Proformas Flashcards
THE IMCOME STATEMENT (BY NATURE)
INCOME STATEMENT FOR THE YEAR ENDED ……….
Revenue Other income (Total expenses)* Profit before tax (Tax expense) Profit after tax
- Total expenses are made up of the following:
1. Changes in finished goods and WIP
2. Raw materials and consumables used
3. Employee benefits expense
4. Depreciation and amortisation expense
5. Other expenses
THE INCOME STATEMENT (BY FUNCTION)
INCOME STATEMENT FOR THE PERIOD ENDED ……….
Revenue (Cost of sales) GROSS PROFIT Other income (Distribution costs) (Administration costs) PROFIT FROM OPERATIONS (Finance costs) Investment income PROFIT BEFORE (Tax expense) NET PROFIT FOR PERIOD
THE STATEMENT OF COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED ……….
Profit for the year (I/S) Other comprehensive income Gain on property revaluation Other comprehensive income for the year net of tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR
THE STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED ……….
Share Cap | Share Prem | R/E | Revaluation Reserve | Total
Balance b/f Total Comprehensive Income Dividends Issue of shares Balance c/f
THE STATEMENT OF FINANCIAL POSITION
THE STATEMENT OF FINANCIAL POSITION AS AT ……….
ASSETS Non-current assets Property, plant & equipment Investments Intangible assets Current assets Inventories Trade & other receivables Cash & cash equivalents Non-current assets held for sale TOTAL ASSETS
EQUITY & LIABILITIES Capital & reserves Ordinary share capital Preference share premium Retained earnings Revaluation reserve Other reserve Non-current liabilities Long term borrowings Current liabilities Trade & other payables Short term borrowings Current tax payable Provisions TOTAL EQUITY & LIABILITIES
THE STATEMENT OF CASH FLOWS
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED ……….
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
(Interest paid)
(Tax paid)
CASH FLOWS FROM INVESTING ACTIVITIES (Purchase of property, plant and equipment) Proceeds from sale of assets Interest received Dividends received
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from share issue
(Repayment of loan)
(Dividends paid)
NET CASH FLOW
CASH AT THE START OF THE PERIOD
CASH AT THE END OF THE PERIOD
THE INDIRECT METHOD OF CALCULATING ‘CASH GENERATED FROM OPERATIONS’
THE RECONCILIATION STATEMENT
Profit before tax Finance cost (Investment income) Depreciation charge Loss/ (profit) on disposals (Increase)/ decrease in inventories (Increase)/ decrease in trade receivables Increase/ (decrease) in trade payables
CASH GENERATED FROM OPERATIONS
THE DIRECT METHOD OF CALCULATING ‘CASH GENERATED FROM OPERATIONS’
ADD:
Cash sales
Cash received from credit customers
LESS:
Cash purchases
Cash paid to credit suppliers
Cash expenses
CASH GENERATED FROM OPERATIONS
PPE DISCLOSURE NOTE
L&B | P&E | MV | F&F | Total
COST b/f Addition Revaluation c/f
DEPRECIATION b/f Charge Revaluation c/f
CARRY VALUE
End of year
Start of year
THE IAS 38 RECONCILIATION NOTE
Development | Patents | Trademarks | Total
COST b/f Additions Disposals c/f
AMORTISATION/ IMPAIRMENT b/f Charge Disposal c/f
CARRY VALUE
End of year
Start of year
THE LEASE LIABILITY TABLE
ARREARS
B/f | Interest | (Payment) | C/f
Year 1
Year 2
Year 3
Year 4
THE LEASE LIABILITY TABLE
ADVANCE
B/f | (Payment) | Balance | Interest | C/f
Year 1
Year 2
Year 3
Year 4
