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Statement of financial position as at 31 August 2022 Assets Non-current assets Property, Plant and Note 1 Equipment Current assets Cash and cash equivalents
Statement of financial position as at 31 August 2022 Assets Non-current assets Property, Plant and Note 1 Equipment Current assets Cash and cash equivalents Equity Shareholders capital Retained earnings Liabilities Non-current liabilities 3 450 000 350 000 1 500 000 250 000 Loan from Standard Bank 1 500 000 Current liabilities Short-term credit facility Note 2 550 000 Note 1 Property, Plant, and Equipment comprises of the hardware relating to the mining rigs use by Crypto. The average age of the hardware is 2 years old and has an estimated useful life of 6 years. Note 2 The short-term credit facility has been negotiated by management to bridge any financing needs. This facility attracts interest at Prime + 2%.
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