5. Inventories Raw materials (380 000 x 60%) x 85%. Work in progress 6. Trade and other receivables Trade receivables Calculations: 1. 1.1 Cost price of right-of-use asset - motor vehicle Calculation of the interest rate implicit in the lease PV R1 005 000 (1 000 000 + 5 000) N 4 FV R400 000 [300 000 + (400 000 300 000)] PMT R246 367 i ? 11,9% II II III -2 Calculation of the cost price of the asset = = PV of lease liability + initial direct cost incurred by the lessee FV R150 000 ON 4 PMT R246 367 11,9% PV R845 550 (PV of lease liability) of asset R845 550 + R3 000 (direct cost) R848 550 VE 6. Omol am EST 588 = = Cost price of = 5. Inventories Raw materials (380 000 x 60%) x 85%. Work in progress 6. Trade and other receivables Trade receivables Calculations: 1. 1.1 Cost price of right-of-use asset - motor vehicle Calculation of the interest rate implicit in the lease PV R1 005 000 (1 000 000 + 5 000) N 4 FV R400 000 [300 000 + (400 000 300 000)] PMT R246 367 i ? 11,9% II II III -2 Calculation of the cost price of the asset = = PV of lease liability + initial direct cost incurred by the lessee FV R150 000 ON 4 PMT R246 367 11,9% PV R845 550 (PV of lease liability) of asset R845 550 + R3 000 (direct cost) R848 550 VE 6. Omol am EST 588 = = Cost price of =