ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLCOncorporated in the Republic of Zambia(Registration number: 119820011972)Share code: ZFCOISIN: ZMO000000524"ZAFFICO" or "the CompanyIn compliance with the requirements of the Securities Act No. 41 of 2016 of the Laws of Zambia andthe Listing Requirements of the Lusaka Securities Exchange, the Directors of ZAFFICO are pleased toannounce the audited financials for the year ended 31 December 2021.ABRIDGED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEARENDED 31 DECEMBER 20212021кооо2020кооRevenue366,636283,347Cost of sales(115,456174,498)Gross Profit251,180208,849Otherome7,8056,952Compensation for the felled trees at the Simon MwansaКарwерwе Airрort134,353Recognition of fair value of the biological assets2,210,321Administrative expenses(361,172)(92,730)Net finance icosta/income(9,525)2,957Profit before income taxes2,098,609260,381Income tax expense(223,167)31,617)Profit for the year1,875,442228,764Other comprehensive incomeRe-measurement of defined benefit liability & related tax(23,836)(1,143)Total comprehensive income1,851,606227,621Basic earnings per share (ZMW4.690.58ABRIDGED STATEMENT OF FINANCIAL POSITION31/12/2021K000AS AT31/12/2020кооAssets EmployedBiological assets-Plantations in formation2,875,733730,080Property and equipment Intangible & other non-currentassets100,72099,620Current assets303,332398,635Total assets3,279,7851,228,335Equity and LiabilitiesShareholders' funds2,863,9771,024,206Non-current liabilities270,74333,225Current liabilities145,065170,904Total Equity and Liabilties3,279,7851,228,335conductfinancial statementfor thisaanalysiscompany

Financial Statement analysis Financial statement analysis is the process undertaken to make…

Answered: Conduct a analysis for this com…

Business

Accounting

Conduct a analysis for this com financial statement

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter8: Securities Law Considerations When Obtaining Venture Financing

