Answer the following questions:

$1\mathrm{.}1$ Explain the change that possibly took place during $2022$ in respect of:

$1\mathrm{.}1\mathrm{.}1$ Long$-$term borrowings

$1\mathrm{.}1\mathrm{.}2$ Property, plant and equipment.

$1\mathrm{.}2$ Calculate the administrative expenses for $2022.$

$1\mathrm{.}3$ Was there a change to the company tax rate of AAA Ltd during $2022?$ Explain.

$1\mathrm{.}4$ Critically assess the performance of the company from the information provided without making use of any ratios.

$1\mathrm{.}5$ Recommend FOUR $(4)$ ways in which the company can improve its profitability.INFORMATION

The Statement of Comprehensive Income and simplified extract of the Statement of Changes in

Equity for AAA Ltd are provided below:

ADDITIONAL INFORMATION

Depreciation for the year amounted to:

Year $2022$: R$720000$

Year $2021$: R$1080000.$

Company tax is calculated as a percentage of the pre$-$tax profit.