Financial Statement

1. Part A

Snake Ltd

Statement of Profit or Loss and Other Comprehensive Income

for the year ended 30 June 2017

$

|Revenue |6,588,000 |

|Cost of sales |-3,514,000 |

| Gross profit |3,074,000 |

| Other revenue |139,200 |

| Other income |16,000 |

| Selling expenses |-945,000 |

| Administrative expenses |-865,000 |

| Other expenses |-167,000 |

| Financial costs | -68,000 |

| Profit before income tax |1,184,200 |

| Income tax expense |-381,000 |

| Profit for the year |803,200 |

| | |

| Other comprehensive income | |

| Items that will not be reclassified to profit or loss...