Exam (elaborations)
ASSIGNMENT
- Institution
- University Of South Africa (Unisa)
Exam of 2 pages for the course Selected Accounting Standards and Simple Group Structures at Unisa (FAC2602)
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15748952FAC2602 – Assessment 1
Part A
Consolidated statement of profit or loss and other comprehensive income for the year ended 30
June 2023
R
Revenue (7 000 000 + 5 500 000) 12 500 000
Cost of sales (2 800 000 + 2 200 000) (5 000 000)
Gross profit 7 500 000
Other income (780 000 + 348 000) 1 128 000
Other expenses (400 000 + 850 000) (1 250 000)
Finance cost (90 000 + 85 000) (175 000)
Profit before tax 7 203 000
Income tax expenses (1 257 200 + 759 640) 2 016 840
Profit of the year 9 219 840
Other comprehensive income -
Total comprehensive income for the year 9 219 840
Total comprehensive income attributable to: R
Owners of the parent (9 219 840 - ) 9 219 840
Non – controlling interest -
9 219 840
Part B:
Consolidated statement of changes in equity for the year ended 30 June 2023
Ordinary Retained Total
share capital earnings
R R R
Balance at 01 500 000 3 500 000 4 000 000
July 2022
Total 3 232 800 3 232 800
comprehensive
income
Profit of the 3 232 800 3 232 800
year
Other
comprehensive
income
Dividends paid (100 000) (100 000)
Balance at 30 12 719 840 13 219 840
June 2023
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