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Answer the required please The consolidated Statement of Comprehensive Income and Statement of Financial Position of the Ikhwezi group for the year ending 30 September,
Answer the required please
The consolidated Statement of Comprehensive Income and Statement of Financial Position of the Ikhwezi group for the year ending 30 September, 20.8 are given in Annexure B. Required: Using ratio analysis, calculate and comment on the group's debt management (2 ratios) and profitability (3 ratios). ANNEXURE B 20.8 20.7 Statement of Comprehensive Income For the year ended 30 September 20.8 Continuing operations Sales revenue R R 2 526 300 000 2066 900 000 Profit (earnings) before interest and tax Finance costs 310 900 000 21 300 000 289 600 000 8700 000 242 200 000 18 500 000 223 700 000 7 700 000 100 000 231 500 000 86 900 000 144 600 000 0 298 300 000 109 500 000 188 800 000 Income from investments Share of profits of associates Profit before tax Income tax expense Profit for the year from continuing operations Discontinued operations Loss from discontinued operations Profit for the year Other comprehensive income Total comprehensive income for the year 48 600 000 140 200 000 0.0 144 600 000 140 200 000 144 600 000 Total comprehensive income attributable to: Owners of the company Non-controlling interests Preference shareholders 104 700 000 35 400 000 100 000 140 200 000 109 900 000 34 600 000 100 000 144 600 000 ANNEXURE B 20.8 20.7 Statement of Financial Position as at 30 September 20.8 ASSETS Non-current Assets Property, plant & equipement Investments 683 100 000 4 100 000 687 200 000 594 200 000 4 600 000 598 800 000 Current Assets Inventories Receivables Holding and fellow subsidiaries Cash assets Total Current Assets 489 600 000 361 300 000 13 900 000 16 900 000 881 700 000 381 300 000 278 000 000 6 300 000 60 500 000 726 100 000 Total Assets 1 568 900 000 1 324 900 000 EQUITY AND LIABILITIES Share Capital and Reserves Share Capital Retained earnings Preference Shares 2 Minority interest Total Equity 271 700 000 341 700 000 613 400 000 1 000 000 37 300 000 651 700 000 202 900 000 296 700 000 499 600 000 1 000 000 184 800 000 685 400 000 Non-current Liabilities Long-term borrowings Deffered tax Total non-current liabilities 163 300 000 99 500 000 262 800 000 83 200 000 101 700 000 184 900 000 Current Liabilities Trade and other payables Shareholders for dividends Current tax payable Holding and fellow subsidiaries Short-term borrowings Total current liabilities 427 700 000 37 000 000 91 900 000 11 500 000 86 300 000 654 400 000 315 800 000 25 200 000 75 900 000 1 700 000 37 000 000 455 600 000 Total Equity and Liabilites 1 568 900 000 1 325 900 000 The company's authorised ordinary share captial comprises 10 million ordinary shares, of which 7 million shares have been issued. The market performance for the is as follows; The preference shares are redeemable on 1 September, 20.19Step by Step Solution
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