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 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 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
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
Related questions
Question
Required:
a)Analyseand evaluatethe financial performance over the twoyear period by using
appropriate ratios: Liquidity, Profitability, Efficiency, and Investment.
b)Based on findings in (a), providerecommendations how the firm can improve its financial
position.
Transcribed Image Text: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
Transcribed Image Text: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
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