Tatiana Singh Limited, a well

$-$

established company, provides a range of products and

services in the consumer electronics industry. The manager, Andile Mkhize, requested

for a report of the financial performance of the company at year end. The following are

the balances taken from the records of Tatiana Singh Limited for the year ended

$3$

$1$

December

$2$

$0$

$2$

$2$

$.$

ADDITIONAL INFORMATION:

Dividends of R

$2$

$5$

$5$

$0$

$0$

$$were declared on the

$2$

$9$

$$December

$2$

$0$

$2$

$2$

$.$

$$These had not

been paid as at

$3$

$1$

$$December

$2$

$0$

$2$

$2$

$.$

Share capital constitutes

$2$

$4$

$0$

$0$

$0$

$0$

$$ordinary shares issued at R

$1$

$$each$.$

$4$

$0$

$0$

$0$

$0$

shares were issued at R

$1$

$$on the first day of the year.

Rent income received in advance at

$3$

$1$

$$December

$2$

$0$

$2$

$2$

$$is R

$8$

$5$

$0$

$0$

$.$

Telephone expenses prepaid at

$3$

$1$

$$December

$2$

$0$

$2$

$2$

$$is R

$5$

$5$

$0$

$0$

$.$

$$Telephone

expenses are included in 'other expenses'.

Accumulated depreciation on vehicles at

$3$

$1$

$$December

$2$

$0$

$2$

$1$

$$was R

$3$

$5$

$0$

$0$

$0$

$.$

There have been neither purchases nor sales of vehicles during the year.

Other expenses include the auditor's remuneration of R

$2$

$3$

$0$

$0$

$0$

$,$

$$director$\text{'}$s fees

of R

$4$

$5$

$0$

$0$

$0$

$,$

$$depreciation on machinery of R

$3$

$6$

$5$

$0$

$0$

$,$

$$depreciation on buildings

of R

$2$

$1$

$0$

$0$

$0$

$,$

$$loss on sale of assets of R

$1$

$5$

$5$

$0$

$0$

$.$

Required:

a

$.$

$$Prepare the Statement of Comprehensive Income for the year ended

$3$

$1$

December

$2$

$0$

$2$

$2$

$.$

b

$.$

$$Prepare the Statement of Changes in Equity for the year ended

$3$

$1$

$$December

$2$

$0$

$2$

$2$

c

$.$

$$Prepare the following notes to the financial statements:

Profit before taxation

Finance costs

Taxation

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