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Suppose you have the following financial statements: BALANCE SHEET (R millions) 2018 2019 2020 2021 ASSETS Cash & ShortTerm Investments 6 179 5 245 4

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Suppose you have the following financial statements:

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BALANCE SHEET (R millions) 2018 2019 2020 2021 ASSETS Cash & ShortTerm Investments 6 179 5 245 4 663 8 787 Net Receivables 3 677 3 498 4 272 2 749 Inventories 5 055 5 261 5 622 7 367 Prepaid Assets 1 150 1 130 1 968 1 653 Total Current Assets 16 061 15 134 16 525 20 556 Gross Plant, Property & Equipment 7 958 8 891 9 469 12 758 Accumulated Depreciation 3 969 4 437 4 725 4 795 Net Plant, Property & Equipment 3 989 4 454 4 744 7 963 Intangibles 422 439 437 497 Other Assets 2 787 2 509 2 011 2 326 TOTAL ASSETS 23 259 22 536 23 717 31 342 LIABILITIES Long Term Debt Due in One Year 331 342 15 696 Accounts Payable 2 048 2 279 2 612 2 248 Taxes Payable 280 374 463 358 Accrued Expenses 1 080 1 196 1 215 1 038 Other Current Liabilities 1 735 1 849 3 561 3 944 Total Current Liabilities 5 474 6 040 7 866 8 284 Long Term Debt 3 471 3 468 3 464 12 319 Deferred Liabilities 1 907 3 216 3 347 2 684 TOTAL LIABILITIES 10 852 12 724 14 677 23 287 \fINCOME STATEMENT (R millions, except per share) 2018 2019 2020 2021 Sales 34 350 36 397 39 117 37 403 Cost of Goods Sold 19 038 20 441 21 643 21 162 Gross Prot 15 312 15 956 17 474 16 241 Selling, General, Administrative Exp. 10 5.63 11 51 1 12 702 13 126 Operating Prot 4 749 4 445 4 772 3 115 Interest Expense 59 54 49 89 Other Expense -196 66 -78 139 Pre-tax Income 4 886 4 325 4 801 2 887 Provision for Taxes 646 2 392 772 348 Net Income 4 240 1 933 4 029 2 539 Additional Paid in Capital 8 638 6 384 7 163 8 299 Retained Earnings 3 979 3 517 1 643 -191 Other Gains -213 -92 231 -56 TOTAL EQUITY 12 407 9 812 9 040 8 055 TOTAL LIABILITIES & EQUITY 23 259 22 536 23 717 31 342 Common Shares Outstanding 1 643 1 601 1 568 1 558

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