You have been provided with financial statements for TKC limited for the year ending 31 December 2023. All figures are Botswana Pula TKC Limited Statement of Income for the year ended 2023 Revenue Cost of sales Gross Profit Other income Loss of disposal of equipment Impairment reversal 2023 5 330 761 (4 141 605) 1 189 156 45 191 (201) Changes in credit allowances 16 954 Admin expenses (855 718) Seling and distribution (35 119) Other expenses (134 689) Non-monetary translation 589 Profit 226 163 Finance income 103 Finance cost (110 036) Profit before tax Taxation Profit for the year 116 230 (34 336) 81 894 2022 5 420 595 (4 167 850) 1 252 746 52 617 (656) (9 868) (1 412) (901 870) (63 200) (140 741) 20 366 207 982 110 (105 005) 105 005 (6076) 98 929 TKC Limited Statement of Financial position as at 31 December 2023 Non-current assets Property and equipment Goodwill 2023 1 067 576 2022 3 1218 626 65 735 Investments in new projects 64 477 8 136 1 160 189 340 692 5 310 Current assets Inventories Related entities Advances and deposits Trade Receivables 63 810 Tax receivables Restricted cash Cash and cash equivalents TOTAL ASSETS Equity and Liabilities Share capital (P1.00 each) Adjustment Inflation reserve Forex translation Retained loss 44 298 10 094 5 143 73 920 1 703 456 906 196 (29 616) 192 930 10 270 1 294 631 305 476 5414 39 095 63 645 9887 12 845 60 727 1 840 801 906 196 (29 616) 158 920 (396 412) (1 006 538) 984 596 571 225 (473 964) (938 206) Long Term Borrowing 1 207 108 Current Liabilities Trade payables 568 461 Payments to related parties 43 734 82 794 Current portion of long-term loan 86 129 192 289 Lease liabilities 149 445 153 116 Taxation 29 483 7 248 Bank 67 525 Other Liabilities 148 788 167 799 Total equity and liabilities 1 703 456 1 840 801 Additional information ■ Purchases constitute 50% of cost of sales ■ Share price remain stable at BWP 0.52 per share