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
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
