Scribd Logo
Upload

Welcome to Scribd!

  • 23 views

    Format of FS-1

    Uploaded by

    Happy Pills
    The document provides an explanation of key items in a statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of financial position for a company called FAR160 Berhad for the year ended 20X1. It defines items such as other income, distribution costs, administrative expenses, finance costs, income from investment, and earnings per share. It also provides an example of notes that may accompany financial statements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Format of FS-1

    Uploaded by

    Happy Pills
    23 views4 pages
    The document provides an explanation of key items in a statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of financial position for a company called FAR160 Berhad for the year ended 20X1. It defines items such as other income, distribution costs, administrative expenses, finance costs, income from investment, and earnings per share. It also provides an example of notes that may accompany financial statements.

    Original Description:

    Far160

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides an explanation of key items in a statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of financial position for a company called FAR160 Berhad for the year ended 20X1. It defines items such as other income, distribution costs, administrative expenses, finance costs, income from investment, and earnings per share. It also provides an example of notes that may accompany financial statements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views4 pages

    Format of FS-1

    Uploaded by

    Happy Pills
    The document provides an explanation of key items in a statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of financial position for a company called FAR160 Berhad for the year ended 20X1. It defines items such as other income, distribution costs, administrative expenses, finance costs, income from investment, and earnings per share. It also provides an example of notes that may accompany financial statements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    FORMAT FOR CLASSROOM DISCUSSION

    FAR160 BERHAD
    Statement of Profit or Loss and other Comprehensive Income for the year ended
    20X1

    Notes RM’000
    Revenue/sales/turnover XX
    Cost of sales (XX)
    Gross profit XX
    Other income (1) XX
    Distribution costs (2) (XX)
    Administrative expenses (3) (XX)
    Operating profit XX
    Finance costs (4) (XX)
    Income from investment (5) XX
    Profit before tax XXX
    Tax expense (6) (XX)
    Profit after tax / Net profit for the year XXX

    Other comprehensive income:


    Surplus on revaluation of property XX

    Earnings per shares (EPS) (7) RM xxx

    Explanation on items in SOPL


    NO ITEMS DEFINITION EXAMPLES
    1. Other income Income that arise from the Rent received, commission received, gain on
    operating activities. disposal.
    2. Distribution Costs incurred in procuring and Carriage outwards, depreciation on motor
    costs sustaining the sales. vehicles, advertising expenses, salesmen’s
    commission.
    3. Administrative Costs incurred in running the Staff salaries, directors’ remuneration,
    expenses business. bonus, auditor’s fee, depreciation on
    building, depreciation on plant and
    machinery, depreciation on fixtures and
    fittings, bad debts.
    4. Finance costs Costs of using borrowed capital. Interest on loan, interest on debentures,
    bank charges, dividend payable to
    Redeemable Preference Shareholders.
    5. Income from Income from investing activities
    investment either in short-term or long-term Interest income, dividend income.
    investments.
    6. Tax expense Consists of income tax payable Tax charged for the year by Inland Revenue
    to the Inland Revenue Board. Board
    7. Earnings per Amount earn for every shares Dividing the profit attributable to ordinary
    share held. shareholders with the weighted average
    number of ordinary shares outstanding
    during the period.

    FAR160 BERHAD
    Statement of Changes in Equity for the year ended 20X1

    Ordinary Pref. Retained Asset General


    Share Share profits Rev. reserve
    capital capital Reserve
    RM’000 RM’000 RM’000 RM’000 RM’000
    Balance b/d XX XX XX XX XX
    Profit/(loss) for the year XX/(XX)
    Issue of shares capital XX XX
    Bonus issue XX (XX)
    Interim dividend – OSC & PSC (XX)
    Final dividend – OSC & PSC (XX)
    Transfer to general reserve (XX) XX
    Transfer from general reserve XX (XX)
    Surplus on revaluation XX
    Balance c/d XX XX XX XX XX

    FAR160 BERHAD
    Statement of Financial Position as at 20X1

    Notes RM’000
    ASSETS
    NON-CURRENT ASSETS
    Property, plant and equipment XX
    Investments XX
    XXX
    CURRENT ASSETS
    Inventories XX
    Accounts receivable XX
    Tax recoverable XX
    Prepayments XX
    Cash in hand and at bank XX
    TOTAL ASSETS XXX

    EQUITY AND LIABILITIES


    EQUITY
    Share capital XX
    Reserves XX
    XXX
    NON-CURRENT LIABILITIES
    Long-term borrowings XX
    X% Debentures XX

    CURRENT LIABILITIES
    Accounts payable XX
    Tax payable XX
    Dividend payable XX
    Bank overdraft XX
    Short-term borrowings XX
    Accruals XX
    TOTAL EQUITY AND LIABILITIES XXX

    Example of Notes to the financial statements:


    1. Profit before tax

    Profit before tax is arrived after charging:


    RM
    Depreciation expense xx
    Directors’ remuneration xx
    Auditors’ fees xx
    Interest on debentures/loan xx
    Interest on overdraft xx

    And after crediting:


    Income from investment xx
    Interest income xx

    2. Property, plant and equipment:

    Plant &
    Land Building Total
    Machinery
    (RM) (RM) (RM)
    (RM)
    Cost
    Balance b/d xx xx xx xx
    Revaluation surplus/Acquisition xx - - xx
    Balance c/d xx xx xx xx

    Accumulated Depreciation
    Balance b/d - (xx) (xx) (xx)
    Current year depreciation - (xx) (xx) (xx)
    Balance c/d (xx) (xx) (xx)

    Carrying value as at….. xx xx xx xx

    3. Earnings per share:

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy