xplain what analytical procedures are and give some examples t on page 23 of the attached Annual report for REIZ Zambia, 2) Refer to the five year finance a) Using the five year financial stat uditor may perform. b) Perform the analytical procedures that you have suggested in (a) above, and explain what areas appear to be risky for REIZ 2021 financial statements c) Explain what ledger accounts are likely to be affected? or the identified risk areas what procedures should the auditor perform to reduce the audit risk?

44 FIVE YEAR FINANCIAL SUMMARY (KWACHA) STATEMENT OF COMPREHENSIVE INCOME - ZMW For the ended 31 December Grontalin Taal propaty expensas Total administration expe Inpurtuneson Toul dqyricati Profit from operations Other operating com Change in far val of westment property, to Net Exchang ( (Loss)profit before tax laco axexpecydo (Lor Plantand Ivatan properties Investment property under developm Rent incomble after 12 Centa Total Assets STATEMENT OF FINANCIAL POSITION - ZMW Shareholders' funds and b Tural ay Na-nandi Total Total equity and liabilities Number of shares EPS Headline EPS NAV Dividend proposed (paid prior years) par share 2021 K000 % 58,801 (10,671) 18% (11.432) 20% (7,348) 13% (1,727) 3% 27,063 40% (2376) (403,428) (33,275) 93,261 (318,755) (5.753) (324.50 REIZ Annual Report & Financial Statements 2021 2021 K000 10,250 756,937 16,000 10,514 22,675 817.037 457,045 128,165 231,827 817,037 56,460,198 (5.75) 0.48 8.09 2020 KODO 62,521 (15,271) 24% (7,833) 13% (11,291) 18% 45 (3,558) 24,575 39% 453 141,721 (40,201) (150,587) (24,319 (5,534) 29,855) 2020 11,719 1,179,970 35,596 7,159 30.016 1,365,300 761.513 499.000 74,187 1,365,300 56,460,198 (0.53) 044 13.84 0.13 2019 K'OOD % 67,345 (8,45) 13% (11,705) 17% (1329) 11% (2,00) 3% 37.347 56% 26 33.504 (27,150) (37,786) 26,321 16778 16.730 19,785 2013 KOOD 13.000 1,941,974 31,666 5,107 41 TTL 1.134.123 11,405 244.920 37,79% 1,134,123 56,460,196 0.38 0.67 34.37 0.23 -reiz 2018 KOOD % 50,579 (801) 18% (10,231) 20% (3,973) N 15 (560) 1% 27.754 99% 70 26,325 (16,201) (28,299) BASS 2,824 2018 K'000 GES 951,795 25,943 2,673 36,435 LXXX 444 798,952 197,301 30,391 1,026,444 36.460,798 0.08 0.49 14.15 0.23 REAL ESTATE INVESTMENTS ZAMELA PLC 2017 K000 55,164 (7,611) 12% (11753) 18% (4,634) 7% 1083) 15 40,43 30 1,154 (10,178) (66) 32,413 (7,380) 25,035 2017 K'000 1,748 78,342 22,982 12,415 96,504 972,491 104,202 156,053 12,236 972,491 % 56,450,0 4,44 0.72 14.34 0.17 23