The statement of financial position of Weatherly Unlimited (Pty) Ltd is presented below: Statement of Financial Position as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000 Current assets
The
Position as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000
Current assets 1 250 000 Inventory 480 000 Trade receivables 350 000 Cash and cash equivalents 420 000
TOTAL ASSETS 3 100 000 EQUITY 1 850 000 Ordinary share capital 1 000 000 Distributable reserves 850 000
Non - current liabilities 650 000 Long-term loan 650 000 Current liabilities 600 000 Trade payables 545 000
Short-term portion of long-term loan 55 000 TOTAL LIABILITIES 1 250 000 TOTAL EQUITY AND LIABILITIES
3 100 000 Additional information: The company plans to increase its sales by 10% in the following year. Current annual sales total R2 500 000. After tax profit margin is 5% and half of the profits is retained within the company. All sales are currently made on credit and in future, sales will remain on credit. What is the additional
. R
22 250
4
. R64 075
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