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REQUIRED: Study the information provided below and answer the following question 1.1) Comment on FIVE (5) significant changes that occurred in the company's financial
REQUIRED: Study the information provided below and answer the following question 1.1) Comment on FIVE (5) significant changes that occurred in the company's financial position during 2022. AMC Limited Statement of Financial Position as at 31 December 2022 2021 R R ASSETS Non-current assets R18 200 000 R20 800 000 Property, plant and equipment (Cost) R10 200 000 R10 200 000 Accumulated depreciation {2000000} {1400000} Carrying value R8 200 000 Investments Current assets Inventories Accounts receivable Cash R10 000 000 R7 000 000 R400 000 R5 800 000 R8 800 000 R12 000 000 R4 890 000 R100 000 R4 000 000 R790 000 R25 690 000 R800 000 R25 200 000 EQUITY AND LIABILITIES Equity R12 000 000 R20 290 000 Ordinary share capital R3 000 000 R2 400 000 Retained earnings R9 000 000 R17 890 000 Non-current liabilities R10 000 000 R3 400 000 Long-term loan R10 000 000 R3 400 000 Current liabilities Accounts payable R3 200 000 R2 000 000 R3 200 000 R25 200 000 R2 000 000 R25 690 000
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