Background information Fantasy World (Pty) Ltd (Fantasy World) is a company importing arcade game machines from China and supplying them to the public businesses such as restaurants and amusement arcades. An extract from Fantasy World's financial statements for the year ended 31 December 2020 are presented below. Statement of comprehensive income for the year ended 31 December 2020 2020 R'000 2019 R'000 Turnover Profit before taxation 21 000 8 500 19 500 7 000 Statement of financial position at 31 December 2020 2020 R'000 2019 R'000 Property, Plant and Equipment (note 1) Investments Inventory (note 2) Trade receivables Cash and cash equivalents 8 732 4 982 3 812 3 765 1 563 7 623 7 256 4 103 3 547 2 367 Third party liabilities 12 100 10 400 Note 1: Property. Plant and Equipment consists of the factory building as well as two (2) delivery trucks Note 2: Inventory at year end consists of fully assembled arcade game machines in the store facility located outside the factory building. Fantasy World has six (6) shareholders, of which one shareholder is also the chief executive officer (CEO). Fantasy World employed an average of 120 employees throughout the year ended 31 December 2020, which includes the executive directors. The financial manager, Mo Jones, prepares the financial statements for the company annually. Nkwana Auditors Inc was recently appointed as the auditors of Fantasy World. Nkwana Auditors Inc is an auditor firm, with two audit partners being directors and shareholders and both are registered auditors with the Independent Regulatory Board for Auditors (IRBA). Background information Fantasy World (Pty) Ltd (Fantasy World) is a company importing arcade game machines from China and supplying them to the public businesses such as restaurants and amusement arcades. An extract from Fantasy World's financial statements for the year ended 31 December 2020 are presented below. Statement of comprehensive income for the year ended 31 December 2020 2020 R'000 2019 R'000 Turnover Profit before taxation 21 000 8 500 19 500 7 000 Statement of financial position at 31 December 2020 2020 R'000 2019 R'000 Property, Plant and Equipment (note 1) Investments Inventory (note 2) Trade receivables Cash and cash equivalents 8 732 4 982 3 812 3 765 1 563 7 623 7 256 4 103 3 547 2 367 Third party liabilities 12 100 10 400 Note 1: Property. Plant and Equipment consists of the factory building as well as two (2) delivery trucks Note 2: Inventory at year end consists of fully assembled arcade game machines in the store facility located outside the factory building. Fantasy World has six (6) shareholders, of which one shareholder is also the chief executive officer (CEO). Fantasy World employed an average of 120 employees throughout the year ended 31 December 2020, which includes the executive directors. The financial manager, Mo Jones, prepares the financial statements for the company annually. Nkwana Auditors Inc was recently appointed as the auditors of Fantasy World. Nkwana Auditors Inc is an auditor firm, with two audit partners being directors and shareholders and both are registered auditors with the Independent Regulatory Board for Auditors (IRBA)