Q1.4 Please assist

4 Is the company in good financial health? Motivate your answer by referring to at least SIX (6) items on the statement. Ratios are not required. INFORMATION Lomax Ltd commenced operations at the start of 2020 manufacturing only standard-sized bricks for the building industry. It's financial position at the end of 2020 and 2021 is evident in the statements provided below: \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|l|}{ LOMAX LTD } \\ \hline STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: & 2021 & 2020 \\ \hline & R & R \\ \hline ASSETS & & \\ \hline Non-current assets & & \\ \hline Property, plant and equipment (Cost) & & \\ \hline Accumulated depreciation & & \\ \hline Carrying value & & \\ \hline \end{tabular} 1. There was no significant change in the sales figures over the two year period. 2. R240 000 of the long-term loan is expected to be repaid during 2022