Compe Solution
Compe Solution
Compe Solution
CURRENT ASSET
Cash and cash equivalents
132,432.00 Financial asset at fair value
Trade and other receivable
Inventories
Prepaid Expense
TOTAL CURRENT ASSET
NONCURRENT ASSET
Property, plant, and equipment
Intangible Asset
636,000.00 TOTAL NONCURRENT ASSET
72,000.00
CURRENT LIABILITIES
Trade and other payable
Note payable-short term
2,227,584.00 Current portion of notes payable
190,800.00 Estimated premium liability
4,110,000.00 TOTAL CURRENT LIABILITIES
202,848.00
947,250.00 NONCURRENT LIABILITIES
194,400.00 Bonds payable
914,113.23 Noncurrent portion of notes payable
36,000,000.00 Loans payable
6,000,000.00 Deferred grant income
10,800,000.00 TOTAL NONCURRENT LIABILITIES
148,473.60
6,480,000.00 SHAREHOLDERS' EQUITY
118,080.00 Ordinary share capital
2,694,792.00 Reserves
Retained earnings
26,493,600.00 26,493,600.00 TOTAL SHAREHOLDERS' EQUITY
18,000,000.00 18,000,000.00
(9,280,800.00) TOTAL LIABILTIES AND SHAREHOLDERS' EQUITY
(1,962,000.00)
(408,000.00)
-
(120,960.00) KAYA COTTO INCORPORATED
(12,000,000.00) INCOME STATEMENT
(428,400.00) FOR THE YEAR ENDED DECEMBER 31, 2017
(1,945,803.60)
(750,336.00) Net Sales
Cost of Goods Sold
(690,000.00) Gross Income
(324,000.00) Other Income
(43,320.00) Total Income
117,175,372.83 16,539,980.40
NET INCOME
BEFORE BONUS Total Expenses
AND TAX Operating Expense 4,422,169.23
BONUS 914,113.23 Other Charges 13,218,960.00
Finance cost 1,945,803.60
NET INCOME
AFTER BONUS 15,625,867.17 Net income
INCORPORATED
INANCIAL POSITION
MBER 31, 2017
65,959,200.00
1,180,368.00
5,769,960.00
3,305,880.00
2,376,000.00
78,591,408.00
7,255,080.00
613,320.00
7,868,400.00
86,459,808.00
4,486,195.23
3,960,000.00
25,000.00
190,800.00
8,661,995.23
10,948,473.60
125,000.00
6,000,000.00
36,000,000.00
53,073,473.60
6,480,000.00
(76,320.00)
18,320,659.17
24,724,339.17
86,459,808.00
INCORPORATED
STATEMENT
ED DECEMBER 31, 2017
26,493,600.00
(9,280,800.00)
17,212,800.00
18,000,000.00
35,212,800.00
(19,586,932.83)
15,625,867.17
1 DEPRECIATION EXPENSE 90,000.00
ACCU. DEPRECIATION- INV PROPERTY 90,000.00
CASH 2,640,000.00
ACCU. DEPRECIATION- INV PROPERTY 270,000.00
LOSS ON SALE 690,000.00
GAIN ON SALE 3,600,000.00
2 CASH 6,000,000.00
LOANS PAYABLE 6,000,000.00
3 CASH 54,000,000.00
DEFERRED GRANT INCOME 54,000,000.00
4 MACHINE 294,000.00
CASH 144,000.00
NOTES PAYABLE 150,000.00
AMORTIZATION 3,000.00
INTANGIBLE ASSET 3,000.00
6 AMORTIZATION 40,320.00
INTANGIBLE ASSET 40,320.00
7 PREMIUM-CONTAINERS 216,000.00
CASH 216,000.00
CASH 10,800,000.00
SALES 10,800,000.00
8 CASH 5,100,000.00
BONDS PAYABLE 4,800,000.00
PREMIUM ON BONDS PAYABLE 181,920.00
SHARE PREMIUM-CONVERSION PRIVILEGE 118,080.00