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What is the return on total assets given the figures attached?

What is the return on total assets given the figures attached?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the return on total assets given the figures attached?

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME YEAR ENDED 30 SEPTEMBER 2020 Note 2020 2019 REVENUE 1,674,779,369 1,543,975,287 COST OF SALES 875,504,518) ( 799,169,526) GROSS PROFIT 799,274,851 744,805,761 Other operating income 7 9,495,787 8,993,305 808,770,638 753,799,066 EXPENSES: Administrative and other 333,747,331) 292,484,014) ( 299,272,874) (_ 277,462,001) Selling and distribution 8 ( 626,231,345) (576,734,875) Impairment gain/(loss) on financial assets 8 11,753,885 406,787) 194,293,178 4,020,441 1,885,748) 176,657,404 1,514,102 1,514,344) OPERATING PROFIT Finance income - interest Finance costs 10 ( 196,427,871 176,657,162 (Depreciation)/appreciation in value of investments classified as fair value through profit or loss 5,387,732) 5,923,005 PROFIT BEFORE TAXATION 191,040,139 24,292,214) 182,580,167 11 ( (_ 26,110,733) Taxation NET PROFIT, BEING TOTAL COMPREHENSIVE INCOME 166,747,925 156,469,434 EARNINGS PER STOCK UNIT 12 0.35 0.33
Transcribed Image Text:STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME YEAR ENDED 30 SEPTEMBER 2020 Note 2020 2019 REVENUE 1,674,779,369 1,543,975,287 COST OF SALES 875,504,518) ( 799,169,526) GROSS PROFIT 799,274,851 744,805,761 Other operating income 7 9,495,787 8,993,305 808,770,638 753,799,066 EXPENSES: Administrative and other 333,747,331) 292,484,014) ( 299,272,874) (_ 277,462,001) Selling and distribution 8 ( 626,231,345) (576,734,875) Impairment gain/(loss) on financial assets 8 11,753,885 406,787) 194,293,178 4,020,441 1,885,748) 176,657,404 1,514,102 1,514,344) OPERATING PROFIT Finance income - interest Finance costs 10 ( 196,427,871 176,657,162 (Depreciation)/appreciation in value of investments classified as fair value through profit or loss 5,387,732) 5,923,005 PROFIT BEFORE TAXATION 191,040,139 24,292,214) 182,580,167 11 ( (_ 26,110,733) Taxation NET PROFIT, BEING TOTAL COMPREHENSIVE INCOME 166,747,925 156,469,434 EARNINGS PER STOCK UNIT 12 0.35 0.33
30 SEPTEMBER 2020 Note 2020 2019 ASSETS NON-CURRENT ASSETS: Property, plant and equipment Investments Intangible assets Right-of-use assets 510,604,374 91,952,024 2,663,309 13 553,448,405 61,326,234 1,748,534 5,799,889 14 15 16 622,323,062 605,219,707 CURRENT ASSETS: Inventories Receivables Taxation recoverable Cash and cash equivalents 71,274,544 72,992,313 2,789,071 296,979,198 62,647,618 94,384,765 2,925,461 192,764,774 17 18 19 444,035,126 352,722,618 1.066,358.188 957,942.325 EQUITY AND LIABILITIES EQUITY: Share capital Capital reserve Retained earnings 20 21 46,514,770 53,818,788 769,227,777 46,514,770 53,818,788 640,181,207 869,561,335 740,514,765 NON-CURRENT LIABILITIES: Deferred taxation Long term loans Lease líability 22 23 16 27,041,906 18,319,126 3,481,294 28,217,398 21,131,055 48,842,326 49,348.453 CURRENT LIABILITIES: Payables Taxation payable Current portion of long term loans Current portion of lease liability 24 129,920,088 12,676,799 2,811,929 2,545,711 150,644,481 14,776,814 2,657,812 22 16 147,954,527 168,079,107 1,066,358,188 957,942.325
Transcribed Image Text:30 SEPTEMBER 2020 Note 2020 2019 ASSETS NON-CURRENT ASSETS: Property, plant and equipment Investments Intangible assets Right-of-use assets 510,604,374 91,952,024 2,663,309 13 553,448,405 61,326,234 1,748,534 5,799,889 14 15 16 622,323,062 605,219,707 CURRENT ASSETS: Inventories Receivables Taxation recoverable Cash and cash equivalents 71,274,544 72,992,313 2,789,071 296,979,198 62,647,618 94,384,765 2,925,461 192,764,774 17 18 19 444,035,126 352,722,618 1.066,358.188 957,942.325 EQUITY AND LIABILITIES EQUITY: Share capital Capital reserve Retained earnings 20 21 46,514,770 53,818,788 769,227,777 46,514,770 53,818,788 640,181,207 869,561,335 740,514,765 NON-CURRENT LIABILITIES: Deferred taxation Long term loans Lease líability 22 23 16 27,041,906 18,319,126 3,481,294 28,217,398 21,131,055 48,842,326 49,348.453 CURRENT LIABILITIES: Payables Taxation payable Current portion of long term loans Current portion of lease liability 24 129,920,088 12,676,799 2,811,929 2,545,711 150,644,481 14,776,814 2,657,812 22 16 147,954,527 168,079,107 1,066,358,188 957,942.325
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