Langa Limited, with no expenses and no other income other than rent income received the following cash over two years:

Received in 2015: rent income of R10 000 in respect of 2016 Received in 2016: rent income of R10 000 in respect of 2016 Tax rate for Langa Limited’s bracket is constant at 30% over both years.

Required:

3.1 Calculate the profit before tax, as it would appear in the statement of comprehensive income.

3.2 Calculate the taxable profit and current taxation for 2015 and 2016.