QUESTION $3$

REQUIRED

Use the information provided below to prepare the Statement of Financial Position of Umran Limited as at

$30$ June $2022.$ The notes to the financial statements are not required.

INFORMATION

The following balances were obtained from the accounting records of Umran Limited after all the

adjustments and closing transfers were completed on $30$ June $2022,$ the end of the financial year.

Additional information

The tax calculated on the pre$-$tax profit for the year amounted to R$180000.$ Provisional company tax

payments for the year ended $30$ June $2022$ totalled R$156000.$

Dividends for the year.

$2\mathrm{.}1$ Interim dividend paid on $31$ December $2021$: $40$ cents per share.

$2\mathrm{.}2.$ Final dividend declared on $30$ June $2022$: $74$ cents per share.

The provision for bad debts balance on $30$ June $2021$ was R$5000.$ The provision for bad debts is

calculated at $5\%$ of book debts.

Payments lotalling R$76000$ to Lendor Bank, including R$36000$ for interest, will be made during the

next financial year: