SOLE PROPRIETOR

Statement of profit or loss and other comprehensive income for the year
ended 31 December 2017
Revenue XXX
Cost of sales (XXX)
Gross profit XXX
Other income XXX
Dividend income XXX
Gain with re-measurement to fair-value XXX
Other expenditure (XXX)
Advertising XXX
Credit losses XXX
Bank charges XXX
Depreciation XXX
Electricity and water XXX
Postage XXX
Telephone XXX
Repairs and maintenance XXX
Salaries and wages XXX
Net finance costs (XXX)
Finance costs (XXX)
Finance income XXX
Profit for the year XXX
Other comprehensive income for the year:
Items that will not be reclassified to profit or loss:
Gain on revaluation of land and buildings XXX
Total comprehensive income for the year XXX

(Adapted from Building Blocks for Financial Accounting, p. 403)

PARTNERSHIP
Statement of profit or loss and other comprehensive income for the year
ended 31 December 2017
Revenue XXX
Cost of sales (XXX)
Gross profit XXX
Other income XXX
Dividend income XXX
Gain with re-measurement to fair-value XXX
Other expenditure (XXX)
Advertising XXX
Credit losses XXX
Bank charges XXX
Depreciation XXX
Electricity and water XXX
Postage XXX
Telephone XXX
Repairs and maintenance XXX
Salaries and wages XXX
Net finance costs (XXX)
Finance costs (XXX)
Finance income XXX
Distributable profit for the year XXX
Other comprehensive income for the year:
Items that will not be reclassified to profit or loss:
Gain on revaluation of land and buildings XXX
Total comprehensive income for the year XXX

(Adapted from Financial Reporting for Entities, p. 25)

PUBLIC COMPANY
Statement of profit or loss and other comprehensive income for the year
ended 31 December 2017*
Revenue XXX
Cost of sales (XXX)
Gross profit XXX
Other income XXX
Distribution costs (XXX)
Administrative expenses (XXX)
Other expenses (XXX)
Net finance costs (XXX)
Finance costs (XXX)
Finance income XXX
Profit (loss) before tax XXX
Income tax expense (XXX)
Profit (loss) for the year XXX
Other comprehensive income for the year:
Items that will not be reclassified to profit or loss:
Gain on revaluation of land and buildings XXX
Total comprehensive income for the year XXX

Earnings (loss) per ordinary share RX,XX

*Comparative amounts should be provided, unless this is the first period of trade (see FR, p. 137)
(Adapted from Financial Reporting for Entities, p. 137)
CLOSE CORPORATION
Statement of profit or loss and other comprehensive income for the year
ended 31 December 2017*
Revenue XXX
Cost of sales (XXX)
Gross profit XXX
Other income XXX
Distribution costs (XXX)
Administrative expenses (XXX)
Other expenses (XXX)
Net finance costs (XXX)
Finance costs (XXX)
Finance income XXX
Profit (loss) before tax XXX
Income tax expense (XXX)
Profit (loss) for the year XXX
Other comprehensive income for the year:
Items that will not be reclassified to profit or loss:
Gain on revaluation of land and buildings XXX
Total comprehensive income for the year XXX

*Statement presented using function of expenses method

*Comparative amounts should be provided, unless this is the first period of trade (see FR, p. 212)

(Adapted from Financial Reporting for Entities, p. 212)

CONSOLIDATED COMPANIES
Consolidated statement of profit or loss and other comprehensive income for
the year ended 31 December 2017
Revenue XXX
Cost of sales (XXX)
Gross profit XXX
Other income XXX
Distribution costs (XXX)
Administrative expenses (XXX)
Other expenses (XXX)
Net finance costs (XXX)
Finance costs (XXX)
Finance income XXX
Profit (loss) before tax XXX
Income tax expense (XXX)
Profit (loss) for the year XXX
Other comprehensive income for the year XXX
Total comprehensive income for the year XXX

Profit for the year attributable to:

Owners of the parent XXX
Non-controlling interest XXX
XXX

Total comprehensive income attributable to:

Owners of the parent XXX
Non-controlling interest XXX
XXX

(Adapted from Introduction to Consolidations solutions)

