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You are provided below with the statement of financial position for Niresh Hyflo Products Ltd (NHP Ltd), a Durban manufacturer of water treatment electronic products
You are provided below with the statement of financial position for Niresh Hyflo Products Ltd (NHP Ltd), a Durban manufacturer of water treatment electronic products and speed heat showerheads. Statement of financial position for NHP Ltd as at 31 December 2022 Funds Employed: (R) Share capital 480, 000 Distributable reserves 520, 000 Shareholders interest 1 000, 000 Long-term loans 300, 000 Total 1 300, 000 Represented by: Fixed assets 800, 000 Stock 500, 000 Debtors 250, 000 Cash 50, 000 Total 1 600, 000 Current liabilities Creditors 300, 000 Total 1 300, 000 Additional information: 1. The firms sales were R5 000 000 spread evenly over the year. The after-tax profit margin on sales was 6% of
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