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What is the inventory for Voest ltd for the 2020 and 2021 financial years? Please assist with calculations. Extracts from the income statement for the
What is the inventory for Voest ltd for the 2020 and 2021 financial years? Please assist with calculations.
| Extracts from the income statement for the year ended 31 December 2021 | 2021 | 2020 |
| 2021 2020 | ||
| R R | ||
| Sales | 248 230 000 | 241 000 000 |
| Cost of sales | -157 580 000 | -144 400 000 |
| Gross Profit | 90 650 000 | 96 600 000 |
| Bad Debts | -5 100 000 | -4 500 000 |
| Depreciation | -19 800 000 | -20 100 000 |
| Research and development | -10 200 000 | -11 100 000 |
| Other operating costs | -28 750 000 | -26 700 000 |
| Operating profit | 26 800 000 | 34 200 000 |
| Finance charges | -12 750 000 | -10 800 000 |
| Profit before tax | 14 050 000 | 23 400 000 |
| Extracts from the Balance Sheet as at 31 December 2021. | 2 021 | 2 020 |
| R R | ||
| Trade receivables | 51 000 000 | 42 900 000 |
| Total assets | 279 900 000 | 264 900 000 |
| Shareholders equity | 152 200 000 | 142 100 000 |
| Bank overdraft | 127 500 000 | 102 800 000 |
| The inventory balance as at 31 December 2021 is R28 060 000 | ||
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