$**$Statement of Financial Position for Neo Ltd for the year ended $30$ June $2017**$

$|$ Line Item $|$ Amount $($R$\text{'}000)|$

$|---|---|$

$|$ Non$-$current assets $||$

$|$ Property, plant and equipment $||$

$|$ Land and buildings $|70,000|$

$|$ Less: Accumulated depreciation $-$ Buildings $|(5,060+460)|$

$|$ Plant and machinery $|21,000|$

$|$ Less: Accumulated depreciation $-$ Plant and machinery $|(8,900+1,210)|$

$|$ Investment property $|3,450|$

$|$ Current assets $||$

$|$ Inventories $|7,765|$

$|$ Trade and other receivables $($Debtors control $-$ Bad debts $+$ Allowance for doubtful debts$)|(9,763-63+195)|$

$|$ Cash and cash equivalents $($Bank$)|3,349|$

$|$ Total Assets $||$

$|$ Equity and Liabilities $||$

$|$ Equity $||$

$|$ Share capital $|20,000|$

$|$ Share premium $|9,000|$

$|$ Revaluation reserve $(1,800+8,000)||$

$|$ Retained earnings $(24,947+22,860-870)||$

$|$ Non$-$current liabilities $||$

$|$ Interest$-$bearing borrowings $($Loan account$)|18,900|$

$|$ Deferred tax liability $|12,000|$

$|$ Current liabilities $||$

$|$ Trade and other payables $($Creditors control$)|6,628|$

$|$ Tax payable $|88|$

$|$ Total Equity and Liabilities $||$

$**$Statement of Changes in Equity for Neo Ltd for the year ended $30$ June $2017**$

$|$ Line Item $|$ Amount $($R$\text{'}000)|$

$|---|---|$

$|$ Opening balance $||$

$|$ Share capital $|20,000|$

$|$ Share premium $|9,000|$

$|$ Revaluation reserve $|1,800|$

$|$ Retained earnings $|24,947|$

$|$ Changes during the year $||$

$|$ Profit for the year $($after taxation$)|22,860|$

$|$ Gain from changes in fair value $($Land revaluation$)|8,000|$

$|$ Dividends paid $|(870)|$

$|$ Closing balance $||$

$|$ Share capital $|20,000|$

$|$ Share premium $|9,000|$

$|$ Revaluation reserve $|(1,800+8,000)|$

$|$ Retained earnings $|(24,947+22,860-870)|$