Question 1 Preparation and Presentation of the Balance Sheet

Question 1: Preparation and Presentation of the Balance Sheet/Statement of Financial Position Woodside Global Trading Limited, a company listed on the Roman Stock Exchange, is a trading and investment entity. The company trades exclusively in golf equipment, and invests in property and other firms. Woodside Global Trading Limited have just engaged you as their external accountant to assist entity\'s 2025 financial statements. The financial period of the company is from January 1 to December 31 in the preparation of the The company has provided you the following list of accounts, and the trial balance totals per account as at December 31, 2025 Trial Name of Account Amount s Payable 8,000,00 Accounts Receivables ash and Cash Equivalents ost of Goods Sold urrent Tax Liabilities $950,00 $65,015,00 Benefit Obligations $1.500,00 $15,002.00 S1.200,00 II $19.650.000 ain from Sale of Plant and ible Assets oans Due in Less than 12 Months 48,000,00 Term Term Land Investment Term Loans I S19 580,000 S500,00 S450,00 otes Pavable Payable (Due in Less than 12 Months) ther Payables ther Receivables (Due in more than 12 Months aid-Up Ca ant and E $250,00 II $32.000.000 $28.500,00 $520,00 S10.150 Reserves Eam $15,190,00 $100,890,00 S6.500,00 les

Solution

Woodside Global Trading Limited Balance Sheet As at Dec.31,2025 Assets Fixed assets Intangible assets 1200000 P&E (28500000-6000000) 22500000 Property 10150000 LT Land Inv. 6500000 LT I/c Inv 48000000 Other receivables(Due in > 12 mths.) 250000 Total Fixed assets 88600000 Current assets Inventory 15650000 Prepaid exp. 520000 Accounts receivable 4500000 Short-term Inv. 6500000 Cash &cash equiv. 950000 Total current assets 28120000 Total assets 116720000 Liabilities & shareholders\' Equity Liabilities Non-current liabilities LT loans 19580000 Employee Benefit Obligation 1500000 Notes payable 4000000 Total Non-current liabilities 25080000 Current Liabilities Loans due in < 12 mths. 1150000 Notes payable due in > 12 mths. 500000 Current Tax liabilities 1600000 Other payables 450000 Accounts payable 8000000 Total Current Liabilities 11700000 Total Liabilities 36780000 Shareholders\' Equity Paid-up capital 32000000 Reserves 14500000 Advance from subs.sh. 10750000 Retained Earnings(15190000+7500000) 22690000 Total Shareholders\' Equity 79940000 Total Liabilities & shareholders\' Equity 116720000