QUESTION 1 (20 Marks) REQUIRED

Study the information provided below and answer the following questions.

1.1 Were there any additions to or disposals of property, plant and equipment during the financial year ended 31 December 2022? Motivate your answer. (3 marks)

1.2 Comment on the decrease in retained earnings. (3 marks)

1.3 Comment on FIVE (5) other significant changes that occurred in the companys financial position during 2022. (10 marks)

1.4 Apart from the Statement of Financial Position and ratio analysis, what other financial information should be considered when commenting on the financial health of the company? (4 marks)

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