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QUESTION THREE [ 3 0 ] Statement of comprehensive income statement of Eland ( pty ) ltd for the year ended 3 1 October 2

QUESTION THREE [30]
Statement of comprehensive income statement of Eland (pty) ltd for the year ended 31
October 2023.
Sales 75000
Directors renumeration (12000)
Auditors fees (2000)
Depreciation (4500)
Operating profit 56500
Interest expense (7000)
Net profit before tax 49500
Taxation (22800)
Net profit after taxation 26700
4
Statement of financial position of Eland (pty) ltd as at 31 October 2023.
20222023
Noncurrent Assets 66250141250
PPE 66250141250
Current Assets 5000057500
Inventory 2080018000
Accounts receivables 1570020000
Cash and cash equivalents 1350019500
Total Assets 116250198750
Equity and Liabilities
Equity 59000111700
Ordinary share capital 5000090000
share premium 400010000
Retained income 500011700
Noncurrent liabilities 3000050000
Loan 3000050000
Current liabilities 2725037050
Accounts payable 1565021750
Taxation 8501800
Dividends 950012000
Interest payable 12501500
Total Equity and liabilities 116250198750
Notes to the financial statements.
20222023
Land and buildings 4250075000
Machinery at cost 4375090750
Accumulated depreciation (20000)(24500)
20222023
Cash and cash equivalents 1350019500
2023
Retained profit at the beginning of the year 5000
Net profit for the year 26700
Dividends paid and declared (20000)
Retained profit at the end of the year 11700

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