7 Paper F7 Free lectures available for Paper F7 - Chapter 3 click here PUBLISHED FINANCIAL STATEMENTS proforma financial statements following IAS1 (revised) XYZ GROUP Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009 (classification of expenses by function) 2009 2008 $’000 $’000 Revenue X X Cost of sales (X) (X) Gross profit X X Other operating income X X Distribution costs (X) (X) Administrative expenses (X) (X) Other operating expenses (X) (X) Profit from operations X X Finance cost (X) (X) Income from associates X X Profit before tax X X Income tax expense (X) (X) Profit after tax X X XYZ GROUP Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009 2009 2008 $’000 $’000 Surplus/(deficit) on revaluation of properties (X) X Surplus/(deficit) on revaluation of investments X (X) Net gains not recognised in the Statement of Income X X Net profit for the period X X Total Comprehensive Income X X
Chapter 3 Paper F7 7 Free lectures available for Paper F7 - click here PUBLISHED FINANCIAL STATEMENTS proforma financial statements following IAS1 (revised) XYZ GROUP Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009 (classification of expenses by function) 2009 2008 $’000 $’000 Revenue X X Cost of sales (X) (X) Gross profit X X Other operating income X X Distribution costs (X) (X) Administrative expenses (X) (X) Other operating expenses (X) (X) Profit from operations X X Finance cost (X) (X) Income from associates X X Profit before tax X X Income tax expense (X) (X) Profit after tax X X XYZ GROUP Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009 2009 2008 $’000 $’000 Surplus/(deficit) on revaluation of properties (X) X Surplus/(deficit) on revaluation of investments X (X) Net gains not recognised in the Statement of Income X X Net profit for the period X X Total Comprehensive Income X X