REQUIRED
Study the information provided below andanswer the following questions.
1.1	Were there any additions to or disposalsof property,plant and equipmentduring the financial year ended 31 December 2022? Motivate your answer.	(3 marks)
1.2	Comment on the decrease in retained earnings.	(3 marks)
1.3	Comment on FIVE (5) other significant changes that occurred in the companys financial position during 2022.	(10 marks)
1.4	Apart from the Statement of Financial Position and ratio analysis, what other financial information should be considered when commenting on the financial health of the company?	(4 marks)

INFORMATION

AMC Limited
Statement of Financial Position as at 31 December:
	2022	2021
	R	R
ASSETS
Non-current assets	?	?
Property, plant and equipment(Cost)	?	?
Accumulated depreciation	(2 000 000)	(1 400 000)
Carryingvalue	?	?
Investments	10 000 000	12 000 000
Current assets	7 000 000	4 890 000
Inventories	400 000	100 000
Accounts receivable	5 800 000	4 000 000
Cash	800 000	790 000
	25 200 000	25 690 000
EQUITYAND LIABILITIES
Equity	12 000 000	20 290 000
Ordinary share capital	3 000 000	2 400 000

Retained earnings	9 000 000	17 890 000
Non-current liabilities	10 000 000	3 400 000
Long-term loan	10 000 000	3 400 000
Current liabilities	3 200 000	2 000 000
Accounts payable	3 200 000	2 000 000
	25 200 000	25 690 000