TMA Annual Financial Statements

The TMA annual financial statements are in three parts; the Trading & Manufacturing Statement, Profit & Loss Statement and Balance Sheet.

Trading & Manufacturing Account

for the year ended 31/12/00

$ $

Manufacturing Account

Raw Materials (1/1/00) xxx

Purchases xxx

xxx

Raw Materials (31/12/00 (xxx)

Raw Materials Used xxx

Add Work in Progress (1/1/00) xxx

Direct Costs

Direct Labour xxx

Indirect Costs

Factory Overheads xxx

Indirect Labour xxx

xxx

Less Work in Progress (31/12/00) (xxx)

Cost of Manufactured Goods Transferred to Trading A/C xxx

Trading Account

Sales xxx

Stock of Finished Goods (1/1/00) xxx

Add Cost of Manufactured Goods xxx

xxx

Less Stock of Finished Goods (31/12/00) (xxx)

Cost of Finished Goods Sold xxx

Gross Profit/(Loss) Transferred to P&L A/C xxx

TMA Profit & Loss Statement

for the year ended 31/12/00

$ $

Income

Gross Profit transferred from Trading A/c xxx

Other Revenue xxx

Total Income xxx

Expenses

Depreciation xxx

Administrative Costs xxx

Total Expenses (xxx)

Net Profit/Loss xxx

TMA Balance Sheet

for the year ended 31/12/00

$ $ $

Equity

Net Profit/(Loss) xxx

TOTAL EQUITY XXX

Current Assets

Bank xxx

Inventories xxx

xxx

Less: Current Liabilities

Accounts Payable xxx

Working Capital xxx

Non-Current Assets

Property & Equipment xxx

less Accumulated Depreciation (xxx) xxx

Less: Non-Current Liabilities

Others

xxx

TOTAL NET ASSETS XXX