QUESTION 1 (35 marks) The information are extracts from the Delta Group of Companies Consolidated statements for the just ended financial year on 31 December 2022. Consolidated statement of profit or loss for the year ended 31 December 2022 BWP 000 Sales Cost of Sales 340,000 -243,000 Gross profit 97,000 Operating expense -22,600 Profit from Operations 74,400 Finance costs -5,600 Profit before disposal of property 68,800 Profit on disposal on non-current 10,000 assets Profit before Tax 78,800 Tax Profit for the Period -25,000 53,800 Attributable to : Non-controlling interest 1620 Owners of the parent 52,180 53,800 Statement of financial position, with comparatives, as at 31 December 202 2022 2021 BWP BWP BWP BWP 000 000 000 000 Non-current assets PPE 202,400 176,200 Goodwill (note 3) 23,640 16,640 226,040 192,840 Current assets Inventories 134,000 115,000 Receivables - Trade 108,520 105,200 Cash and cash equivalents 7,480 15,600 250,000 476,040 235,800 428,640 Equity and Liabilities Equity shares 80,000 72,000 Share premium 48,000 40,000 Retained earnings 96,540 73,360 224,540 185,360 Non-controlling interest 15,500 Total equity 240,040 7,680 193,040 Non-current liabilities Debt Interest bearing Current liabilities Trade payables Interest payable Tax 72,800 76,800 133,360 5,440 24,400 131,240 5,760 21,800 163,200 476,040 158,800 428,640 The following notes are relevant to the extracts above: L L