1 (20 Marks) Below are the summarized financial statements of Eenyanyu Limited, a construction company based in Oshakati in the northern part of Namibia for the years ended 30 July 2019 and 2020. Eenyanyu Limited Statement of Profit and Loss and other Comprehensive Income Opening inventories: Materials Purchases Closing inventories: Materials Material consumed Labour Overheads Total Cost of Production Opening finished product Closing finished products Cost of sales Gross profit Sales Administrative costs Selling costs Interest on bank overdraft Profit after tax Tax rate 2020 2019 N$000 N$000 1320 720 4560 4 800 5 880 5520 (1 320) (5520) 4 560 4560 2760 2340 3 084 2598 10 404 3 240 13644 (5 640) 8 004 1626 9 498 2124 11622 (6420) 5 202 853 9630 6.055 252 240 300 288 96 36 778 187 28% 28% Eenyanyu Limited Statement of Financial Position 00082 Equipment (carrying amount) Inventories Receivables Issued share capital Share premium Retained income Bank overdraft Payables 2020 N$000 3480 2019 N$000 3 360 6 960 4 200 14 640 1200 960 4920 4560 3 600 11520 1200 960 5232 4 800 1920 2760 2 208 14640 11 520 SOS SAS Insmi Marks 15 5 Calculate the profitability ratios for 2019 and 2020 for Eenyanyu Ltd. Critically evaluate the management efficiency and performance of Eenyanyu Ltd for the years 2019 and 2020. REQUIRED: 1.1 1.2 Total 20 20