The following information relates to Hardin Limited's year-ended 31 December 2020: • The statement of comprehensive income shows profit for the year of R154 000. • The calculation of this profit included the following income and expenses: Impairment of building: R64 000 (before tax: R74 000) • Profit on sale of plant: R23 200 (before tax: R32 000) • Inventory write-down: R10 00 (before tax: R15 000) • The statement of changes in equity reflected preference dividends of R3 450. • 12 000 shares in issue throughout the year. Required: Calculate the basic earnings and the headline earnings and disclose the headline earnings per share for the year-ended 31 December 2020

The following information relates to Hardin Limited's year-ended 31 December 2020: • The statement of comprehensive income shows profit for the year of R154 000. • The calculation of this profit included the following income and expenses: Impairment of building: R64 000 (before tax: R74 000) • Profit on sale of plant: R23 200 (before tax: R32 000) • Inventory write-down: R10 00 (before tax: R15 000) • The statement of changes in equity reflected preference dividends of R3 450. • 12 000 shares in issue throughout the year. Required: Calculate the basic earnings and the headline earnings and disclose the headline earnings per share for the year-ended 31 December 2020

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Kamulinda Company Limited (KCL) has provided the following financial information that relates to the year ended 31 December 2020: Statement of profit or loss Sales revenue Cost of sales Gross profit Administrative costs Distribution costs Operating profit Interest received Interest paid Profit before tax Taxation Profit after tax Shs '000' Assets: Non-current assets Accumulated depreciation Netbook value Investments Current assets: Inventory 250,400 (87,900) 162,500 (35,000) (50,000) 77,500 45,000 Shs '000' (25,000) 97,500 (20,000) 77,500 Statement of position as at 31 December: 2020 2019 Shs '000' Shs '000' 459,000 246,000 (125,000) (89,000) 334,000 157,000 76,000 156,000 100,000 Find current assets continued- Accounts receivable Cash at hand Cash at bank Total assets Equity and liabilities: Share capital Share premium Retained earnings Revaluation Non-current liabilities: Long term loan Current liabilities: Accounts payable Interest payable Tax Bank overdraft 24,450 65,000 655,450…
The following information relates to Hardin Limited’s year-ended 31 December 2020:  The statement of comprehensive income shows profit for the year of R154 000.  The calculation of this profit included the following income and expenses: Impairment of building: R64 000 (before tax: R74 000)  Profit on sale of plant: R23 200 (before tax: R32 000)  Inventory write-down: R10 000 (before tax: R15 000)  The statement of changes in equity reflected preference dividends of R3 450.  12 000 shares in issue throughout the year. Required: Calculate the basic earnings and the headline earnings and disclose the headline earnings per share for the year-ended 31 December 2020
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For the financial year ended December 31, 2020, Khareef Salalah Company reported net sales of RO 10,000,000, net income of RO 2,000,000, total assets (31/12/19) of RO 2,000,000 of which RO 1,000,000 were non-current assets, and total assets (31/12/20) of RO 8,000,000 of which non-current assets were RO 2,600,000. Khareef Salalah Company's asset turnover ratio is: O a. 0.4 times O b. 5.56 times O c. None of the options are correct O d. 2.00 times e. 1.11 times NEXT PAGE ype here to search B. Fed by ws 10 S acer