Iventory at 31 March 2014 25,000 43.500 61,000 61,000 Trade recevables Tade payatles Bank Equity shares of 25 cents each inote Share premium Retained eamings at 1 Apr 2013 5N conversible loan note inote t Curent tax inote (vo Defered ta inote tvi 32.200 5.500 56.000 25,000 26.080 50.000 3.200 4.600 757800 757.80 The foiowin notes ace relevant Revenue includes an amount of $20 mition for cash sales made through Xof's retal outets during the year on behalt of Francais Xol, acting as agent, is entitied to a commission of 10% of the seling price of these goods By 31 March 2014, Xhoi had emmed to Francais S15 milion tot the $2o milon sales and secorded this amount in cost of sals C Plant and equipment is depreciated at 12Ws per annum on the reducing balance basis All amortisation/depreciation of non-cument assets is chargod to cost of sales On 1 August 2013, Xol made a fully subscribed nghts issue of euty share capital based on two new shares at 60 cents each for every five shares held. The market price of hol's shares before the issue was $1 02 each. The issue has been fulty recorded in the tral balance figures O On 1 April 2013, Xtol.ssed a 5%$50 milhon converbible loan note at par, interest is payabie annually in ameans on 31 March each year The ioan note is redeemable at par or convertible into equity shares at the option of the loan note holders on 31 Manch 2016 The interest on an equivalent loan note without he conversion nghts would be 8S per annum. The present values of $1 receivable at the end of each year, based on dscount rates of S% and 8%, are 5% 095 End of year 1 093 091 079 (V An equity dividend of 4 cents per share was paid on 30 May 2013 and, after the rights issue, a further dividend of 2 cents per share was paid on 30 November 2013. tv The balance on cunent tax represents the undelover provision of the tax liatlity for the year ended 31 March 2013. A provision of $28 mitlion is requirod for cunent tax for the year ended 31 March 2014 and at this date the deferred tas liability was assessed at 583 milion. Required: (1) Prepare the statement of profit or loss for Xtol for the year ended 31 March 2014. (2) Prepare the statement of changes in equity for Xtol for the year ended 31 March 2014. (3) Prepare the statement of financial position for Xtol as at 31 March 2014. The followng trial balance reate to at 31 March 2014 s'000 490,000 s'000 Revenue inote (n Cost of sales Distribution costs Aminstative espense Loan note interest and dividends pad inotes i and o Bank intenest 290.600 31.500 36.800 13.380 900 100.000 155.500 20 yea iased property at oost inote Plant and ogipment at cot inote i Accumulated amortisaton/npreciaton at I Aprt 2013 leased property plant and equipment Iventory at 31 March 2014 25,000 43.500 61,000 61,000 Trade recevables Tade payatles Bank Equity shares of 25 cents each inote Share premium Retained eamings at 1 Apr 2013 5N conversible loan note inote t Curent tax inote (vo Defered ta inote tvi 32.200 5.500 56.000 25,000 26.080 50.000 3.200 4.600 757800 757.80 The foiowin notes ace relevant Revenue includes an amount of $20 mition for cash sales made through Xof's retal outets during the year on behalt of Francais Xol, acting as agent, is entitied to a commission of 10% of the seling price of these goods By 31 March 2014, Xhoi had emmed to Francais S15 milion tot the $2o milon sales and secorded this amount in cost of sals C Plant and equipment is depreciated at 12Ws per annum on the reducing balance basis All amortisation/depreciation of non-cument assets is chargod to cost of sales On 1 August 2013, Xol made a fully subscribed nghts issue of euty share capital based on two new shares at 60 cents each for every five shares held. The market price of hol's shares before the issue was $1 02 each. The issue has been fulty recorded in the tral balance figures O On 1 April 2013, Xtol.ssed a 5%$50 milhon converbible loan note at par, interest is payabie annually in ameans on 31 March each year The ioan note is redeemable at par or convertible into equity shares at the option of the loan note holders on 31 Manch 2016 The interest on an equivalent loan note without he conversion nghts would be 8S per annum. The present values of $1 receivable at the end of each year, based on dscount rates of S% and 8%, are 5% 095 End of year 1 093 091 079 (V An equity dividend of 4 cents per share was paid on 30 May 2013 and, after the rights issue, a further dividend of 2 cents per share was paid on 30 November 2013. tv The balance on cunent tax represents the undelover provision of the tax liatlity for the year ended 31 March 2013. A provision of $28 mitlion is requirod for cunent tax for the year ended 31 March 2014 and at this date the deferred tas liability was assessed at 583 milion. Required: (1) Prepare the statement of profit or loss for Xtol for the year ended 31 March 2014. (2) Prepare the statement of changes in equity for Xtol for the year ended 31 March 2014. (3) Prepare the statement of financial position for Xtol as at 31 March 2014.