Professional Documents
Culture Documents
Mr MT Hlongoane
Mrs FM Osman
Mr A Eysele
Mr J van Staden
Mr RN Ngcobo
Mrs B Ntoyanto-Ceki
Module Telephone Number: 012 429 4176
Module E-mail Address:
fac1601@unisa.ac.za
Depreciation:
Equipment:
Old equipment:
New equipment:
Disposed equipment:
Vehicles:
R
^407 000
(84 000)
^(130 000)
193 000
Bank
Liabilities
Capital:
Bob
Capital
Morgan
Capital:
Arthur
R
R
R
R
R
^15 000 (92 000) ^ (140 000) ^(106 000) ^ (84 000)
^12 000
^(12 000)
(12 500)
(7 500)
(5 000)
^25 000
4 200
2 520
1 680
75 600
^130 000
^ (80 000)
^80 000
165 600
(148 300)
(122 980)
(87 320)
R
498 900
61 175
10 000
50 000
^ 1 175
(10 204)
2 700
7 504
549 871
(126 500)
423 371
(86 800)
336 571
^ 472 000
808 571
(8)
3.2
EFFICIENCY CONSULTANTS CC ^
STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2011 ^
R
ASSETS
Non-current assets
Property, plant and equipment R(747 000^ + 120 000^ 24 000^)
Financial assets
Current assets
Inventories
Trade receivables and other receivables
R[(35 600 ^ 3 000 ^ - 4 700 ^^ 1 500 ^) + 10 000 ^
Other financial assets R(250 000 ^^ + 70 500 ^ + 1 175 ^^)
Prepayments
Cash and cash equivalents R(48 100 ^ + 2 800 ^)
Total assets ^
EQUITY AND LIABILITIES
Total equity
Members contributions R(120 000 ^ + 95 000 ^)
Retained earnings
Total liabilities
Non-current liabilities
Long-term borrowings R[232 000^ + R(44 800^^ x 50%^)]
Current liabilities
Income received in advance
Trade and other payables R(25 100 ^ + 7 504 ^)
Distribution to members payable R(44 800 ^ x 50% ^)
Current portion of loans from members
Current tax payable R(126 500 ^ 116 600 ^)
Total equity and liabilities ^
938 000
^843 000
95 000
513 335
99 312
36 400
^321 675
5 048
50 900
1 451 335
1 023 571
215 000
^808 571
427 764
254 400
254 400
173 364
^14 660
32 604
22 400
93 800
9 900
1 451 335
(21)
[29]
600 924
(269 414)
331 510
10 200
(8 500)
(123 216)
(22 400)
R
(4)
(4)
(60 000) ^
14 500 ^
142 094
(214 500)
(33 020)
(58 000)
(305 520)
57 600
51 000
108 600
(54 826)
170 000
115 174
R[(62 500 ^ + 599 760 ^ 63 126 ^) (3 000 ^ + 5 700 ^ 3 700 ^)] = R594 124
R[(45 520 ^ + 294 440 ^ 90 080 ^) + R(34 334 ^ 10 400 ^ 4 400 ^)] = R269 414
R(280 500 ^ 20 320 ^ + 34 260 ^) = R294 440
QUESTION 5 (9 marks)
5.1
5.2
8% ^^ 4 ^ = 2%
2% ^ over 16 ^ periods
1.373
12% ^ 2 ^ = 6%
6% over 8 ^ periods
9.897