SOLE PROPRIETOR
Statement of financial position as at 31 December 2017
Assets R
Non-current assets XXX
Property, plant and equipment XXX
Other financial assets XXX
Current assets XXX
Inventories XXX
Trade receivables XXX
Other current assets XXX
Prepaid amounts XXX
Cash and cash equivalents XXX

Total assets XXX

Owners' interest and liabilities

Owners' interest XXX
Capital XXX
Other components of owners' interest XXX
Total liabilities XXX
Non-current liabilities XXX
Long-term borrowings XXX
Current liabilities XXX
Current portion of long-term borrowings XXX
Short-term borrowings XXX
Trade and other payables XXX
Bank overdraf XXX

Total owners' interest and liabilities XXX

(Adapted from Building Blocks for Financial Accounting, p. 405)

PARTNERSHIP
Statement of financial position as at 31 December 2017 R
Assets
Non-current assets XXX
Property, plant and equipment XXX
Other financial assets XXX
Loan to partner # XXX
Current assets XXX
Inventories XXX
Trade receivables XXX
Other current assets XXX
Prepaid amounts XXX
Cash and cash equivalents XXX
Current accounts* XXX

Total assets XXX

Owners' interest and liabilities

Owners' interest XXX
Capital: XXX
Partner 1 XXX
Partner 2 XXX
Other components of owners' interest XXX
Total liabilities XXX
Non-current liabilities XXX
Long-term loan from partner # XXX
Current liabilities XXX
Current portion of long-term borrowings XXX
Short-term borrowings XXX
Trade and other payables XXX
 Bank overdraf XXX
Current accounts* XXX

Total owners' interest and liabilities XXX

*Current asset if debit balance / Current liability if credit balance (if both, present separately)
# Loans to & loans from partners - presented separately
(Adapted from Financial Reporting for Entities, p. 27)
PUBLIC COMPANY
Statement of financial position as at 31 December 2017 R
Assets
Non-current assets XXX
Property, plant and equipment XXX
Other financial assets XXX
Prepayments (long-term) XXX
Current assets XXX
Inventories XXX
Trade receivables XXX
Other current assets XXX
Prepayments XXX
Cash and cash equivalents XXX
Current tax overpaid* XXX

Total assets XXX

Equity and liabilities

Equity XXX
Share capital XXX
Retained earnings # XXX
Other components of equity XXX
Total liabilities XXX
Non-current liabilities XXX
Long-term borrowings XXX
Current liabilities XXX
Current portion of long-term borrowings XXX
Short-term borrowings XXX
Trade and other payables XXX
 Bank overdraf XXX
Current tax payable* XXX
Owners for dividends XXX

Total equity and liabilities XXX

*Current tax: Asset if overpaid / Liability if underpaid
# "Accumulated loss" if expenses exceed income (and amount presented in brackets)
(Adapted from Financial Reporting for Entities, p. 136)
CLOSE CORPORATION
Statement of financial position as at 31 December 2017 R
Assets
Non-current assets XXX
Property, plant and equipment XXX
Other financial assets XXX
Loans to members XXX
Current assets XXX
Inventories XXX
Trade receivables XXX
Other current assets XXX
Prepayments XXX
Cash and cash equivalents XXX
Current tax overpaid* XXX
Current portion of loan to member XXX
Total assets XXX
Members' interest and liabilities
Members' interest and reserves # XXX
Members' contributions XXX
Revaluation surplus XXX
Accumulated profit XXX
Total liabilities XXX
Non-current liabilities XXX
Long-term borrowings XXX
Loan from member XXX
Current liabilities XXX
Current portion of long-term borrowings XXX
Current portion of loan from member XXX
 Short-term borrowings XXX
Trade and other payables XXX
Bank overdraf XXX
Current tax payable* XXX
Distributions owing to members XXX
Total equity and liabilities XXX
*Current tax: Asset if overpaid / Liability if underpaid
# Members' interest and reserves must be presented in the EXACT order provided
(Adapted from Financial Reporting for Entities, p. 206, 211 & 280)
CONSOLIDATED COMPANIES
Consolidated statement of financial position as at 31 December 2017
Assets
Non-current assets XXX
Property, plant and equipment XXX
Other financial assets XXX
Goodwill # XXX
Current assets XXX
Inventories XXX
Trade receivables XXX
Other current assets XXX
Prepayments XXX
Cash and cash equivalents XXX
Current tax overpaid* XXX
Total assets XXX
Equity and liabilities
Equity attributable to owners of the parent XXX
Share capital XXX
Retained earnings # XXX
Other components of equity XXX
Non-controlling interest XXX
Total equity XXX
Total liabilities XXX
Non-current liabilities XXX
Long-term borrowings XXX
Current liabilities XXX
Current portion of long-term borrowings XXX
 Short-term borrowings XXX
Trade and other payables XXX
Bank overdraf XXX
Current tax payable* XXX
Owners for dividends XXX
Total equity and liabilities XXX
*Current tax: Asset if overpaid / Liability if underpaid
# Goodwill if consideration exceeds net asset value / Gain on bargain purchase (included in profit) if
consideration less than net asset value
(Adapted from Introduction to Consolidations solutions and bootcamp)
SOLE PROPRIETOR*
Statement of cash flows for the year ended 31 December 2017
Cash flows from operating activities XXX
Cash receipts from customers XXX
Cash payments to suppliers and employees (XXX)
Cash generated from operations XXX
Interest received XXX
Interest paid (XXX)
Dividends received XXX
Drawings by the owner (XXX)
Cash flows from investing activities (XXX)
Purchase of investments (XXX)
Purchase of property, plant and equipment (XXX)
Additions to [PPE] (XXX)
Replacement of [PPE] (XXX)
Proceeds on sale of property, plant and equipment XXX
Cash flows from financing activities XXX
Proceeds from long-term borrowings XXX
Repayment of long-term borrowings (XXX)
Increase in short-term liabilities XXX
Repayment of short-term liabilities (XXX)
Capital contributions by owner XXX
Net increase / (decrease) in cash and cash equivalents XXX / (XXX)
Cash and cash equivalents at beginning of period XXX
Cash and cash equivalents at end of period XXX
*Statement looks similar for partnerships, although SCF for partnerships is not
tested in FRK 100 (Partnerships SCF, FR p. 260)
(Adapted from Financial Reporting for Entities, p. 252)

PUBLIC COMPANY
Statement of cash flows for the year ended 31 December 2017
Cash flows from operating activities XXX
Cash receipts from customers XXX
Cash payments to suppliers and employees (XXX)
Cash generated from operations XXX
Interest received XXX
Interest paid (XXX)
Dividends received XXX
Dividends paid (XXX)
Income tax paid (XXX)
Cash flows from investing activities (XXX)
Purchase of property, plant and equipment for replacement:* (XXX)
Plant and machinery (XXX)
Vehicles (XXX)
Office equipment (XXX)
Purchase of property, plant and equipment for expansion:* (XXX)
Land and buildings (XXX)
Plant and machinery (XXX)
Vehicles (XXX)
Office equipment (XXX)
Proceeds on sale of property, plant and equipment XXX
Purchase of investments (XXX)
Loans advanced (XXX)
Cash flows from financing activities XXX
Proceeds from long-term borrowings XXX
Repayment of long-term borrowings (XXX)
Increase in short-term liabilities XXX
Repayment of short-term liabilities (XXX)
Proceeds from shares issued XXX
Share issue expenses paid (XXX)
Net increase / (decrease) in cash and cash equivalents XXX / (XXX)
Cash and cash equivalents at beginning of period XXX
Cash and cash equivalents at end of period XXX

*PPE displayed is not an exhaustive list, other types of PPE could be added
(Adapted from Financial Reporting for Entities, p. 265)
CLOSE CORPORATION
Statement of cash flows for the year ended 31 December 2017
Cash flows from operating activities XXX
Cash receipts from customers XXX
Cash payments to suppliers and employees (XXX)
Cash generated from operations XXX
Interest received XXX
Interest paid (XXX)
Dividends received XXX
Distributions to members paid (XXX)
Income tax paid (XXX)
Cash flows from investing activities (XXX)
Purchase of property, plant and equipment for replacement:* (XXX)
Plant and machinery (XXX)
Vehicles (XXX)
Office equipment (XXX)
Purchase of property, plant and equipment for expansion:* (XXX)
Land and buildings (XXX)
Plant and machinery (XXX)
Vehicles (XXX)
Office equipment (XXX)
Proceeds on sale of property, plant and equipment XXX
Purchase of investments (XXX)
Loans to members (XXX)
Cash flows from financing activities XXX
Proceeds from long-term borrowings XXX
Repayment of long-term borrowings (XXX)
Increase in short-term liabilities XXX
Repayment of short-term liabilities (XXX)
Members' contributions received XXX
Loan from member XXX
Net increase / (decrease) in cash and cash equivalents XXX / (XXX)
Cash and cash equivalents at beginning of period XXX
Cash and cash equivalents at end of period XXX

