TABLE OF CONTENTS Consolidated income statement for the year ended 30 September 2002
| $000 | ||
|---|---|---|
| Sales revenue | (24,000 + 6/12 20,000) | 34,000 |
| Cost of sales | (16,600 + 6/12 11,800) | (22,500) |
| Gross profit | 11,500 | |
| Operating expenses | (1,600 + 6/12 1,000 + 3,000 goodwill amortisation) | (5,100) |
| 6,400 | ||
| Taxation | (2,000 + 6/12 3,000) | (3,500) |
| Profit for the year | 2,900 |
Consolidated balance sheet as at 30 September 2002
| $000 | $000 | ||
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment | (64,000 + 35,000) | 99,000 | |
| Investments | (nil + 12,800 + 5,000 fair value adjustment) | 17,800 | |
| Goodwill (WI) | (30,000 - (30,000/5 years = 6,000 1/2 year)) | 27,000 | |
| 143,800 | |||
| Current assts | |||
| Inventories | (22,800 + 23,600) | 46,400 | |
| Trade accounts receivables | (16,400 + 24,200) | 40,600 | |
| Cash and bank | (500 + 200) | 700 | |
| 87,700 | |||
| Total assets | 231,500 | ||
| Equity and liabilities | |||
| Ordinary shares of $1 each | (20,000 + 12,000 5/4) | 35,000 | |
| Reserves | |||
| Share premium | (4,000 + 12,000 5/4 $5) | 79,000 | |
| Accumulated profits | (57,200 + 4,200 6/12 - 3,000 gw) | 56,300 | 135,300 |
| 170,300 | |||
| Non-current liabilities | |||
| 8% Loan notes | (5,000 + 18,000) | 23,000 | |
| Current liabilities, | |||
| Trade accounts payable | (15,300 + 17,700) | 33,000 | |
| Taxation | (2,200 + 3,000) | 5,200 | 38,200 |
| 231,500 |
| $000 |
|---|
