Question: Study the ensuing financial statement and answer the questions that follow. Statement of financial position Assets 2015 2014 Property, plant and equipment (PPE) at cost

Study the ensuing financial statement and answer the questions that follow. Statement of financial position Assets 2015 2014 Property, plant and equipment (PPE) at cost price 150 000 130 000 Accumulated depreciation (50 000) (45 000) PPE at carrying value 100 000 85 000 Share investments 20 000 15 000 Non-current assets 120 000 100 000 Inventories 10 000 6 500 Trade receivables 14 000 15 500 Cash and cash equivalents 15 400 7 000 Prepayments 600 1 000 Current assets 40 000 30 000 Total assets 160 000 130 000 Equity and liabilities Share capital 45 000 40 000 Reserves 6 000 6 000 Retained earnings 22 000 14 000 Ordinary shareholders' equity 73 000 60 000 Preference shares 15 000 10 000 Shareholders' equity 88 000 70 000 Total equity 88 000 70 000 Long-term debt 49 000 40 000 Deferred tax liability Non-current liabilities Trade payables Tax payable Dividends payable Bank overdraft 5 000 Current liabilities Total equity and liabilities 3 000 54 000 43 000 6 000 8 000 2 200 2 400 2 800 1 600 7 000 5 000 18 000 17 000 160 000 130 000 Based on the information provided in the statement of financial position: 1.1 By how much did property, plant and equipment (PPE) change in 2015? 1.2 How much depreciation is attributable to 2015? 1.3 What is the change in inventories? 1.4 What is the change in trade receivables? 1.5 Obligations to suppliers changed by how much? (2 Marks each)

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