| CR | DR |
|---|---|
| Creditors (+) | Retained Earnings (-) |
| Original dividends paid: | |
|---|---|
| Original net income: | |
| Dividends payable: |
Balance Sheet Original
| ASSETS | |
| Current Assets | 1679483 |
| Bank | 1618983 |
| Debtors and Prepayments | 60500 |
| Other Current Assets (Stock) | 0 |
| Fixed Assets | 24200 |
| TOTAL Assets | 1703683 |
| LIABILITIES | |
| Current Liabilities | 588660 |
| Creditors | 400000 |
| Accruals | 188660 |
| Long Term Liabilities | 0 |
| Long Term Loan | 0 |
| Ending Equity | 1115023 |
| Shareholders' Equity | 760383 |
| Income Statement | 354640 |
| TOTAL Liabilities + Equity + Retained Earnings | 1703683 |
| A. Income | |
| Sale of Licences | 3480000 |
| Software Maintenance after Warranty, Recurrent Licencing Fees, Ongoing Technical Support | 590000 |
| Unearned income | 60500 |
| Currency Gains | 0 |
| Cost of Goods Sold (Purchase of Licences for Resale) | -2436000 |
| TOTAL INCOME: | 1694500 |
| B. Expenses | |
| Software Upgrading | 50000 |
| Web Site Development | 20000 |
| Web Maintenance | 36000 |
| Technical Support | 24000 |
| Marketing | 36000 |
| Staff Salaries | 115200 |
| Consultancy and Accountancy | 72000 |
| Office Costs | 43200 |
| General Costs | 90800 |
| Inventory Expense | 264000 |
| Interest on loan | 0 |
| Currency Losses | 0 |
| TOTAL EXPENDITURE: | 751200 |
| Profit (Loss) from Operations | |
| Corporate Tax | -188660 |
| Dividends Paid | -400000 |
| Net Profit (Loss): | 354640 |
Balance Sheet New
| ASSETS | |
| Current Assets | |
| Bank | |
| Debtors and Prepayments | |
| Other Current Assets (Stock) | |
| Fixed Assets | |
| TOTAL Assets | |
| LIABILITIES | |
| Current Liabilities | |
| Creditors | |
| Accruals | |
| Long Term Liabilities | |
| Long Term Loan | |
| Ending Equity | |
| Shareholders' Equity | |
| Income Statement | |
| TOTAL Liabilities + Equity + Retained Earnings | |
| A. Income | |
| Sale of Licences | |
| Software Maintenance after Warranty, Recurrent Licencing Fees, Ongoing Technical Support | |
| Unearned income | |
| Currency Gains | |
| Cost of Goods Sold (Purchase of Licences for Resale) | |
| TOTAL INCOME: | |
| B. Expenses | |
| Software Upgrading | |
| Web Site Development | |
| Web Maintenance | |
| Technical Support | |
| Marketing | |
| Staff Salaries | |
| Consultancy and Accountancy | |
| Office Costs | |
| General Costs | |
| Inventory Expense | |
| Interest on loan | |
| Currency Losses | |
| TOTAL EXPENDITURE: | |
| Profit (Loss) from Operations | |
| Corporate Tax | |
| Dividends Paid | |
| Net Profit (Loss): |