Financial Reporting and Analysis

Additional information

The provision for bad debts must be increased by $R1840.$

Trading inventory according to stocktaking on $30$ June $20\mathrm{.}15$ amounted to $R96000.$

Capital repayments totalling R$24000$ are payable on the unsecured loan from Mac Bank in the next financial year.

Depreciation must be provided for as follows:

on vehicles at $20\%$ on cost

on equipment at $28\%$ on cost

A dividend of $20\%$ of the investment value has been declared by Vac $($Pty$)$ Ltd$.$ The dividend has not yet been received.

The authorised share capital consists of $500000$ ordinary shares.

Note: On $01$ July $20\mathrm{.}14,$ the company increased the ordinary share capital by issuing $100000$ shares at R$1$ each.

A non$-$distributable asset replacement reserve of $R100000$ must be created.

Debentures consist of $2000013\%$ debentures of R$10$ each, issued on $01$ July $20\mathrm{.}13$ and redeemable on $30$ June $20\mathrm{.}18.$ The debentures are secured by a first mortgage bond over land. Provision must be made for the current year's interest.

The company tax for the year amounted to R$62400.$

The directors declared a final dividend of $8$ cents per share.