EXEMPLAR COMPANY

Statement of Financial Position

December 31, 2015

ASSETS
(CURRENT ASSETS)
NOTES
Cash and Cash Equivalent
500,000
Trade and other Receivables
640,000

(1)
(2)

Inventories
1,300,000

(3)

Prepaid Expenses
70,000

(4)

Trading Securities
280,000
Total current assets
2,790,000
(NON-CURRENT ASSETS)
NOTES
Property plant & equipment
Long-term investments
Intangible assets
Other non-current assets
Total non-current assets
10,110,000

(5)
(6)
(7)
(8)

8,550,000
1,310,000
100,000
150,000

Total assets
12,900,000

LIABILITIES AND SHAREHOLDERS EQUITY

(CURRENT LIABILITIES)
NOTE
Trade & other payables
1,000,000

(9)

Total current liabilities

1,000,000
(NON-CURRENT LIABILITIES)
NOTES
Bond payable
5,000,000
Premium and bonds payable
1,000,000
Total non-current liabilities
6,000,000
(SHAREHOLDERS EQUITY)
NOTES
Ordinary share capital
5,000,000
Reserve
700,000
Retained earnings (deficit)
(1,800,000)

(10)

Preference share capital

2,000,000
Total shareholders equity
5,900,000
Total liabilities and shareholders equity
12,900,000

NOTE 1- Cash and Cash equivalent

Cash and cash equivalent
Total cash & cash equivalent

NOTE 2- Trade and other receivables

Accounts receivable
900,000
Notes receivable
250,000
Accrued interest on notes payable
10,000
Allowance for doubtful accounts
(20,000)
Total trade and other receivables
640,000
NOTE 3- Inventories
Inventories
1,300,000
Total inventories
1,300,000

500,000
500,000

NOTE 4 Prepaid Expenses

Prepaid expenses
70,000
Total prepaid expenses
70,000
NOTE 5 Property, plant and equipment
Building
5,000,000
Equipment
1,000,000
Land
1,500,000
Computer software
3,250,000
Accumulated depreciation- building
(2,000,000)
Accumulated depreciation equipment
(200,000)
Total property, plant & equipment
8,550,000
NOTE 6 Long-term investments
Cash surrender value
60,000
Preference share redemption fund
350,000
Sinking fund
400,000
Land held for speculation
500,000

Total long-term investments

1,310,000
NOTE 7 Intangible assets
Lease rights
100,000
Total intangible assets
100,000
NOTE 8 Other non-current assets
Long- term refundable deposit
50,000
Advances to officers
(not currently collectible)
100,000
Total other non-current assets
150,000
NOTE 9 Trade and other payables
Note payable
300,000
SSS payable
10,000
Accounts payable
400,000
Unearned rent income
40,000
Accrued salaries
100,000
Dividends payable
120,000

Withholding tax payable

30,000
Total trade and other payables
1,000,000
NOTE 10 Reserves
Share premium preference
500,000
Share premium ordinary
200,000
Total reserves
700,000