*PPE displayed is not an exhaustive list, other types of PPE could be added
(Adapted from Financial Reporting for Entities solutions)
MANUFACTURING ENTITY
Production cost statement for the year ended 31 December 2017
Direct raw materials consumed XXX
Raw materials (opening) XXX
Purchases XXX
Raw materials (closing) XXX
Direct labour XXX
Primary costs XXX
Production overheads allocated XXX
Total cost of manufacture XXX
Work-in-progress (opening) XXX
Work-in-progress (closing) (XXX)
Total costs of finished goods manufactured XXX
Factory profit XXX
Finished goods transferred at transfer price XXX

(Adapted from Financial Reporting for Entities, p. 362, and past papers)
PARTNERSHIP
Statement of changes in net investments of partners for the year ended 31 December 2017
Loans
Revaluation Distributable Current from/to
Capital surplus profit accounts partners* Total
Balances on 01/01/2017 XXX XXX - XXX XXX* XXX
Movements during the year:
Total comprehensive income for the year: XXX XXX XXX
Distributable profit for the year - XXX XXX
Other comprehensive income for the year XXX - XXX
Loans received / made XXX* XXX
Capital contributions XXX XXX
Drawings (XXX) (XXX)
Accrued interest on loan from / to partner XXX* XXX
Interest on capital (XXX) XXX -
Interest on current accounts (XXX) XXX -
Interest on drawings XXX (XXX) -
Salaries to partners (XXX) XXX -
Salaries already received (XXX) (XXX)
Bonuses to partners (XXX) XXX -
Distribution of profit (XXX) XXX -
Balances on 31/12/2017 XXX XXX - XXX XXX* XXX

*Loans to partners are presented in brackets / Loans from partners are presented without brackets (presented in one column or two)
(Adapted from Financial Reporting for Entities, p. 26, textbook solutions and past papers)
PUBLIC COMPANY
Statement of changes in equity for the year ended 31 December 2017*

Ordinary Preference Revaluation Retained

share capital share capital surplus earnings Total
Balances on 01/01/2017 XXX XXX XXX XXX XXX
Total comprehensive income for the year: XXX XXX XXX
Profit for the year XXX XXX
Other comprehensive income for the year XXX XXX
Preference shares issued XXX XXX
Ordinary shares issued XXX XXX
Preference dividends (XXX) (XXX)
Ordinary dividends (XXX) (XXX)
Preference shares converted to ordinary shares XXX (XXX) -
Share issue expenses (XXX) (XXX)
Balances on 31/12/2017 XXX XXX XXX XXX XXX

Interim dividend per ordinary share RX,XX

Final dividend per ordinary share RX,XX

*Comparative amounts should be provided, unless this is the first period of trade (see FR, p. 138)

*Not all share capital columns are shown - Cumulative preference shares, non-cumulative preference shares etc. could be added (or all could be
presented collectively as "Share Capital")
(Adapted from Financial Reporting for Entities, p. 138, tutorials and past papers)
CLOSE CORPORATION
Statement of changes in equity for the year ended 31 December 2017*
Members' Revaluation Accumulated
contributions surplus profit Total
Balances on 01/01/2017 XXX XXX XXX XXX
Total comprehensive income for the year: XXX XXX XXX
Profit for the year XXX XXX
Other comprehensive income for the year XXX XXX
Contributions made by members XXX XXX
Contributions repaid to members (XXX) (XXX)
Distributions to members (XXX) (XXX)
Balances on 31/12/2017 XXX XXX XXX XXX

*Comparative amounts should be provided, unless this is the first period of trade (see FR, p. 213)
*NO loans to / from members presented in SCE of CCs
(Adapted from Financial Reporting for Entities, p. 213)