Based on the information provided in the statement of financial position: 1.1 By how much did property, plant and equipment (PPE) change in 2015? 1.2 How much depreciation is attributable to 2015? 1.3 What is the change in inventories? 1.4 What is the change in trade receivables? 1.5 Obligations to suppliers changed by how much?

QUESTION 1 (10 MARKS) Study the ensuing financial statement and answer the questions that follow. Statement of financial position Assets Property, plant and equipment (PPE) at cost price 2015 2014 130 000 150 000 (50 000) 100 000 (45 000) 85 000 Accumulated depreciation PPE at carrying value Share investments Non-current assets 20 000 15 000 100 000 Inventories 6 500 120 000 10 000 14 000 15 400 15 500 Trade receivables Cash and cash equivalents 7 000 600 Prepayments Current assets 1 000 30 000 40 000 Total assets 160 000 130 000 Equity and liabilities Share capital 45 000 Reserves 6 000 22 000 40 000 6 000 14 000 60 000 73 000 15 000 10 000 Retained earnings Ordinary shareholders' equity Preference shares Shareholders' equity Total equity Long-term debt 88 000 70 000 88 000 70 000 49 000 40 000 balina EXAMINER MODERATOR Page 2 of 7 Faculty of Management Sciences Department - Business Support Studies: Project Management Central University of Technology, Free State Deferred tax liability Non-current liabilities 3 000 43 000 5 000 54 000 6 000 2 200 8 000 Trade payables Tax payable Dividends payable 2 400 2 800 1 600 Bank overdraft 7 000 5 000 Current liabilities 18 000 17 000 Total equity and liabilities 160 000 130 000