Case study revision Flashcards
What is the depreciation of the lease on Exford house?
Depreciationperyear= Cost/ useful life 1000/25=40
accumulated depreciation 40 x 12 = 480
What is the NBV on the lease on Exford house?
NBV=Cost−AccumulatedDepreciation=1000−480=520
What is the total non current assets?
all assets added up
10545+3170+1312+520=15547
What is the Total non-current assets of NBV?
tangible non current assets- intangible non current assets
15547-50=15497
What are the net assets?
TotalAssetslessCurrentLiabilities−Long-termLiabilities= 15547-3700=11797
What is the total shareholder funds?
11797 because net assets= total shareholder funds
What is the issued share capital?
11797-5700-1097=5000
What is the gross profit?
Revenue−CostofSales
28277-18621=9606
what is the travel?
46000-5000+7000=48000
What is Catering equipment, fixtures and fittings?
3280/10=328 because of Straight line method
What is the Amortisation on lease-Exford house?
total accumulated amortisation/ years= 480/12=40
What is the total operating expenses?
all of expenses added up 58+5100+702+48+560+1008+36+105+153+328+40=8238
What is the operating profit?
GrossProfit−OperatingExpenses
=9,606−8,238=1,368
What is the finance charge?
LoanAmount×InterestRate
3700 at 7%= 3700x 0.07=259
what is the profit before tax?
OperatingProfit−FinanceCharges
1368-259=1109
What is the profit after tax?
1109-259=908
What is the retained earnings?
ProfitAfterTax−DividendsPaid
908-400=508
What is the interest cover?
operating profit/interest expense( finance charge)
1368/259=5.28 times
what is net profit?
aka profit after tax= £908000
