The following information is obtained from the books of Solar Incorporated, a company, on 31 December 2011:

 

Solar Ltd Abridged statement of profit or loss and other comprehensive income for the year ended 31 December 2011 N$ Gross profit Add: other income Interest on fix deposits Profit on sale of assets (vehicle) Dividend on listed stocks 60 000 8 250 3 000 1 000 4 250 (20 600) Less operating expenses: Bank charges Interest on bond Credit losses 3 500 7 500 800 8 500 300 Depreciation Other operating expenses Profit for the year 47 650 Solar Ltd Statement of financial position as at 31 December 2011 N$ 2011 2010 ASSETS Non-current assets Property, plant and equipment Listed shares at cost price Fixed deposit 153 500 17 000 130 000 15 000 13 000 5 000 Current assets Inventory Debtors (net after allowing for credit losses) Cash and cash equivalent 40 000 25 000 500 249 000 20 000 35 000 2 000 207 000 TOTAL ASSETS EQUITY AND LIABILITIES Equity