Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate the liquidity ratios and current ratios?
Transcribed Image Text:SAHARA HOSPITALITY COMPANY SAOG
STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2020
Note
2020
2019
ASSETS
RO
RO
Non-current assets
Property, plant and equipment
Right-of-use assets
Investments at amortised cost
4
16,686,852
103,108
17,739,190
5
4,000,000
16,789,960
21,739,190
Current assets
Inventories
Amount due from related parties
Trade and other receivables
Cash and bank balances
30,925
5,261
4,842,366
5,924,473
23,831
33,431
4,841,518
1,511,436
6
7
8
10,803,025
6,410,216
Total assets
27,592,985
28,149,406
EQUITY AND LIABILITIES
Equity
Share capital
Legal reserve
Retained earnings
9.
6,737,500
2,245,833
15,420,017
6,125,000
2,041,667
14,913,939
10
Total equity
24,403,350
23,080,606
Liabilities
Non-current liabilities
Non-current portion of term loans
Non-current portion of lease liabilities
Deferred taxation
982,724
5
86,629
133,028
11,356
12
114,320
Employees' end of service benefits
231,013
1,097,044
Current liabilities
Current portion of term loans
Current portion of lease liabilities
Amount due to related parties
Trade and other payables
Income tax payable
11
982,724
19,025
1,022,419
502,301
432,153
1,179,288
5
1,486,325
842,826
463,317
13
12
2,958,622
3,971,756
Total liabilities
3,189,635
5,068,800
Total equity and liabilities
27,592,985
EE ===
28,149,406
Net assets per share
14
3.622
3.768
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