How to calculate clean surplus adjustments

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Reference no: EM132471585

Question 1: How to calculate Clean Surplus adjustments and Tax Shelter in the reformatted financial statement

Reformat - Statement of Comprehensive Income

2010

2011

2012

2013

2014

Operating Activities Revenues

Revenue from Sale of Goods

96,365

100,015

109,391

127,431

141.442

Other Income

87

276

90

5,438

160

Total Revenues from Operating Activities

96.452

100,291

109.481

132.869

141,602

Expenses

 

 

 

 

 

Cost of Sales

35.919

37.322

42,883

49,925

56,019

Marketing Expense

17,956

8,377

9,587

11,404

12,543

Employment Expenses

 

15.868

18.435

20,431

22,297

Administration Expenses

3.959

3.797

4.226

4,826

5.576

Property Expenses

16.441

17.292

20,604

21,812

23,046

Distribution Expenses

5,841

424

530

612

639

Depreciation & Amortisation

924

1,064

1.327

1.734

1,947

Total Expenses from Operating Actvities

81,040

84,144

97.592

110,744

122,067

Net Operating Profit From Ordinary Activities

 

 

 

 

 

15.412

16,147

11,889

22.1.25

19,535

Inter-Company investment Profits

 

 

aaa

 

 

Significant Item

 

 

 

 

 

Net Operating Profit Before Tax (NOPAT)

15.412

16.147

11.889

22,125

19,535

Tax on Operating Profit

4.824

5.201

3.621

6.863

6,122

Clean surplus adjustment

7.154

6,912

6.234

10,671

8,389

Net Operating Profit After Tax (NOPAT)

11.978

12,113

9,855

17,534

14,511

Interest Expense

 

 

 

 

 

Interest Paid • Interest on loans

 

(116)

(221)

(252)

(301)

Interest Income- Deposits

667

778

977

992

1,124

Net Expense

(667)

(894)

(1,198)

(1,244)

(1,425)

Tax Shelter

200.10

268.20

359.40

373.20

427.50

Net Financing Expense After Tax

(466.90)

(625.80)

(838.60)

(870.80)

(997.50)

Net Income - Surplus Profit (NPAT)

 

 

 

 

 

11.511

11.487

9,016

16,663

13.513

Reference no: EM132471585

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