FAC3704 ASSIGNMENT 1 – SEMESTER 2 OF
2018
(a) MUFASA LTD GROUP
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (ASSET SECTION) AS
AT 31 DECEMBER 2017
R
ASSETS
NON – CURRENT ASSETS 1 628 357
Property, Plant & Equipment [532 228 + 868 000 + (11 500 − 8 500) −
2 1 403 082
(11 500 − 8 500) ∗ ]
41
40 775
Goodwill (33 775 + 7 000)
184 500
Investments in equity instruments (109 500 + 75 000)
CURRENT ASSETS 323 576
33 173 576
Inventories [90 000 + 87 050 − (3 500 + 10 500) ∗ 133]
70 250
Trade & other receivables (21 000 + 57 750 − 8 500)
79 750
Cash & Cash Equivalents (32 500 + 47 250)
TOTAL ASSETS 1 951 933
Calculations
227 500
Percentage shareholding of Mufasa in Marabi = (350 000 ∗ 100) = 𝟔𝟓%
87 500
Percentage shareholding in preference shares = (175 000 ∗ 100) = 𝟓𝟎%
2018
(a) MUFASA LTD GROUP
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (ASSET SECTION) AS
AT 31 DECEMBER 2017
R
ASSETS
NON – CURRENT ASSETS 1 628 357
Property, Plant & Equipment [532 228 + 868 000 + (11 500 − 8 500) −
2 1 403 082
(11 500 − 8 500) ∗ ]
41
40 775
Goodwill (33 775 + 7 000)
184 500
Investments in equity instruments (109 500 + 75 000)
CURRENT ASSETS 323 576
33 173 576
Inventories [90 000 + 87 050 − (3 500 + 10 500) ∗ 133]
70 250
Trade & other receivables (21 000 + 57 750 − 8 500)
79 750
Cash & Cash Equivalents (32 500 + 47 250)
TOTAL ASSETS 1 951 933
Calculations
227 500
Percentage shareholding of Mufasa in Marabi = (350 000 ∗ 100) = 𝟔𝟓%
87 500
Percentage shareholding in preference shares = (175 000 ∗ 100) = 𝟓𝟎%
