Assignment 2 AFE3692 2022 Question 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 Eenyanyu Limited Statement of Financial Position Equipment (carrying amount) Inventories Receivables Issued share capital Share premium Retained income Bank overdraft Payables 2020 N$000 2019 N$000 1 320 720 4 560 5 880 (1 320) 4 800 5 520 (5520) 4 560 4 560 2 760 2 340 3 084 2 598 10 404 9 498 2 124 3.240 13 644 (5 640) 8 004 11 622 (6420) 5 202 853 1 626 9 630 6 055 252 240 300 288 96 36 778 187 28% 28% 2020 N$000 2019 N$000 3 480 3 360 6 960 4 560 4 200 3 600 14 640 11 520 1 200 1 200 4 920 4 800 960 2 760 14 640 960 5 232 1920 2 208 11 520 16