BAA3 Case Study – Semester 1
2015/16
Table 1
Castletown Manufacturing plc
Statements of profit or loss for the year ended 30 June:
2015
€000s
2014
€000s
Revenue
Cost of sales
Gross profit
Administrative expenses
Selling and distribution expenses
Operating profit
Finance cost
Profit before tax
Taxation
Profit after tax
4,000
2,200
1,800
750
400
650
40
610
183
427
3,000
1,500
1,500
600
300
600
###
560
168
392
Statement of changes in equity:
2015
€000s
984
427
265
1,146
2014
€000s
828
392
236
984
Retained profit 1 Jan
Profit after tax
less: Dividend
Retained profit 31 Dec
Statements of financial position as at:
ASSETS:
Non-current assets
Land and Buildings
Machinery
Financial assets (at cost)
2015
€000s
€000s
Cost Acc Dep
529
55
2,000
1,000
299
