financial planning and control case study answers

Question 1
Profoma statement of financial position of Dreamit Electronics Ltd as at 31 December
2024
Non current asset 50 000 000
Fixed assets (R30 000 000 + R24 000 000 - R4 000 000) 50 000 000
Current Assets 15 500 000
Inventory 9 400 000
Accounts receivables 4 000 000
Cash (R1 600 000 + R500 000) 2 100 000
Total Assets 65 500 000
Equity and liabilities
Equity 28 400 000
Ordinary share capital (R17 000 000 + R4 000 000) 21 000 000
Retained earnings ( R6 400 000 + R4 000 000 - R3 000 000) 7 400 000
Non current liabilities 22 000 000
Current liabilities 9 100 000
Trade creditors 3 600 000
Repayment to Mesa Bank 5 500 000
Total equity and liabilities 65 500 000