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MASB 1 - Presentation of Fi12

The document discusses MASB 1 on the presentation of financial statements and provides two sample income statement formats, one that classifies expenses by function and one that classifies expenses by nature.

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20 views

MASB 1 - Presentation of Fi12

The document discusses MASB 1 on the presentation of financial statements and provides two sample income statement formats, one that classifies expenses by function and one that classifies expenses by nature.

Uploaded by

hyrald
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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MASB 1 - Presentation of Financial Statements

http://www.masb.org.my/index.php?option=com_content&view=articl...

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MASB Approved Accounting Standards for Private Entities

Page 12 of 13

Alternative One (illustrating the classification of expenses by function)


XYZ GROUP-INCOME STATEMENT FOR THE YEAR ENDED
31 DECEMBER 20-02

20-02
20-01
RM 000
RM 000
--------------------- ---------------------

Revenue

Cost of sales

Gross profit

43,850

(37,200)
(35,780)
--------------------- ---------------------

9,300

8,070

(100)

Distribution costs

(3,360)

(2,940)

Administration expenses

(2,460)

(2,360)

Other operating income

Other operating expenses

(420)
(410)
--------------------- ---------------------

Profit from operations

3,060

2,260

Finance cost

(480)

(384)

Income from associates

Profit before tax

Income tax expense

Profit after tax

Minority interest

Net profit from ordinary activities

Extraordinary items

Net profit for the period

1 of 3

46,500

100
80
--------------------- ---------------------

2,680

1,956

(1,200)
(900)
--------------------- ---------------------

1,480

1,056

(290)
(200)
--------------------- ---------------------

1,190

856

(60)
--------------------- ---------------------

1,130
========

856
========

19/10/2010 4:23 PM

MASB 1 - Presentation of Financial Statements

http://www.masb.org.my/index.php?option=com_content&view=articl...

Basic earnings per share (sens)

15.6
========

12.7
========

Diluted earnings per share (sens)

14.0
========

11 .4
========

Dividends per share


(10 sens gross less income tax)

7.2
========

7.2
========

Alternative Two (illustrating the classification of expenses by nature)


XYZ GROUP - INCOME STATEMENT FOR THE YEAR ENDED
31 DECEMBER 20-02

20-02

20-01

RM 000
RM 000
--------------------- ---------------------

Revenue

46,500

43,850

100

500

(300)

Work performed by the enterprise and


capitalised

(10,380)

(9,640)

Raw material and consumables used

(11,460)

(10,950)

Staff costs

(13,600)

(12,850)

(2,100)

(2,050)

Other operating income

Changes in inventories of finished goods


and work in progress

Depreciation and amortisation expense

Operating expenses

Profit from operations

3,060

2,260

Finance cost

(480)

(384)

Income from associates

Profit before tax

Income tax expense

Profit after tax

Minority interest

Net profit or loss from ordinary


activities

2 of 3

(6,400)
(5,900)
--------------------- ---------------------

100
80
--------------------- ---------------------

2,680

1,956

(1,200)
(900)
--------------------- ---------------------

1,480

1,056

(290)
(200)
--------------------- ---------------------

1,190

856

19/10/2010 4:23 PM

MASB 1 - Presentation of Financial Statements

Extraordinary items

http://www.masb.org.my/index.php?option=com_content&view=articl...

(60)
--------------------- ---------------------

Net profit for the period

1,130
========

856
========

Basic earnings per share (sens)

15.6
========

12.7
========

Diluted earnings per share (sens)

14.0
========

11 .4
========

Dividends per share


(10 sens gross less income tax)

7.2
========

7.2
========

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Malaysian Accounting Standards Board


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19/10/2010 4:23 PM

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