Depreciation Book Value 101 Land 250000000 250000000 102 Building 250000000

Depreciation book value 101 land 250000000 250000000

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Depreciation $ Book Value $ 10.1 Land 2,500,000.00 - 2,500,000.00 10.2 Building 2,500,000.00 - 2,500,000.00 10.3 Office Equipment 217,500.00 139,500.00 78,000.00 10.4 Motor Vehicles 285,000.00 91,300.00 193,700.00 10.5 Building Extension 2,000,000.00 - 2,000,000.00 Total 7,502,500.00 230,800.00 7,271,700.00 Note 11 Intangible Assets 11.1 Goodwill $ 200,000.00 11.2 Development Expenditure $ 90,000.00 Total $ 290,000.00 Note 12 Investments Assets 12.1 Shares in Timber Supplies Ltd (Market Value) $ 1,600,000.00 total $ 1,600,000.00 2192146 Donnavaye Fiame
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Note 13 Non-current Assets 13.1 Property, Plant & Equipment $ 7,271,700.00 13.1 PPE $ 7,271,700.00 13.2 Investments Assets $ 1,600,000.00 13.2 Shares in Timber Supplies Ltd (Market Value) $ 1,600,000.00 13.3 Intangible Assets $ 290,000.00 13.3.1 Goodwill $ 200,000.00 13.3.2 Development expenditure $ 90,000.00 total $ 9,161,700.00 Note 14 Current Liabilities 14.1 Account payable $ 200,200.00 14.2 GST liability $ 51,750.00 14.3 Interest payable $ 18,600.00 14.4 Bank Overdraf $ 70,050.00 14.5 Dividend Payable $ 300,000.00 14.6 Tax payable $ 981,472.80 total $ 1,622,072.80 Note 15 Non-Current Liabilities 15.1 Loan $ 620,000.00 total $ 620,000.00 Educational Toys Limited Trial NOTE TO THE FINANCIAL STATEMENT 2192146 Donnavaye Fiame
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BASIS OF PREPARATION a. Educational Toys Limited trade in the New Zealand retail services sectors. The company is a limited liability company incorporated and domiciled in New Zealand. And registered under the Companies Act 1993. The company is an FMC Reporting Entity under the Financial Markets Conduct Act 2013 and NZ International Accounting Standards (NZIAS). For the purpose of complying with NZ GAAP the entity is a for-profit entity. The address of its registered office and primary place of business is in Petone. b. The financial statements cover the period from 1 April 2016 to 31 March 2017 c. These financial statements have been prepared in accordance with GAAP; with specific accounting policies as detailed below. Accounting policies have been chosen in accordance with applicable NZ IFRSs, to achieve fair presentation, except full compliance with NZ IFRS is not claimed, as the company qualifies for and has chosen differential reporting exemptions. d. The company didn’t need to reflect the cash flow statement. Accounting policies for Inventory 1. Inventories are set at lower of cost and net realizable value; 2. The cost of products and materials is determined in principle based on the FIFO method; Property, Plant and Equipment 2192146 Donnavaye Fiame
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1. Property, plant and equipment (PPE) is basis on cost or re-valued
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  • Fall '19
  • Balance Sheet, Generally Accepted Accounting Principles, Donnavaye Fiame

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