(40 marks) The following group draft financial statements relate to Malumo public limited company: Draft a group statements of financial position at 31 October 2020 2019 ASSETS Non-current assets Property plant and equipment Goodwill Investment in associate (NS000) (N5000) 5170 4110 120 130 60 5350 4 240 Current assets Inventories 2650 2300 Trade receivables 2400 1500 Cash and cash equivalent 140 300 5190 4 100 Total assets 10 540 8.340 EQUITY AND LIABILITIES Share capital 20201 2019 (N5000) (N5000) 400 370 Other reserves 120 80 Retained earnings 1250 1100 1770 1550 Non-controlling interest 200 180 Total equity 1970 1730 Non-current liabilities Long term borrowings Deferred taxation Total non-current liabilities Current liabilities 3100 2 700 300 400 3 500 3000 Trade payables Interest payable Current tax payable Total current liabilities Total liabilities Total equity and abilities 4700 2800 70 40 300 770 5070 3610 8.570 6610 10 540 8 340 Draft statement of changes in equity of the parent for the year ended 31 October 2019 Share capital Other reserves Retained earnings Total NS 000 Balance at 31/10/2018 NS 000 370 NS 000 80 NS 000 Profit for the year 1100 200 1550 200 Dividends (50) (50) Issue of share capital 30 30 60 Share option issued 10 10 Balance at 31 October 2019 400 120 1250 1770