Finance and accounting
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Finance and accounting 29
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The extracts of the financial statements of TBN Limited for 2023 are provided below: 
Extract of the Statement of Comprehensive Income for the year ended 31 December 2023 
R 
Sales (credit) 988 000 
Less cost of sales 400 000 
Gross profit 560 000 
Less Operating expenses 160 000 
Operating profit 400 000 
Less interest expense 70 000 
Profit before tax 330 000 
Profit after tax 280 000 
Extract of Statement of Financial Position as at 31 December 2023 
Non-current assets 
Inventories 266 000 
...
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The extracts of the financial statements of TBN Limited for 2023 are provided below: 
Extract of the Statement of Comprehensive Income for the year ended 31 December 2023 
R 
Sales (credit) 988 000 
Less cost of sales 400 000 
Gross profit 560 000 
Less Operating expenses 160 000 
Operating profit 400 000 
Less interest expense 70 000 
Profit before tax 330 000 
Profit after tax 280 000 
Extract of Statement of Financial Position as at 31 December 2023 
Non-current assets 
Inventories 266 000 
...
The extracts of the financial statements of TBN Limited for 2023 are provided below: 
Extract of the Statement of Comprehensive Income for the year ended 31 December 2023 
R 
Sales (credit) 988 000 
Less cost of sales 400 000 
Gross profit 560 000 
Less Operating expenses 160 000 
Operating profit 400 000 
Less interest expense 70 000 
Profit before tax 330 000 
Profit after tax 280 000 
Extract of Statement of Financial Position as at 31 December 2023 
Non-current assets 1 140 000 
Inventories ...
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The extracts of the financial statements of TBN Limited for 2023 are provided below: 
Extract of the Statement of Comprehensive Income for the year ended 31 December 2023 
R 
Sales (credit) 988 000 
Less cost of sales 400 000 
Gross profit 560 000 
Less Operating expenses 160 000 
Operating profit 400 000 
Less interest expense 70 000 
Profit before tax 330 000 
Profit after tax 280 000 
Extract of Statement of Financial Position as at 31 December 2023 
Non-current assets 1 140 000 
Inventories ...
international accounting
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international accounting
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mamangement
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mamangement
finance and
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finance and
financial
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financial
cost
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cost
commercial
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commercial