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common-size percents

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Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 12MC: Which of the following principles matches expenses with associated revenues in the period in which...
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Express the following income statement information in common-size percents
ThousandsOmani RiaVAudited Standalone Analysis of Income and Expe nse - Function of Expense ANALYSIS OF INCOME AND EXPENSE Consolidated Standalone Consolidated 01/01/2021-31/12/2021 01/01/2021-31/12/2021 01/01/2020-31/12/2020 01/01/2020-31/12/2020 CONSOLIDATED AND SEPARATE REVENUE Revenue from sale of goods 39,803 33,686 40,339 34,111 Other revenue 82 94 57 69 Total revenue 39,885 33,780 40.396 34,180 OTHER INCOME Dividend income 222 381 161 223 Miscellaneous income 285 221 1,720 1,653 Total other income 507 602 1,881 1,876 ΕΝΡENSES COST OF SALES 25,475 3,685 Cost of material consumed 26,860 24,711 23,351 Employ ee benefit expenses Fuel and electricity Depreciation and amortisation 3,664 2,308 2,250 877 836 640 604 1,447 1,045 1,611 136 1,181 136 Inventory write-down Repairs and maintainance Other cost of goods sold 14 114 365 356 516 491 1,849 270 1,709 1,413 Total Cost of sales 35,176 29.640 33,772 29,426 SELLING, DISTRIBUTION AND MARKETING EXPENSES 1575 Packaging and dispatch charges Employ ee benefit expense 1,388 2,356 994 1,182 1,994 2,059 2,311 Depreciation and amortisation Sales promotion expenses Other selling and distribution expenses 585 490 523 490 168 456 140 463 190 132 444 436 Total selling, distribution and marketing expenses 4,963 4,111 5,033 4,269 GENERALAND ADMINISTRATIVE EXPENSES 199 Rent and utility expenses Employ ee benefit expenses Director's remuneration and sitting fees Expected credit losses - trade and other receivables Depreciation and amortisation 116 161 1,525 74 1,399 856 952 138 88 132 76 13 152 72 131 64 Professional and consultants fees 196 168 263 188 Other expenses and fees Total General and administrative expenses 250 145 377 204 2,334 1,445 2,602 1,558
Transcribed Image Text:ThousandsOmani RiaVAudited Standalone Analysis of Income and Expe nse - Function of Expense ANALYSIS OF INCOME AND EXPENSE Consolidated Standalone Consolidated 01/01/2021-31/12/2021 01/01/2021-31/12/2021 01/01/2020-31/12/2020 01/01/2020-31/12/2020 CONSOLIDATED AND SEPARATE REVENUE Revenue from sale of goods 39,803 33,686 40,339 34,111 Other revenue 82 94 57 69 Total revenue 39,885 33,780 40.396 34,180 OTHER INCOME Dividend income 222 381 161 223 Miscellaneous income 285 221 1,720 1,653 Total other income 507 602 1,881 1,876 ΕΝΡENSES COST OF SALES 25,475 3,685 Cost of material consumed 26,860 24,711 23,351 Employ ee benefit expenses Fuel and electricity Depreciation and amortisation 3,664 2,308 2,250 877 836 640 604 1,447 1,045 1,611 136 1,181 136 Inventory write-down Repairs and maintainance Other cost of goods sold 14 114 365 356 516 491 1,849 270 1,709 1,413 Total Cost of sales 35,176 29.640 33,772 29,426 SELLING, DISTRIBUTION AND MARKETING EXPENSES 1575 Packaging and dispatch charges Employ ee benefit expense 1,388 2,356 994 1,182 1,994 2,059 2,311 Depreciation and amortisation Sales promotion expenses Other selling and distribution expenses 585 490 523 490 168 456 140 463 190 132 444 436 Total selling, distribution and marketing expenses 4,963 4,111 5,033 4,269 GENERALAND ADMINISTRATIVE EXPENSES 199 Rent and utility expenses Employ ee benefit expenses Director's remuneration and sitting fees Expected credit losses - trade and other receivables Depreciation and amortisation 116 161 1,525 74 1,399 856 952 138 88 132 76 13 152 72 131 64 Professional and consultants fees 196 168 263 188 Other expenses and fees Total General and administrative expenses 250 145 377 204 2,334 1,445 2,602 1,558
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