(706,695) (687,334) (617,023) Operating and administrative expenses 20.a Depreciation and amortization 10,11,12 (612,974) Expected credit loss on financial assets (ECL) (61,118) (62,859) Gain on sale and lease back transactions 8 7,594 Share of results of associates and joint venture 9 1,411 2,657 Gain on modification of financial liabilities 15 13,618 6,606 Other expense/ income -net 20.b (6,451) 37,225 Investment income 21 4,056 640 Early retirement costs 22 (2,148) Interest income 6,864 10,632 Finance costs (162,037) (191,662) Loss from currency revaluation (17,673) (16,249) Net monetary gain 33 6,318 6,248 Profit before income taxes 267,187 336,792 Taxation 23 (38,181) (37,120) 299,672 Profit for the year 229,006 Attributable to: Shareholders of the Company 66,914 77,709 Non-controlling interests 162,092 229,006 221,963 299,672 Earnings per share (EPS) Basic and diluted - RO 24 0.089 0.104 The accompanying notes are an integral part of these consolidated financial statements. OMAN TELECOMMUNICATIONS COMPANY SAOG Consolidated Statement of Other Comprehensive Income - Year ended 31 December 2020 2020 2019 RO'000 RO '000 Profit for the year 229,006 299,672 Other comprehensive income: Other comprehensive income items that may be transferred or reclassified to consolidated statement of profit or loss in subsequent periods: Exchange differences on translating foreign operations (25,681) 4,334 (14,461) (10,127) Other reserves (14,955) (40,636) Other comprehensive income for the year Other comprehensive income that will not be reclassified to consolidated statement of profit or loss in the subsequent periods Changes in the fair value of equity investments at FVOCI (3,523) 184,847 (2,403) 287,142 Total comprehensive income for the year Attributable to: Shareholders of the Company 53,241 72,681 131,606 184,847 Non-controlling interests 214,461 287,142 The accompanying notes are an integral part of these consolidated financial statements.
(706,695) (687,334) (617,023) Operating and administrative expenses 20.a Depreciation and amortization 10,11,12 (612,974) Expected credit loss on financial assets (ECL) (61,118) (62,859) Gain on sale and lease back transactions 8 7,594 Share of results of associates and joint venture 9 1,411 2,657 Gain on modification of financial liabilities 15 13,618 6,606 Other expense/ income -net 20.b (6,451) 37,225 Investment income 21 4,056 640 Early retirement costs 22 (2,148) Interest income 6,864 10,632 Finance costs (162,037) (191,662) Loss from currency revaluation (17,673) (16,249) Net monetary gain 33 6,318 6,248 Profit before income taxes 267,187 336,792 Taxation 23 (38,181) (37,120) 299,672 Profit for the year 229,006 Attributable to: Shareholders of the Company 66,914 77,709 Non-controlling interests 162,092 229,006 221,963 299,672 Earnings per share (EPS) Basic and diluted - RO 24 0.089 0.104 The accompanying notes are an integral part of these consolidated financial statements. OMAN TELECOMMUNICATIONS COMPANY SAOG Consolidated Statement of Other Comprehensive Income - Year ended 31 December 2020 2020 2019 RO'000 RO '000 Profit for the year 229,006 299,672 Other comprehensive income: Other comprehensive income items that may be transferred or reclassified to consolidated statement of profit or loss in subsequent periods: Exchange differences on translating foreign operations (25,681) 4,334 (14,461) (10,127) Other reserves (14,955) (40,636) Other comprehensive income for the year Other comprehensive income that will not be reclassified to consolidated statement of profit or loss in the subsequent periods Changes in the fair value of equity investments at FVOCI (3,523) 184,847 (2,403) 287,142 Total comprehensive income for the year Attributable to: Shareholders of the Company 53,241 72,681 131,606 184,847 Non-controlling interests 214,461 287,142 The accompanying notes are an integral part of these consolidated financial statements.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 3MC
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Question
Which format of Income statement is used, single step or multi-step income statement? Briefly discuss the difference between the two type of Income statement.
Transcribed Image Text:OMAN TELECOMMUNICATIONS COMPANY SAOG
Consolidated Statement of Profit or Loss - Year ended 31 December 2020
2020
2019
Notes
RO'000
RO '000
Revenue
19.1
2,513,410
2,592,226
Cost of sales
(716,988)
(744,315)
Operating and administrative expenses
20.a
(706,695)
(687,334)
Depreciation and amortization
10,11,12
(612,974)
(617,023)
Expected credit loss on financial assets (ECL)
(61,118)
(62,859)
Gain on sale and lease back transactions
8.
7,594
Share of results of associates and joint venture
9
1,411
2,657
Gain on modification of financial liabilities
15
13,618
6,606
(6,451)
4,056
Other expense/ income -net
20.b
37,225
Investment income
21
640
(2,148)
6,864
Early retirement costs
22
Interest income
10,632
(191,662)
(16,249)
Finance costs
(162,037)
Loss from currency revaluation
(17,673)
Net monetary gain
33
6,318
6,248
Profit before income taxes
267,187
336,792
Taxation
23
(38,181)
(37,120)
299,672
Profit for the year
229,006
Attributable to:
Shareholders of the Company
66.914
77,709
Non-controlling interests
162,092
229,006
221,963
299,672
Earnings per share (EPS)
Basic and diluted - RO
24
0.089
0.104
The accompanying notes are an integral part of these consolidated financial statements.
OMAN TELECOMMUNICATIONS COMPANY SAOG
Consolidated Statement of Other Comprehensive Income - Year ended 31 December 2020
2020
2019
RO'000
RO '000
Profit for the year
229,006
299,672
Other comprehensive income:
Other comprehensive income items that may be transferred or reclassified to
consolidated statement of profit or loss in subsequent periods:
Exchange differences on translating foreign operations
(25,681)
4,334
(14,955)
(40,636)
(14,461)
(10,127)
Other reserves
Other comprehensive income for the year
Other comprehensive income that will not be reclassified to consolidated statement
of profit or loss in the subsequent periods
Changes in the fair value of equity investments at FVOCI
(3,523)
184,847
(2,403)
287,142
Total comprehensive income for the year
Attributable to:
Shareholders of the Company
53,241
72,681
Non-controlling interests
131,606
184,847
214,461
287,142
The accompanying notes are an integral part of these consolidated financial statements.
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