Financial Reporting and Analysis Memo ()

FINANCIAL REPORTING
AND
ANALYSIS
MEMORANDUM

11 JANUARY 2023
BY: MTHOMBENI: 0767297208




1

, QUESTION 1

MALVERN TRADERS
STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2022
ASSETS R
Non-current assets 2 436 000
Property, plant, and equipment 2 356 000
Financial assets 80 000
(200 000 – 120 000)
Current assets 508 000
Inventories 276 000
(280 000+ 8 000 – 12 000)
Trade and other receivables 100 000
Debtors control 80 000
Accrued income 16 000
Prepaid expenses 4 000
Cash and cash equivalents 132 000
Cash float 12 000
Fixed deposit 120 000
Total assets 2 944 000
EQUITY AND LIABILITIES
Equity
Capital 2 108 000
( 2 000 000 + 1 080 000 – 960 000 –
12 000)
Non-current liabilities 352 000
Long-term loan (400 000 – 48 000) 352 000
Current liabilities 484 000
Trade and other payables 436 000
Creditors control 320 000
Income received in advance 32 000
Accrued expenses 24 000
Bank 60 000
Current portion of loan 48 000
Total equity and liabilities 2 944 000




2