SPL Flashcards
1
Q
Order of calculations?
A
Gross profit
PBIT
PBT
PFY
2
Q
What is gross profit?
A
Revenue - cost of sales
3
Q
What is PBIT?
A
Gross profit - distribution - administrative - share of profit of associates
4
Q
What is PBT?
A
PBIT - finance cost + investment income
5
Q
What is PFY?
A
PBT - tax - profit for year from continuing operations - loss for year from discontinued operaiton
6
Q
How are restructuring costs classified?
A
As other expenses in SPL
7
Q
Closing inventory write-off calculation?
A
NRV - wrongly packaged goods
8
Q
What is included in OCI?
A
Gain on revaluation
9
Q
Where is OCI presented?
A
After PFY. RevaluHation gain is added onto PFY
10
Q
Income tax refund?
A
As a current asset
