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Statement of Financial Position Ass 1
Statement of Financial Position Ass 1
Cash on Hand
Cash in Bank - BPI (Savings)
Cash in Bank - BPI (Current)
Cash in Bank - BDO (Current)
Accounts Receivable
Allowance for doubtful accounts
Advances to employees
Loans receivable (due in 20x4)
Unearned interest income
Raw materials inventory
Work in Pocess inventory
Finished Goods inventory
Prepaid Income Tax
Prepaid supplies
Advances to suppliers
Held for trading securities
Investment in equity securities - FVOCI
Investment in associate
Interest receivable (due on Mar, 1, 20x1)
Land
Building
Accumulated Depreciation - Bldg.
Equipment
Accumulated Depreciation - Equipt.
Accounts Payable
Accrued Liabilities
Income tax payable
Deferred tax asset
Deferred tax liability
Loans payable (due in 20x2)
Discount on loan payable
Interest payable (due on July 1, 20x2)
Deferred credits
Provision for warranty obligations
Ordinary share capital
Share premium
Retained earnings - unrestricted
Retained earnings - appropriated
Revaluation Surplus
Unrealized gains on equity securities - FVOCI
Totals
Dr. Cr.
62,350.00
1,720,500.00
1,890,234.00
567,891.00
8,341,689.00
347,182.00
57,610.00
9,827,341.00
1,234,819.00
1,237,398.00
7,987,908.00
12,892,309.00
234,125.00
890,239.00
34,981.00
2,834,079.00
987,234.00
1,290,347.00
946,013.00
8,980,751.00
3,419,877.00
712,930.00
917,387.00
234,125.00
9,071,239.00
889,712.00
721,346.00
1,092,387.00
918,732.00
8,000,000.00
746,252.00
341,782.00
712,788.00
432,187.00
20,000,000.00
6,000,000.00
15,144,664.00
1,200,000.00
873,984.00
123,412.00
66,958,902.00 66,958,902.00
Frienshp Co.
Statement of Financial Position
As of December 31, 20X1
(amounts-in Philippine peso)
NOTES
ASSETS
Current Assets
Cash and cash equivalents 1
Trade and other receivables 2
Marketable Securities
Current tax Assets
Inventories 3
Total Currnt Assets
EQUITY
Share capital
Additional paid-in capital
Retained earnings 7
Other Components of Equity 8
Total Equity
Total Liabilities and Equity
cial Position
4,240,975.00
9,923,350.00
2,834,079.00
234,125.00
22,117,615.00
39,350,144.00
9,827,341.00
987,234.00
1,290,347.00
12,370,960.00
1,092,387.00
25,568,269.00
64,918,413.00
12,250,340.00
7,253,748.00
721,346.00
432,187.00
20,657,621.00
918,732.00
918,732.00
21,576,353.00
20,000,000.00
6,000,000.00
16,344,664.00
997,396.00
43,342,060.00
64,918,413.00
NOTES
Note 3: Inventories
Raw materials inventory 1,237,398.00
Work in Pocess inventory 7,987,908.00
Finished Goods inventory 12,892,309.00
Inventories 22,117,615.00