Financial Accounting Analysis Assignment

Financial Accounting Analysis Assignment

Statement of Financial Position

The Statement of Financial Position of Mars Ltd. as at 30th June, 2012

Notes Mars Ltd. ($)

ASSETS

Current assets

Account receivables 600,000

Inventory 520,000

Total Current assets 1,120,000

Non-Current assets

Plant and equipment 1.1 800,000

Land 1.2 600,000

Buildings 900,000

Long-term Investment 460,000

Bad Debts (25,000)

Total Non-Current Assets 2,735,000

Total Assets 3,855,000

EQUITY AND LIABILITIES

Capital and Reserves

Share Capital 1.3 2,400,000

General Reserve 1.4 290,000

Total Equity 2,690,000

Current Liabilities

Allowance for Impairment of Receivables 60,000

Bank Overdraft 200,000

Accounts Payable 400,000

Total Current Liability 660,000

Non-Current Liabilities

Other Payables 505,000

Total Liabilities 1,165,000

Total Equity and liabilities 3,855,000

Statement of Changes in Equity

For The Year Ending 30 June 2012

Notes Actual Amended ...