Question
Im unble to paste the full question, please help. Hunter Limited Statement of changes in equity for the year ended 31 December 201 9 Ordinary
Im unble to paste the full question, please help.
Hunter Limited
Statement of changes in equity for the year ended 31 December 2019
Ordinary Share capital | Retained earnings | Preference share capital | Total | |
Balance at 1 January 2018 | 120 000 | 12 000 | 60 000 | 192 000 |
Total comprehensive income | - | 48 300 | - | 48 300 |
Preference dividends paid | - | (6 000) | - | (6 000) |
Ordinary dividends declared | - | (24 000) | - | (24 000) |
Balance at 31 December 2018 | 120 000 | 30 300 | 60 000 | 210 300 |
Total comprehensive income | - | 47 600 | - | 47 600 |
Preference dividends paid | - | (6 000) | - | (6 000) |
Ordinary dividends declared | - | (15 000) | - | (15 000) |
Balance at 31 December 2019 | 120 000 | 56 900 | 60 000 | 236 900 |
Hunter Limited
Statement of financial position as at 31 December 2019
R R
Note | 2019 | 2018 | ||
Non-current assets | 258 000 | 264 000 | ||
Property, plant and equipment | 1 | 258 000 | 264 000 | |
Current assets | 257 000 | 111 000 | ||
Inventory | 72 000 | 42 000 | ||
Trade Debtors | 182 000 | 60 000 | ||
Bank | 3 000 | 9 000 | ||
515 000 | 375 000 | |||
Equity | 236 900 | 210 300 | ||
Share capital | 2 | 120 000 | 120 000 | |
Retained earnings | 56 900 | 30 300 | ||
Preference share capital | 2 | 60 000 | 60 000 | |
Non-current liabilities | 60 000 | 60 000 | ||
5 % Debentures | 60 000 | 60 000 | ||
Current liabilities | 218 100 | 104 700 | ||
Trade Creditors | 182 700 | 60 000 | ||
Taxation payable | 20 400 | 20 700 | ||
Shareholders for dividends | 15 000 | 24 000 | ||
515 000 | 375 000 |
Additional Information and Notes:
- All purchases and sales are made on credit terms.
- Trade debtors at 31 December 2017 amounted to R140 000.
Required:
Using the information provided above evaluate the companys performance and position using financial ratio analysis.
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