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    Task 1

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    Simran Gangane
    The document provides financial statements for a company in FY23 including a profit and loss statement, balance sheet, and bank account statement. The profit and loss statement shows revenues of $7M, costs of $4M, gross profit of $3M, expenses of $300k, EBIT of $2.7M, taxes of $810k, and PAT of $1.89M. The balance sheet lists total assets of $31.7M including PPE of $10M and inventory of $1M, and total liabilities/equity of $31.7M including initial equity of $30M and retained earnings of $1.7M. The bank account statement starts at $0,

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    Task 1

    Uploaded by

    Simran Gangane
    15 views3 pages
    The document provides financial statements for a company in FY23 including a profit and loss statement, balance sheet, and bank account statement. The profit and loss statement shows revenues of $7M, costs of $4M, gross profit of $3M, expenses of $300k, EBIT of $2.7M, taxes of $810k, and PAT of $1.89M. The balance sheet lists total assets of $31.7M including PPE of $10M and inventory of $1M, and total liabilities/equity of $31.7M including initial equity of $30M and retained earnings of $1.7M. The bank account statement starts at $0,

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    TASK 1

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    The document provides financial statements for a company in FY23 including a profit and loss statement, balance sheet, and bank account statement. The profit and loss statement shows revenues of $7M, costs of $4M, gross profit of $3M, expenses of $300k, EBIT of $2.7M, taxes of $810k, and PAT of $1.89M. The balance sheet lists total assets of $31.7M including PPE of $10M and inventory of $1M, and total liabilities/equity of $31.7M including initial equity of $30M and retained earnings of $1.7M. The bank account statement starts at $0,

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    15 views3 pages

    Task 1

    Uploaded by

    Simran Gangane
    The document provides financial statements for a company in FY23 including a profit and loss statement, balance sheet, and bank account statement. The profit and loss statement shows revenues of $7M, costs of $4M, gross profit of $3M, expenses of $300k, EBIT of $2.7M, taxes of $810k, and PAT of $1.89M. The balance sheet lists total assets of $31.7M including PPE of $10M and inventory of $1M, and total liabilities/equity of $31.7M including initial equity of $30M and retained earnings of $1.7M. The bank account statement starts at $0,

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    GIVEN DATA: PROFIT & LOSS STATEMENT

    FY 23
    equity raised 30,000,000 sales/Revenue 7,000,000
    purchased PPE 10,000,000 COGS/direct/raw mate 4000000
    purchased inventory 5,000,000 Cost as % of sales 57.14%
    inventory sold 4,000,000 COGS Gross Profit 3,000,000
    Gross margin 42.86%
    sales 7,000,000 employee exp 100,000
    employee exp 100,000 other exp 200,000
    other exp 200,000 Operating Profit/EB 2,700,000
    Depreciation 0
    EBIT 2,700,000
    tax rate 40% Interest 0
    dividend payout 10% Other income 0
    EBT 2,700,000
    Tax 810000
    Tax rate 30.00%
    PAT 1,890,000
    BALANCE SHEET
    Liabilities FY23 Assets
    Sources of funds Application of funds
    equity share capital 30,000,000 PPE

    other equity/ Reserves & 1,701,000


    Inventories

    Cash at bank

    TOTAL 31,701,000 TOTAL

    Inventory schedule / Notes of Ac


    opening balance
    Add: Purchases
    Subtract: COGS
    Closing balance

    Other equity
    Opening
    Add: Profit of the year
    Subtract: Dividend
    Closing

    dividend payout

    equity share capital


    Opening
    Add: Equity raised
    Subtract: Buyback
    Closing
    BANK ACCOUNT STATEMENT
    FY23 FY 23
    Opening balance 0
    10,000,000 proceeds from equity hold 30000000
    purchase of PPE -10,000,000
    purchase of Inventory -5000000
    1,000,000 Inventory sold 4000000
    PAT 1,890,000
    Dividend paid -189000

    20701000

    31,701,000 Closing Balance 20701000

    FY 23
    0
    5000000
    4000000
    1000000

    FY23
    0
    1,890,000
    189000
    1,701,000

    10%

    FY23
    0
    30000000
    0
    30000000

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