Question: Im unble to paste the full question, please help. Hunter Limited Statement of changes in equity for the year ended 31 December 201 9 Ordinary
Im unble to paste the full question, please help.
Hunter Limited
Statement of changes in equity for the year ended 31 December 2019
| Ordinary Share capital | Retained earnings | Preference share capital | Total | |
| Balance at 1 January 2018 | 120 000 | 12 000 | 60 000 | 192 000 |
| Total comprehensive income | - | 48 300 | - | 48 300 |
| Preference dividends paid | - | (6 000) | - | (6 000) |
| Ordinary dividends declared | - | (24 000) | - | (24 000) |
| Balance at 31 December 2018 | 120 000 | 30 300 | 60 000 | 210 300 |
| Total comprehensive income | - | 47 600 | - | 47 600 |
| Preference dividends paid | - | (6 000) | - | (6 000) |
| Ordinary dividends declared | - | (15 000) | - | (15 000) |
| Balance at 31 December 2019 | 120 000 | 56 900 | 60 000 | 236 900 |
Hunter Limited
Statement of financial position as at 31 December 2019
R R
| Note | 2019 | 2018 | ||
| Non-current assets | 258 000 | 264 000 | ||
| Property, plant and equipment | 1 | 258 000 | 264 000 | |
| Current assets | 257 000 | 111 000 | ||
| Inventory | 72 000 | 42 000 | ||
| Trade Debtors | 182 000 | 60 000 | ||
| Bank | 3 000 | 9 000 | ||
| 515 000 | 375 000 | |||
| Equity | 236 900 | 210 300 | ||
| Share capital | 2 | 120 000 | 120 000 | |
| Retained earnings | 56 900 | 30 300 | ||
| Preference share capital | 2 | 60 000 | 60 000 | |
| Non-current liabilities | 60 000 | 60 000 | ||
| 5 % Debentures | 60 000 | 60 000 | ||
| Current liabilities | 218 100 | 104 700 | ||
| Trade Creditors | 182 700 | 60 000 | ||
| Taxation payable | 20 400 | 20 700 | ||
| Shareholders for dividends | 15 000 | 24 000 | ||
| 515 000 | 375 000 |
Additional Information and Notes:
- All purchases and sales are made on credit terms.
- Trade debtors at 31 December 2017 amounted to R140 000.
Required:
Using the information provided above evaluate the companys performance and position using financial ratio analysis.
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