Below are the latest annual financial statements as at 31 March 2023: Additional information: - The ordinary shares have a par value of R1.70 per share. The company recently paid a dividend or R3.48 per share. The dividend is expected to grow by 6% into the foreseeable future. Ordinary shareholders of Otto require a return of 17%. - Preference shares have a par value of R100 per share. The shares are currently trading at R130 per share. - The 10% bonds are redeemable in 6 years at par. Coupon payments are made annually. The current yield to maturity on the bonds is 7.87%. - Company tax rate is 27%