Problem 10-15 (IFRS) basy Company provided the following statement of financial year: 130,000 500,000 100,000 70,000 Current assets Property, plant and equipment Goodwill Investment in associate 800,000 Total assets Current liabilities Noncurrent liabilities Share capital Retaiņed earnings Total liabilities and equity 90,000 60,000 400,000 250,000 800,000 Revenue 1,800,000 Cost of goods sold (1,200,000) Gross profit Other income Distribution cost Administrative expenses Other expenses Finance cost Share in profit of associate 600,000 60,000 ( 200,000) ( 100,000) ( 50,000) ( 60,000) 10.000 Income before tax Income tax expense. 260,000 (. 90,000) Net income 170,000 The entity is organized for management purposes into three major operating segments, namely furniture, stationery and computer products. There are other smaller operating segments. External sales Intersegment sales . Furniture Stationery Computer products Other segments 800,000 500,000 400,000 100,000 200,000 150,000 50,000 288-
Problem 10-15 (IFRS) basy Company provided the following statement of financial year: 130,000 500,000 100,000 70,000 Current assets Property, plant and equipment Goodwill Investment in associate 800,000 Total assets Current liabilities Noncurrent liabilities Share capital Retaiņed earnings Total liabilities and equity 90,000 60,000 400,000 250,000 800,000 Revenue 1,800,000 Cost of goods sold (1,200,000) Gross profit Other income Distribution cost Administrative expenses Other expenses Finance cost Share in profit of associate 600,000 60,000 ( 200,000) ( 100,000) ( 50,000) ( 60,000) 10.000 Income before tax Income tax expense. 260,000 (. 90,000) Net income 170,000 The entity is organized for management purposes into three major operating segments, namely furniture, stationery and computer products. There are other smaller operating segments. External sales Intersegment sales . Furniture Stationery Computer products Other segments 800,000 500,000 400,000 100,000 200,000 150,000 50,000 288-
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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REQUIRED:
1. Prepare the disclosures required for operating segments.
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