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Prepare a net value added statement for the year ended 31st December, 2015

The information below relates to Jumuia Ltd, a listed company for the year ended 31st December, 2015
Shs
Purchase of raw materials 10 200 000
Turnover 25 160 000
Salaries and wages 6 800 000
Taxation for the year 2 040 000
Dividends 816 000
Depreciation 1 360 000
Water, power and insurance 2 040 000
Finance charge and leases 680 000

Answers

Antony
Jumuia Ltd
Value added statement
For the year ended 31st March 2015.
Particulars
Sh. 000 Sh. 000 %
Sales turnover 25 160
Less bought in materials and services:
Purchase of raw material 10 200
Water, power, and insurance 2 040 12 240
12 920 100
Applied as follows:
To Employees
Salaries and wages 6 800 52.63
To providers of finance
Finance charges and lease 680
Dividends 816 1 496 11.58
To the Government
Taxation for the year 2 040 15.79
For maintenance of assets &
Business expansion
Depreciation 1 360
Retained Earnings 1 224 2 584 20
12 920 100
simpleman Anto answered the question on February 8, 2018 at 11:28

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