FAC2601
Assignment 2 Semester 2 2022
UNIQUE NUMBER: 174991
Solutions, Explanations, workings, and references
+27 81 278 3372
, SANKOFA LTD
Statement of financial position as at 30 June 2020
ASSETS
Non-Current Assets 4 532 985,00
Property Plant and Equipment (Note 1) 3 398 985,00
Investments (C4) 100 000,00
Financial assets (84 000 + 950 000) (Note 3) 1 034 000,00
+27 81 278 3372 +27 81 278 3372
Current Assets 627 600,00
Inventory (126 100 + 90 300 + 78 200) C5 294 600,00
Trade and other receivables 220 000,00
Financial assets (C4) 90 000,00
Cash and cash equivalents 23 000,00
TOTAL ASSETS 5 160 585,00
+27 81 278 3372 +27 81 278 3372
+27 81 278 3372 +27 81 278 3372
Varsity Cube 2022 +27 81 278 3372
Assignment 2 Semester 2 2022
UNIQUE NUMBER: 174991
Solutions, Explanations, workings, and references
+27 81 278 3372
, SANKOFA LTD
Statement of financial position as at 30 June 2020
ASSETS
Non-Current Assets 4 532 985,00
Property Plant and Equipment (Note 1) 3 398 985,00
Investments (C4) 100 000,00
Financial assets (84 000 + 950 000) (Note 3) 1 034 000,00
+27 81 278 3372 +27 81 278 3372
Current Assets 627 600,00
Inventory (126 100 + 90 300 + 78 200) C5 294 600,00
Trade and other receivables 220 000,00
Financial assets (C4) 90 000,00
Cash and cash equivalents 23 000,00
TOTAL ASSETS 5 160 585,00
+27 81 278 3372 +27 81 278 3372
+27 81 278 3372 +27 81 278 3372
Varsity Cube 2022 +27 81 278 3372