STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2019 2018 Assets R R Non-current assets (Fixed assets only) ? 782 090 Inventories 230 000 202 000 Accounts receivable ? 276 000 Cash and cash equivalents 116 000 124 090 Total assets ? 1 384 000 Equity and liabilities Equity ? 626 000 Non-current liabilities: Long-term loan from BT Bank ? 378 090 Accounts payable 108 000 100 000 Other current liabilities 366 000 280 000 Total equity and liabilities ? 1 384 000 Additional information: 1. Depreciation for the year ended 31 December 2019 amounted to R100 000. Non-current assets purchased during 2019 amounted to R132 000. No fixed assets were sold. 2. There were 200 000 ordinary shares in issue during 2019. There was no change to the share capital during 2019. Retained earnings for the year ended 31 December 2019 amount to R26 000. 3. An amount of R76 000, including R20 000 for interest, was paid to BT Bank during 2019. 4. The credit terms to debtors are 30 days