Section: Chapter Questions

Problem 1EP

See similar textbooks

Similar questions

1.The London, Tokyo and New York Stock Exchanges, Ghana, among others, require an annual audit of the financial statements of companies whose securities are listed on it. What are the possible reasons for this?
Foreign Corporation operates independently in the United States but is owned by a Philippine corporation. It reported the following in its USD-denominated financial statements submitted to its local regulators: Year 2 Bonds Payable $ 8,000.00 Ordinary Share Capital 10,000.00 Retained Earnings 2,240.00 Total Liabilities and Equity $20,240.00 Ordinary shares were issued when the exchange rate was P51.23.Retained Earnings balance as of the end of Year 1 had a translated value P111,000. During Year 2, dividends amounting to $500 were declared and paid when the exchange rate is P52.41.The average exchange rate and closing spot rate for Year 2 is P52.36 and P52.47 respectively.Cumulative Translation Gain would be P6,629 as of the end of Year 2.Based on the above, what is the net income in Philippine peso for the year?
The London, Tokyo and New York stock exchange, Ghana among others require an annual audit of the financial statements of companies whose securities are listed on it.What are the possible reasons for this?
Metropolis Ltd and Casper Ltd are both crypto currency developers. The companies are situated in South Africa. On 1 January 2019, Metropolis Ltd acquired 80% of the shares in Casper Ltd. The financial year-end of both companies is 31 December. Below is an extract from the trial balances of the companies on 31 December 2020: Additional information 1. On the date of acquisition, the carrying amount of Casper Ltd’s assets and liabilities were deemed equal to the fair value thereof. Each share of Casper Ltd carries one vote and voting rights alone determine control. On the acquisition date, CasperLtd’s equity consisted of: Ordinary Share Capital R300 000 Retained earnings R 1 700 000 Other Componenets of equity. R95 200 It is group policy to show goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired during the current year. The issued share capital of both companies remained unchanged since acquisition. 2.Both companies bank at…
Metropolis Ltd and Casper Ltd are both crypto currency developers. The companies are situated in South Africa. On 1 January 2019, Metropolis Ltd acquired 80% of the shares in Casper Ltd. The financial year-end of both companies is 31 December. Below is an extract from the trial balances of the companies on 31 December 2020: Additional information 1. On the date of acquisition, the carrying amount of Casper Ltd’s assets and liabilities were deemed equal to the fair value thereof. Each share of Casper Ltd carries one vote and voting rights alone determine control. On the acquisition date, CasperLtd’s equity consisted of: Ordinary Share Capital R300 000 Retained earnings R 1 700 000 Other Componenets of equity. R95 200 It is group policy to show goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired during the current year. The issued share capital of both companies remained unchanged since acquisition. 2.Both companies bank at…
Metropolis Ltd and Casper Ltd are both crypto currency developers. The companies are situated in South Africa. On 1 January 2019, Metropolis Ltd acquired 80% of the shares in Casper Ltd. The financial year-end of both companies is 31 December. Below is an extract from the trial balances of the companies on 31 December 2020: Additional information 1. On the date of acquisition, the carrying amount of Casper Ltd’s assets and liabilities were deemed equal to the fair value thereof. Each share of Casper Ltd carries one vote and voting rights alone determine control. On the acquisition date, CasperLtd’s equity consisted of: Ordinary Share Capital R300 000 Retained earnings R 1 700 000 Other Componenets of equity. R95 200 It is group policy to show goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired during the current year. The issued share capital of both companies remained unchanged since acquisition. 2.Both companies bank at…
Metropolis Ltd and Casper Ltd are both crypto currency developers. The companies are situated in South Africa. On 1 January 2019, Metropolis Ltd acquired 80% of the shares in Casper Ltd. The financial year-end of both companies is 31 December. Below is an extract from the trial balances of the companies on 31 December 2020: Additional information 1. On the date of acquisition, the carrying amount of Casper Ltd’s assets and liabilities were deemed equal to the fair value thereof. Each share of Casper Ltd carries one vote and voting rights alone determine control. On the acquisition date, CasperLtd’s equity consisted of: Ordinary Share Capital R300 000 Retained earnings R 1 700 000 Other Componenets of equity. R95 200 It is group policy to show goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired during the current year. The issued share capital of both companies remained unchanged since acquisition. 2.Both companies bank at…
Metropolis Ltd and Casper Ltd are both crypto currency developers. The companies are situated in South Africa. On 1 January 2019, Metropolis Ltd acquired 80% of the shares in Casper Ltd. The financial year-end of both companies is 31 December. Below is an extract from the trial balances of the companies on 31 December 2020: Additional information 1. On the date of acquisition, the carrying amount of Casper Ltd’s assets and liabilities were deemed equal to the fair value thereof. Each share of Casper Ltd carries one vote and voting rights alone determine control. On the acquisition date, CasperLtd’s equity consisted of: Ordinary Share Capital R300 000 Retained earnings R 1 700 000 Other Componenets of equity. R95 200 It is group policy to show goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired during the current year. The issued share capital of both companies remained unchanged since acquisition. 2.Both companies bank at…
Metropolis Ltd and Casper Ltd are both crypto currency developers. The companies are situated in South Africa. On 1 January 2019, Metropolis Ltd acquired 80% of the shares in Casper Ltd. The financial year-end of both companies is 31 December. Below is an extract from the trial balances of the companies on 31 December 2020: Additional information 1. On the date of acquisition, the carrying amount of Casper Ltd’s assets and liabilities were deemed equal to the fair value thereof. Each share of Casper Ltd carries one vote and voting rights alone determine control. On the acquisition date, CasperLtd’s equity consisted of: Ordinary Share Capital R300 000 Retained earnings R 1 700 000 Other Componenets of equity. R95 200 It is group policy to show goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired during the current year. The issued share capital of both companies remained unchanged since acquisition. 2.Both companies bank at…
Choose the correct. Which of the following statements is true for a foreign company registered with the U.S. SEC to list its stock on the New York Stock Exchange?a. The company must file an annual report with the SEC that is prepared in accordance with U.S. GAAP.b. The company may file an annual report with the SEC that is prepared in accordance with IFRS but must also provide a reconciliation of IFRS to U.S. GAAP.c. The company must file an annual report with the SEC that is prepared in accordance with IFRS but must also provide a reconciliation of IFRS to U.S. GAAP.d. The company may file an annual report with the SEC that is prepared in accordance with IFRS but need not also provide a reconciliation of IFRS to U.S. GAAP.
The Depository Trust and Clearing Corporation (DTCC) primarily provides custody and asset servicing for securities issues from outside the United States. brings efficiency by netting transactions between brokers, dealers, mutual funds, insurance companies and other large investors. brings efficiency by acting as an indirect holder of most stock and bond certificates via the commercial book-entry system (CBES). has three tiers, one for the U.S. Federal Reserve, one for depository institutions and one for brokers, dealers and others who hold accounts for individual investors.
Applying the principles of control in IFRS 10 Consolidated Financial Statements, you are required to consider whether certain investments in Newcastle plc are subsidiaries: a) Newcastle plc owns 45% of the voting shares of Hull Ltd b) Newcastle plc owns 60% of the voting shares of Bradford Ltd and Bradford owns 30% of the voting shares of Reading Ltd. Recently, Newcastle plc purchased 70% of the voting shares of Coventry Ltd. Coventry Ltd owns 30% of the voting shares of Reading Ltd. The accountant of Newcastle plc believes that Dery Ltd. is not a subsidiary of Newcastle, as Newcastle effectively owns only 39% of the shares of Reading - 60% x 30% = 18% through Bradford and 70% x 30% = 21% through Coventry. c) Recently, Newcastle plc purchased 60% of the ordinary shares of Sunderland plc. Prior to the purchase, Sunderland plc had in issue 6,000,000 ‘A’ shares of £1 each. Each ‘A’ share carries a single vote. These shares were owned equally by each of the directors of Sunderland plc.…