REQUIRED:

Prepare the profit before tax note that will be disclosed in the financial statements of Good Juice for the year ended 30 September 2021

tax rate is 28%

Town, Western Cape. It has a 30 September year end and has experienced growth over the past two years despite lockdown restrictions. The following transactions took place in the current financial Debentures On October 2020. Good Juice issued 2 200 convertible debentures at the air walue of R1 000 each. The debentures have a face value of R1000 and bear afwed coupon interest rate of per annun, compounded annually. The coupon interest is payable annually in asas on 30 September The debentures are convertible at the option of Good Juice on 30 September 2005, sta ratio of one ordinary share for every debenture held. Any debentures which are not converted on 30 September 2025 will be redeemed at their face value on the same date A market related interest rate for lar debertures without a conversion options 1155 per annum compounded annually The financial accountant of Good Juice was unsure as to how to account for these debentures, and thus the only ouma entry processes to account for the debentures was follows Or Cr 1 October 2020 R Bank (SFP) 2 200 000 Debentur ability (SFP) 2 200 000 Proceeds received from the issue of debentures Investment in Rea-Vaya Ltd (Rea-Vaya) On 1 April 2021. Good Juice purchased 150 000 ordinary shows in Rea Vaye a courier company with distribution routes across Gauteng and Limpopo Good Juice paid R18 per share and paid broker's commission of Ras 000 On 13 August 2021. Rea-Vaya, declared a dividend of R2 per share to asi ne ordinary shareholders The on 31 August 2021 Good Juice intends to sell me shares once the share price breaches the Rasmar On 30 September 2021, the share price was R21.50 Investment in Mixer (Pty) Ltd (Miner) On 1 July 2021. Good Juice acquired a 55% stake in Mier, a small start op company based in Johannesburg, which makes and sels treshe. Good Lice paid Rs 500 000 for its stake and incurred direct acquisition costs of R37 500. This acquisition is part of a strategy to expand operations into Gauteng Good Juice has control over Mineras defined in IFRS 10 Consolidated Financial Statements Good Juice made the revocable election in terms of IFRS 9-Financial instruments to measure the investment Muer shans attair value through other comprehensive income separate accounting recorde. The fair value gain to be procented at year and is R500 On 30 September 2025, Mwer declared a dividend of R125 000 Human resource matters The average gross salaries (excluding bonusses) for the employees of Good R7 200 000 for the year ended 30 September 2021. Al amployees entitled to a bonusul to one month's gross salary Bonuses are paid out at the end of June each year. The scored bonuses on 30 September 2020 amounted to R217 500 On 1 September 2021 the director of Good Juice approved away one of 6% as from 1 October 2001. The company's leave cycle runs from 1 day to 30 Juneech year. There we 252 working days in a year Employees are entitled to 18 days' vacatione per unused love days can be carried forward to the next leave cycle but must be taken before the end of October of the next leave cycle. Five and a half unused leave days were carried and to July 2001 and six days were taken from 1 July 2021 to 30 September 2021. The core leave fexcluding accumulated leave for the year ended 30 September 2020 amounted to RT 904 Town, Western Cape. It has a 30 September year end and has experienced growth over the past two years despite lockdown restrictions. The following transactions took place in the current financial Debentures On October 2020. Good Juice issued 2 200 convertible debentures at the air walue of R1 000 each. The debentures have a face value of R1000 and bear afwed coupon interest rate of per annun, compounded annually. The coupon interest is payable annually in asas on 30 September The debentures are convertible at the option of Good Juice on 30 September 2005, sta ratio of one ordinary share for every debenture held. Any debentures which are not converted on 30 September 2025 will be redeemed at their face value on the same date A market related interest rate for lar debertures without a conversion options 1155 per annum compounded annually The financial accountant of Good Juice was unsure as to how to account for these debentures, and thus the only ouma entry processes to account for the debentures was follows Or Cr 1 October 2020 R Bank (SFP) 2 200 000 Debentur ability (SFP) 2 200 000 Proceeds received from the issue of debentures Investment in Rea-Vaya Ltd (Rea-Vaya) On 1 April 2021. Good Juice purchased 150 000 ordinary shows in Rea Vaye a courier company with distribution routes across Gauteng and Limpopo Good Juice paid R18 per share and paid broker's commission of Ras 000 On 13 August 2021. Rea-Vaya, declared a dividend of R2 per share to asi ne ordinary shareholders The on 31 August 2021 Good Juice intends to sell me shares once the share price breaches the Rasmar On 30 September 2021, the share price was R21.50 Investment in Mixer (Pty) Ltd (Miner) On 1 July 2021. Good Juice acquired a 55% stake in Mier, a small start op company based in Johannesburg, which makes and sels treshe. Good Lice paid Rs 500 000 for its stake and incurred direct acquisition costs of R37 500. This acquisition is part of a strategy to expand operations into Gauteng Good Juice has control over Mineras defined in IFRS 10 Consolidated Financial Statements Good Juice made the revocable election in terms of IFRS 9-Financial instruments to measure the investment Muer shans attair value through other comprehensive income separate accounting recorde. The fair value gain to be procented at year and is R500 On 30 September 2025, Mwer declared a dividend of R125 000 Human resource matters The average gross salaries (excluding bonusses) for the employees of Good R7 200 000 for the year ended 30 September 2021. Al amployees entitled to a bonusul to one month's gross salary Bonuses are paid out at the end of June each year. The scored bonuses on 30 September 2020 amounted to R217 500 On 1 September 2021 the director of Good Juice approved away one of 6% as from 1 October 2001. The company's leave cycle runs from 1 day to 30 Juneech year. There we 252 working days in a year Employees are entitled to 18 days' vacatione per unused love days can be carried forward to the next leave cycle but must be taken before the end of October of the next leave cycle. Five and a half unused leave days were carried and to July 2001 and six days were taken from 1 July 2021 to 30 September 2021. The core leave fexcluding accumulated leave for the year ended 30 September 2020 amounted to RT 904