QUESTION ONE $[18$ MARKS$]$

REQUIRED

Use the information provided below to prepare the:

$1\mathrm{.}1$ Pro Forma Statement of Comprehensive Income for the year ended $31$ December $2025.(6$ marks$)$

$1\mathrm{.}2$ Pro Forma Statement of Financial Position as at $31$ December $2025.$

$($Note: except where otherwise stated, the percentage of sales method is not required. $(12$ marks$)$

INFORMATION

NOVUS LIMITED

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED $31$ DECEMBER $2024$

$\backslash$table$[[$Sales$,$ Additional information of year end $31$ December $2025.$ Expected amount to R$1650000,$ gross percentage $60\%$ will be maintained in $2025.$

New machinery R$150000$ will be purchased in january $.$ Total Depreciation $145750.$ The following must be detemined in percentage sales.Operating expences. Inventories. Trade and other receivebles $.$ Trade and other payables.Dividends expected amount R$80000\mathrm{.}100000$ ordinary shares at R$1$ each $.$Income tax payable will be determined in statement of comprehensive income. R$60000$ of the long term goal will be repaid in $2026.$Cash balance of $220000$ will be maintained and any suplus will be invested in long term