THREE [25] The annual financial statements of Bongo (Pty) Ltd are in the final stages of completion for the year ended 30 June 2023. The following information was extracted to prepare the statement of cash flows for the current financial year. Bongo (Pty ) Ltd Statement of financial position as at 30 June 2023 (with comparative values for 30 June 2022): ASSETS 30 June 2023 R 30 June 2022 R Equipment at carrying amount Inventory Trade receivables Bank 636 000 48 000 22 800 202 800 324 000 45 600 27 600 120 000 Total Assets 909 600 517 200 EQUITY AND LIABILITIES Equity 636 000 348 000 Ordinary