STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2022 Balance on 31 December 2021 Profit for the year Dividends Balance on 31 December 2022 R 5 220 000 1 514 898 (684 000) 6 050 898 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: Sales Cost of sales Gross profit 2022 2021 R R 16 200 000 14 400 000 (7 020 000) (6 120 000) Other operating income Distribution expenses Administrative expenses Operating profit Finance income Finance expenses Profit before tax Company tax Profit after tax 9 180 000 540 000 (5 400 000) ? 2 160 000 19 800 (15 660) 2 164 140 (649 242) 1 514 898 8 280 000 504 000 (4 860 000) ? 1 944 000 9 720 (31 680) 1 922 040 (576 612) 1 345 428