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ASSETS RO RO Non-current assets Property, plant and equipment Right-of-use assets 3,138,365 2,514,382 5 268,681 Investment in an associate 1,849,393 1,839,874 5.256.439 4,354,256 Current assets Inventories 7 175,850 160,107 Trade and other receivables 1,727,088 2,196,766 8 2,475,345 2,538,938 Cash and bank balances 9 5,190,133 4,083,961 Total assets 10,446,572 8,438,217 EQUITY AND LIABILITIES Equity Share capital Statutory reserve Special reserve Land revaluation reserve 10 3,000,000 1,000,000 1,457,067 1,110,887 3,000,000 1,000,000 1,457,067 1,110,887 231,873 11 12 4 Retained earnings 621,257 Total equity 7,189,211 6,799,827 Liabilities Non-current liabilities Non-current portion of term loans Non-current portion of lease liabilites Employees' end of service benefits Deferred tax liability 13 797,718 250,336 154,382 14 15 56,261 53,230 17 195,624 199,010 1,299,939 406,622 Current liabilities Term loans 13 202,707 45,329 Lease liabilites 14 22,909 Trade and other payables Income tax payable 16 1,687,993 43,813 1,098,498 17 87,941 1,957,422 1,231,768 Total liabilities 3,257,361 1,638,390 Total equity and liabilities 10,446,572 8,438,217 Net assets per share 18 0.240 0.227 These financial statements were approved and authorised for issue by the Board of Directors on 26 February 2020 and signed on their behalf by: CHAIRMAN CHIEF EXECUTIVE OFFICER The notes on pages 10 to 43 form part of these financial statements. Auditor's report: pages 1 -5 Page: 6

ASSETS RO RO Non-current assets Property, plant and equipment Right-of-use assets 3,138,365 2,514,382 5 268,681 Investment in an associate 1,849,393 1,839,874 5.256.439 4,354,256 Current assets Inventories 7 175,850 160,107 Trade and other receivables 1,727,088 2,196,766 8 2,475,345 2,538,938 Cash and bank balances 9 5,190,133 4,083,961 Total assets 10,446,572 8,438,217 EQUITY AND LIABILITIES Equity Share capital Statutory reserve Special reserve Land revaluation reserve 10 3,000,000 1,000,000 1,457,067 1,110,887 3,000,000 1,000,000 1,457,067 1,110,887 231,873 11 12 4 Retained earnings 621,257 Total equity 7,189,211 6,799,827 Liabilities Non-current liabilities Non-current portion of term loans Non-current portion of lease liabilites Employees' end of service benefits Deferred tax liability 13 797,718 250,336 154,382 14 15 56,261 53,230 17 195,624 199,010 1,299,939 406,622 Current liabilities Term loans 13 202,707 45,329 Lease liabilites 14 22,909 Trade and other payables Income tax payable 16 1,687,993 43,813 1,098,498 17 87,941 1,957,422 1,231,768 Total liabilities 3,257,361 1,638,390 Total equity and liabilities 10,446,572 8,438,217 Net assets per share 18 0.240 0.227 These financial statements were approved and authorised for issue by the Board of Directors on 26 February 2020 and signed on their behalf by: CHAIRMAN CHIEF EXECUTIVE OFFICER The notes on pages 10 to 43 form part of these financial statements. Auditor's report: pages 1 -5 Page: 6

Intermediate Accounting: Reporting And Analysis
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 10MC
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 List down short term and long term investments of the company.

0:1A 2_MGMC_BalanceSheet_01002020... A 1 js 1 GASES COMPANY SAOG o ENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RO 2018 RO ASSETS Non-current assets Property, plant and equipment Right-of-use assets 3,138,365 2,514,382 268,681 Investment in an associate 1,849,393 1,839,874 5.256.439 4,354,256 Current assets Inventories 175,850 160,107 Trade and other receivables 1,727,088 2,196,766 2,475,345 Cash and bank balances 2,538,938 5,190,133 4,083,961 Total assets 10,446,572 8,438,217 EQUITY AND LIABILITIES Equity Share capital 3,000,000 1,000,000 1,457,067 10 3,000,000 Statutory reserve Special reserve Land revaluation reserve 11 1,000,000 12 1,457,067 4 1,110,887 1.110.887 Retained earnings 621,257 231,873 Total equity 7,189,211 6,799,827 Liabilities Non-current liabilities Non-current portion of term loans Non-current portion of lease liabilites Employees' end of service benefits Deferred tax liability 797,718 250,336 56,261 13 154,382 14 15 53,230 17 195,624 199,010 1,299,939 406,622 Current liabilities Term loans 13 202,707 45,329 Lease liabilites 14 22,909 Trade and other payables Income tax payable 16 1,687,993 1,098,498 17 43,813 87,941 1,957,422 1,231,768 Total liabilities 3,257,361 1,638,390 Total equity and liabilities 10.446.572 8,438,217 Net assets per share 18 0.240 0.227 These financial statements were approved and authorised for issue by the Board of Directors on 26 February 2020 and signed on their behalf by: CHAIRMAN CHIEF EXECUTIVE OFFICER The notes on pages 10 to 43 form part of these financial statements. Auditor's report: pages 1 -5 Page: 6 ii
Transcribed Image Text:0:1A 2_MGMC_BalanceSheet_01002020... A 1 js 1 GASES COMPANY SAOG o ENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RO 2018 RO ASSETS Non-current assets Property, plant and equipment Right-of-use assets 3,138,365 2,514,382 268,681 Investment in an associate 1,849,393 1,839,874 5.256.439 4,354,256 Current assets Inventories 175,850 160,107 Trade and other receivables 1,727,088 2,196,766 2,475,345 Cash and bank balances 2,538,938 5,190,133 4,083,961 Total assets 10,446,572 8,438,217 EQUITY AND LIABILITIES Equity Share capital 3,000,000 1,000,000 1,457,067 10 3,000,000 Statutory reserve Special reserve Land revaluation reserve 11 1,000,000 12 1,457,067 4 1,110,887 1.110.887 Retained earnings 621,257 231,873 Total equity 7,189,211 6,799,827 Liabilities Non-current liabilities Non-current portion of term loans Non-current portion of lease liabilites Employees' end of service benefits Deferred tax liability 797,718 250,336 56,261 13 154,382 14 15 53,230 17 195,624 199,010 1,299,939 406,622 Current liabilities Term loans 13 202,707 45,329 Lease liabilites 14 22,909 Trade and other payables Income tax payable 16 1,687,993 1,098,498 17 43,813 87,941 1,957,422 1,231,768 Total liabilities 3,257,361 1,638,390 Total equity and liabilities 10.446.572 8,438,217 Net assets per share 18 0.240 0.227 These financial statements were approved and authorised for issue by the Board of Directors on 26 February 2020 and signed on their behalf by: CHAIRMAN CHIEF EXECUTIVE OFFICER The notes on pages 10 to 43 form part of these financial statements. Auditor's report: pages 1 -5 Page: 6 ii
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