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The following figures were calculated for Hakuna Ltd's draft single entity financial statements for the year ended 31 March 2019.
$
Profit before tax 475,300
Total assets 852,500
Total liabilities 302,400
However, additional information is now available and the draft figures should be adjusted.
Exchange rates are:
1 February 2019 €1: $0.89
31 March 2019 €1: $0.81
Requirement
Problem 1: Calculate the following revised figures for inclusion in Hakuna Ltd's single entity financial statements for the year ended 31 March 2019:
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