COM FINANCIAL MANAGEMENT YEAR 1 39 ECT 2: FINANCIAL MANAGEMENT 1A DUE DATE: 13 MAY 2019 QUESTION 1 the following information into account to prepare TED as at 31 August 2019. BUDGETS (25) the Pro-forma Statement of Financial Position of TIKO NFORMATION: The percentage of sales method must be used for Inventories, Trade and other Receivables, a and other Payables NB: The sales for the year ended 31 August 2018 was R2 500 000. The expected sales for the year ending 31August 2019 is 83 000000 A vehicle costing R300 000 is expected to be purchased during July 2019. B. e total depreciation for the year ended 31 August 2019 on the relevant fixed assets is expected to amount to R500 000. c. Th An additional 172 000 shares will be issued at R10 per share during January 2019. D. An interim dividend of R200 000 will be paid and a final dividend of R280 000 is expected to be proposed during the year ending 31 August 019. E. F. R500 000 of the existing loan will be repaid during the year ending 31 August 2019 G. The expected Profit after Tax for the year ending 31 August 2019 is R972 000. H. The Cash and Cash Equivalent must be determined (balancing figure). L. Previous years statement of financial position. TIKO LIMITED. Statement of Financial Position as at 31 August 2018. ASSETS: Non-Current Assets 2 800 000 2 800 000 nil Fixed Assets Veu cie Financial Assets Current Assets 2 878 000 1 500000 875 000 503 000 Inventories Trade and other Receivables Cash and Cash Equivalents 5 678 000 EQUITY AND LIABILITIES Shareholders Equity 2 228 000 1 700 000 528 000 Ordinary Share Capital Retained Earnings 2 500 000 Non-Current Liabilities 2 500 000 Mortgage loan: R. Bank 950 000 Current Liabilities 950 000 790 000 2S00 00 Trade and other Payables 5 678 000