? Roundworm Group Ltd

Consolidated statement of financial position as at $31$ ?December $20\mathrm{.}21$ ?and $20\mathrm{.}22($Extract$)$

$\backslash$table$[[,20\mathrm{.}22,20\mathrm{.}21],[$ASSETS$,$R$,$R$],[$Non$-$Current Assets$],[-$ ?Property, plant and equipment,$240000000,280000000],[-$ ?Investments in associates,$80000000,70000000],[-$ ?Goodwill,$25000000,19000000],[345000000,369000000],[$Current Assets$],[-$ ?Inventory,$105000000,90000000],[-$ ?Receivables,$120000000,100000000],[-$ ?Cash and cash equivalents,$30000000,75000000],[255000000,265000000],[$TOTAL ASSETS,$600000000,634000000],[$EQUITY AND LIABILITIES$],[$Equity$],[-$ ?Share capital,$100000000,100000000],[-$ ?Retained earnings,$194000000,142000000],[-$ ?Revaluation reserve,$103000000,90000000],[-$ ?Non$-$controlling reserve,$72000000,40000000],[$Total Equity,$469000000,372000000],[$Non$-$current Liabilities$],[-12\%$ ?debentures,,$90000000],[-$ ?Deferred taxation,$30000000,24000000],[$Total Non$-$current Liabilities,$30000000,114000000],[$Current Liabilities$],[-$ ?Trade payables,$65000000,55000000],[-$ ?Taxation,$10000000,8000000],[-$ ?Bank overdraft,$26000000,85000000],[$Total Current Liabilities,$101000000,148000000],[$Total Liabilities,$131000000,262000000],[$TOTAL EQUITY AND LIABILITIES,$600000000,634000000]]$ ?Additional information:

Acquisition of subsidiary

During the year ended $31$ ?December $20\mathrm{.}22,$ ?Roundworm purchased $80\%$ ?of the issued equity

share capital of Chong Ltd for R$100000000,$ ?payable in cash. The net assets of Chong at the

date of acquisition were assessed at fair value as follows:

It is group policy to measure NCI at the proportionate share of the fair value of net assets

at acquisition.

Goodwill

Goodwill suffered an impairment during the year.

Property, plant and equipment

The only disposal in the year was of land with a carrying value of R$90$ ?million. The

profit on disposal of R$10$m is included within operating expenses. Depreciation of

R$58$m was charged on PPE in the year. REQUIRED: QUESTION $2$ ?QUESTION $2(39$ ?marks$)$

Roundworm Ltd is a group of companies with a $31$ ?December year$-$end. The Roundworm group financial

statements for the years $20\mathrm{.}21$ ?and $20\mathrm{.}22$ ?are given below:

Roundworm Group Ltd

Consolidated statement of comprehensive income for the year ended $31$ ?December $20\mathrm{.}22$

$($Extract$)$