The following information relates to the Samson Ltd for the year ended 31 December 2023: 1....

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The following information relates to the Samson Ltd for the year ended 31 December 2023: 1. Consolidated revenue amounted to R2,311,200 for the year. The costs to deliver these goods to clients amounted to R22,100. There is no credit risk associated with the customers of Samson Ltd. 2. Inventories consisted of the following records on 31 December 2022 and 31 December 2023: 1. 31 December 31 December 2023 2022 R R Raw materials Consumables Work-in-progress 23,000 21,500 5,000 4,200 35,600 28,900 Finished goods 31,200 25,600 94,800 80,200 Raw materials amounting to R920,200 and consumables amounting to R18,900 were purchased during the year. 2. The following salaries were paid during 2023: Factory Sales Admin 3. 4. Stationery amounting to R11,000 was used by the admin workers during 2023 and advertising costs amounted to R14,800. Depreciation provided for 2023 is as follows: Plant Delivery vehicles Office buildings 5. 6. 7. 8. During the 2023 financial year, dividends amounting to R7,000 were received on unlisted investments, while share of profit from associates amounted to R150,000. Interest paid on the bank overdraft amounted to R33,300 for 2023. Samson Ltd was paid R500 per month for the use of its branding and logo for six months during 2023. Donations amounting to R6,000 were made to various charities during the 2023 year. These donations do not qualify for a tax deduction. 9. The non-controlling shareholders' interests in the subsidiaries' profit for the 2023-year amount to R45,100. 10. The normal income tax rate is 27%. Required: 2.1 Prepare the consolidated statement of profit or loss and other comprehensive income of Samson Ltd for the year ended 31 December 2023. R 67,800 84,200 93,800 R 54,300 26,700 8,200 The following information relates to the Samson Ltd for the year ended 31 December 2023: 1. Consolidated revenue amounted to R2,311,200 for the year. The costs to deliver these goods to clients amounted to R22,100. There is no credit risk associated with the customers of Samson Ltd. 2. Inventories consisted of the following records on 31 December 2022 and 31 December 2023: 1. 31 December 31 December 2023 2022 R R Raw materials Consumables Work-in-progress 23,000 21,500 5,000 4,200 35,600 28,900 Finished goods 31,200 25,600 94,800 80,200 Raw materials amounting to R920,200 and consumables amounting to R18,900 were purchased during the year. 2. The following salaries were paid during 2023: Factory Sales Admin 3. 4. Stationery amounting to R11,000 was used by the admin workers during 2023 and advertising costs amounted to R14,800. Depreciation provided for 2023 is as follows: Plant Delivery vehicles Office buildings 5. 6. 7. 8. During the 2023 financial year, dividends amounting to R7,000 were received on unlisted investments, while share of profit from associates amounted to R150,000. Interest paid on the bank overdraft amounted to R33,300 for 2023. Samson Ltd was paid R500 per month for the use of its branding and logo for six months during 2023. Donations amounting to R6,000 were made to various charities during the 2023 year. These donations do not qualify for a tax deduction. 9. The non-controlling shareholders' interests in the subsidiaries' profit for the 2023-year amount to R45,100. 10. The normal income tax rate is 27%. Required: 2.1 Prepare the consolidated statement of profit or loss and other comprehensive income of Samson Ltd for the year ended 31 December 2023. R 67,800 84,200 93,800 R 54,300 26,700 8,200

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Certainly To prepare the consolidated statement of profit or loss and other comprehensive income of Samson Ltd for the year ended 31 December 2023 well need to calculate various elements such as reven... View the full answer