Boundaries of management performance measures (MPMs) disclosed in primary financial statements prepared in accordance with new standard planned to supersede IAS 1
y | 05 ene 2024
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Publicado en línea: 05 ene 2024
Páginas: 1 - 16
DOI: https://doi.org/10.2478/ceej-2024-0001
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© 2024 Ewa Wanda Maruszewska et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
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Tax Rates Applicable to the Company for 2020–2022
| Nominal tax rate | 19% | 19% | 19% |
| Effective tax rate before applying tax exemption | 14% | 21% | 20% |
| Effective tax rate after applying tax exemption | 5% | 11% | 9% |
Statement of Financial Performance for 2020–2022 in Accordance With IAS 1
| Revenue from the sale of goods | 22,132,991 | 16,381,185 | 11,589,068 |
| Cost of goods sold | −15,447,701 | −11,298,542 | −8,178,590 |
| Other income | 410,245 | 201,756 | 414,358 |
| Selling expenses | −1,701,360 | −1,192,527 | −914,645 |
| General and administrative expenses | −2,554,044 | −2,208,843 | −1,738,436 |
| Other expenses | −453,009 | −399,870 | −514,536 |
| Finance costs | −8,058 | −10,119 | −153 |
| Income tax expense | 128,469 | 154,669 | 57,164 |
| Loss for the year from continuing operations | 0 | 0 | 0 |
Reconciliation of Adjusted EBITDA and EBIT
| - depreciation and amortisation | −576,849 | −31,150 | −432,542 | −45,417 | −387,866 | −33,744 |
| - Internal group costs | −352,095 | −19,013 | −320,195 | −33,620 | −386,420 | −33,618 |
| - incidental incomes | 46,518 | 2,512 | 22,741 | 2,388 | 0 | 0 |
| - incidental expenses | −14,743 | −796 | −5,210 | −547 | −7,500 | −653 |
| - incidental cost reduction | 0 | 0 | 0 | 0 | 344,132 | 29,939 |
| Profit before financing and income tax | 2,387,122 | 1,475,922 | 657,220 | |||
Reconciliation of Adjusted Profit Before Financing and Income Tax
| - interests received from loan | 30,000 | 1,620 | 25,000 | 2,625 | - | |
| - exchange rates gain/loss from interests | 6,000 | 324 | 3,000 | 315 | - | |
| Profit before financing and income tax | 2,387,122 | 1,475,922 | 657,220 | |||
Transformed Statement of Financial Performance for 2020–2022 in Accordance With IFRS X
| Revenue from the sale of goods | 22,132,991 | 16,381,185 | 11,589,068 |
| Cost of goods sold | −15,447,701 | −11,298,542 | −8,178,590 |
| Other income | 265,245 | 102,756 | 376,358 |
| Selling expenses | −1,701,360 | −1,192,527 | −914,645 |
| General and administrative expenses | −2,554,044 | −2,208,843 | −1,738,436 |
| Other operating expenses | −444,009 | −401,108 | −510,036 |
| Investment income | 145,000 | 99,000 | 38,000 |
| Investment costs | −9,000 | −6,000 | −4,500 |
| Finance income | 0 | 0 | 0 |
| Finance costs | −8,058 | −2,882 | −153 |
| Income tax expense | 128,469 | 154,669 | 57,164 |
| Loss for the year from continuing operations | 0 | 0 | 0 |
List of Incidental Income and Expenses in Company A for 2020–2022
| Settlement with a customer over a dispute | Insurance compensation for a car broken in an accident | ||
| Cost of cancelled orders already prepared which could not be sold to another customer | Costs of repair of car broken in an accident | Donation to fund masks for a hospital (COVID pandemic) |
Reconciliation of Adjusted Gross Profit
| - incidental cost reduction | 0 | 0 | 0 | 0 | 199,686 | 17,373 |
| Gross Profit | 6,685,290 | 5,082,644 | 3,410,478 | |||