Internal Monika Berhad Statement of Comprehensive Income For Year Ended 31 December x4 RM RM RM Turnover 2,000,000 (-) Cost of Good

Sold Beginning Inventories Purchases (-) Closing Inventories Cost of Good Sold Gross Profit (-) Expenses Salaries Utilities Printing and Stationery (12,000-2000) Advertising Expenses Insurance Expenses Paid (11,000-3,000) Director's Emoluments Auditor's Fees Depreciation for Building (1,000,000 x 2/100) Depreciation for Plant and Equipment (400,000 x 10/100) Depreciation for Furniture and Fitting (200,000 x 20/100) (-)Other Operation Expenses Amortisation : Research and development Operation Profit (-)Financial Expenses Debenture Interest (200,000 x 10/100) Net Profit

150,000 900,000 1,050,000 (180,000) (870,000) 1,130,000 240,000 40,000 10,000 140,000 8,000 160,000 24,000 20,000 40,000 40,000

(722,000)

(30,000) 378,000

(20,000) 358,000

Monika Berhad Approriate Profit and Loss For Year Ended 31 December x4 RM Nett Profit Less : Estimate Taxation Transfer to deferred tax Nett Profit After Taxation Recommended Dividend Recommended Dividend Ordinary Share Recommended Preference Share Dividend(200,000 x 7/100) - 7,000 Interim Dividend Preference Share Ordinary Share RM 358,000

160,000 70,000

(230,000) 128,000

42,000 7,000

(49,000)

7,000 42,000

(49,000)

Current Retained Profits (+) Beginning Retained Profits Closing Retained Profits

30,000 450,000 480,000

Monika Berhad Statement of Financial Position as at 31 December x4 Non Current Asset RM RM Accumulated Tangible Asset Cost Depreciation Building 1,000,000 (60,000) Plant and Equipment 400,000 (160,000) Furniture and Fittings 200,000 (100,000) Land(1,000,000 - 150,000) 850,000 2,450,000 (320,000)

RM Nett Book Value 940,000 240,000 100,000 850,000 2,130,000

Intangible Asset Reseach and Development

Cost 730,000 730,000

Ammortised (30,000) (30,000)

Nett Book Value 700,000 700,000

Current Asset Inventories Account Receivables Bank Prepaid Insurance Prepaid Stationery

180,000 110,000 136,000 3,000 2,000

431,000 3,261,000

Authorised Capital 1,500,000 ordinary share of RM1 each 500,000 7% preference share of RM1 each

1,500,000 500,000 2,000,000

Issued Capital 1,200,000 ordinary share of RM1 each 200,000 7% preference share of RM1 each Fund and Reserved Share Premium Revaluation Reserved (400,000-150,000) Retained Profits

1,200,000 200,000

1,400,000

650,000 250,000 480,000

1,380,000

Non Current Liabilities 10 % Debentures Deferred Taxation

200,000 120,000

320,000

Current Liabilities Taxation (160,000 - 85,000) Account Receivables Accrued Audit Fees Accrued Interest Debentures Proposed Preference Share

75,000 45,000 24,000 10,000 7,000

161,000 3,261,000 -

External Monika Berhad Statement of Comprehensive Income For Year Ended 31 December x4 RM NOTES Sales 2,000,000 1 (-) Cost of Good Sold (870,000) Gross Profit 1,130,000 (-)Expenses (722,000) (-) Other Operation Expenses (30,000) Operation Profit 378,000 (-) Financial Cost (20,000) Nett Profit before Tax 358,000 2 (-) Taxation (230,000) 3 Nett Profit after Tax 128,000 Earning per share Dividend per share 4 5 0.10 98,000

Monika Berhad Statement Change in Equity For Year Ended 31 December x4 RM RM RM RM RM Ordinary Preference Share Share 1,200,000 200,000 1,200,000 200,000 1,200,000 200,000 Share Premium 650,000 650,000 650,000

RM

Balance b/f Change in a/c policies Beginning Balance Current Earning Dividend Paid Revaluation-Land Closing Balance

Retained Revaluation Total Reserved Profits 450,000 400,000 2,900,000 450,000 400,000 2,900,000 128,000 128,000 (98,000) (98,000) (150,000) (150,000) 480,000 250,000 2,780,000

Monika Berhad Statement of Financial Position as at 31 December x4 NOTES RM Non Current Asset Property, Plant and Equipment 6 2,130,000 Intangible Asset 7 700,000 Current Asset Inventories Debtors Bank Prepaid Expenses

RM

2,830,000

180,000 110,000 136,000 5,000

431,000 3,261,000

Shareholder's Fund Fund and Reserved Non Current Liabilities Current Liabilities Taxation Account Receivables Accrued Expenses Proposed Preference Share

8 9 10

1,400,000 1,380,000

2,780,000 320,000

75,000 45,000 34,000 7,000

161,000 3,261,000 -

Notes To Account 1) The turnover represents sales of good net of discounts, allowance and sale taxes. 2) Profit before tax: Operating profit is stated after charging: Depreciation for Building Depreciation for Plant and Equipment Depreciation for Furniture and Fitting Director's Emoluments Auditor's Fees Amortisation : Research and development Debenture Interest

20,000 40,000 40,000 160,000 24,000 30,000 20,000

3) Taxation Estimated taxation based profit of the year Increased in deferred taxation

160,000 70,000 230,000

4) Earning Per Share The earning per share is calculated by dividing the net profit after tax for the period attributable to the ordinary shareholders by weighted average number of shares in issue during the year Year 2013 = = = = Net Profit After Tax - Preference Share Dividend Ordinary Share (128000-14000) 1200000 114,000 1,200,000 0.10

5) Dividend Preference Dividend Paid Ordinary Dividend

14,000 84,000 98,000

6)

Property, Plant and Equipment Cost/Valuation 1 January x4 On Valuation Acquistion Disposal 31 December x4 Land Building Plant and Furniture Equipment and Fittings 400,000 200,000 400,000 200,000 Total 2,600,000 (150,000) 2,450,000

1,000,000 1,000,000 (150,000) 850,000 1,000,000

Accumulated Depreciation 1 January x4 Disposal Charge for the year 31 December x4 Net Book Value

850,000

40,000 20,000 60,000 940,000

120,000 40,000 160,000 240,000

60,000 40,000 100,000 100,000

220,000 100,000 320,000 2,130,000

7)

Intangible Asset 1 January x4 Incurred Less: Amortisation 31 December x4 Reseach and Development 730,000 (30,000) 700,000

8)

Shareholder Funds Authorised Capital 1,500,000 ordinary share of RM1 each 500,000 7% preference share of RM1 each

1,500,000 500,000 2,000,000

Issued Capital 1,200,000 ordinary share of RM1 each 200,000 7% preference share of RM1 each

1,200,000 200,000 1,400,000

9)

Fund and Reserved Share Premium Revaluation Reserved (400,000-150,000) Retained Profits

650,000 250,000 480,000 1,380,000

10)

Non-Current Liabilities 10 % Debentures Deferred Taxation

200,000 120,000 320,000