Financial Accounting, International Edition (with IFRS)
With my passion to change the world through education, I decided to diligently prepare the attached assignments. The more educated we are the the better world we create for the future generations
FAC3704 ASSIGNMENT 2 – SEMESTER 1 OF
2020
Tywin Ltd Group
Consolidated Statement of Profit or Loss & Other Comprehensive Income for
the year ended 31 December 2019
R
4 14 678 800
Revenue [9 851 600 + 4 313 700 + (1 540 500 ∗ )]
12
4
Cost of Sales [5 910 960 + 2 588 220 + (924 300 ∗ )] (8 807 280)
12
Gross Profit 5 871 520
4
Other Income [720 000 + 446 250 + (205 400 ∗ 12)]
9990 562
Share of Profit in Joint Venture (𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 3) 55 162
4
Other Expenses [1 045 000 + 731 250 + (319 670 ∗ 12)] (1 882 807)
Profit before tax 5 034 437
4 (1 462 560)
Income tax expense [1 012 379 + 403 334 + (140 540 ∗ 12)]
Profit for the year 3 571 877
Other Comprehensive Income 14 224
Fair value adjustment on equipment 12 999
Share of fair value adjustment on land in Joint Venture 1 225
Total Comprehensive Income 3 586 101
Profit for the year attributable to:
Owners of the parent 3 404 668
NCI (109 387 + 57 822) 167 209
3 571 877
Other Comprehensive Income attributable to:
Owners of the parent 12 924
NCI 1 300
14 224
Total Comprehensive Income
Owners of the parent (3 404 668 + 12 924) 3 417 592
NCI (167 209 + 1 300) 168 509
3 586 101
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ian09. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.56. You're not tied to anything after your purchase.