Question $3$: $(20$ marks$)$

Trucks Limited has a $30$ June year end and operates on a five day working week. The

conditions of employment at Trucks Limited stipulate that each employee is entitled to a $20$

paid working day vacation per annum. Truck Limited$$s employee profile and recent leave

statistics are as follows:

Per employee on average

Number of

employees at

given annual

salary

Annual salary Actual year

end unused

$2023$ vacation

days

Actual year

end vacation

days taken

Forecasted year

end $2025$

vacation days

taken

$10000$ R$30000109$ earned in

$2023$

$(5$ earned in

$2022)$

$12$ earned in

$2025$

$(3$ earned in

$2024)$

There have been no salary increases for the past two years and none is expected in the next

financial year.

No employee joined or left the company for the past two years.

Management has correctly forecasted the number of day$$s vacation to be taken in the

following year for a number of years.

Salaries were increased by $20\%$ on $01$ July $2024.$

Required:

a$)$ Calculate the leave pay provision $($if any$)$ as at $30$ June $2024(10)$

b$)$ Calculate the leave pay provision $($if any$)$ if the leave is accumulating but not vesting

as at $30$ June $2024.$

$(10)$