Additions To Company Financial Statements [Matric]
Income statement
Net profit before tax [100%]
Taxation [28%]
Net profit after tax [72%]
Balance sheet
1. Interest income
2. Interest expense
3. Fixed assets
4. Inventory
5. Trade & other receivables
6. Cash & cash equivalents
7. Ordinary share capital
8. Retained income
9. Trade & other payables
Format of Note 7 [Ordinary share capital]
Authorised R
10 000 00 authorised shares (NO AMOUNT)
Issued
1 200 000 shares in issue the beginning of year 4 800 000
300 000 shares issued at a price of 500c 1 500 000
(100 000) shares repurchased at an average price of 420c per share (420 000)
[only put WA because it's the ordinary share capital note]
1 400 000 shares in issue at end of year 5 880 000 [b/d EOY]
, Format of note 8 [retained income]:
Balance at beginning of year 550 000
Net profit after tax (1 350 000 - 405 000) 945 000
Dividends (1 242 000)
Paid [interim - details = bank] 432 000
Declared [final - details = shareholders for dividends - 810 000
as they haven't been paid yet]
Buyback Of shares --
Balance at the end of the year 253 000
- If we want the cash amount of dividends [for a cash budget or cash flow
statement], use this year’s interim + last year final.
- If we want the figure in note 8 [this year's total dividends], using this year's interim
+ this year's final.
Income statement
Net profit before tax [100%]
Taxation [28%]
Net profit after tax [72%]
Balance sheet
1. Interest income
2. Interest expense
3. Fixed assets
4. Inventory
5. Trade & other receivables
6. Cash & cash equivalents
7. Ordinary share capital
8. Retained income
9. Trade & other payables
Format of Note 7 [Ordinary share capital]
Authorised R
10 000 00 authorised shares (NO AMOUNT)
Issued
1 200 000 shares in issue the beginning of year 4 800 000
300 000 shares issued at a price of 500c 1 500 000
(100 000) shares repurchased at an average price of 420c per share (420 000)
[only put WA because it's the ordinary share capital note]
1 400 000 shares in issue at end of year 5 880 000 [b/d EOY]
, Format of note 8 [retained income]:
Balance at beginning of year 550 000
Net profit after tax (1 350 000 - 405 000) 945 000
Dividends (1 242 000)
Paid [interim - details = bank] 432 000
Declared [final - details = shareholders for dividends - 810 000
as they haven't been paid yet]
Buyback Of shares --
Balance at the end of the year 253 000
- If we want the cash amount of dividends [for a cash budget or cash flow
statement], use this year’s interim + last year final.
- If we want the figure in note 8 [this year's total dividends], using this year's interim
+ this year's final.
