The following information was extracted from the accounting records of Mobifone Limited on 31 December 2021, the end of the financial year:

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MOBIFONE LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 ASSETS Non-current assets Fixed/Tangible assets Investments Current assets Inventories Accounts receivable Cash Total assets EQUITY AND LIABILITIES Equity Share capital Retained earnings Non-current liabilities Loan: KLM Bank (15%) Current liabilities Accounts payable Total equity and liabilities R 1 700 000 1 500 000 200 000 5 300 000 3 400 000 1 600 000 300 000 7 000 000 3 200 000 2 300 000 900 000 600 000 1 1 600 000 2 200 000 2 200 000 7 000 000 MOBIFONE LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 ASSETS Non-current assets Fixed/Tangible assets Investments Current assets Inventories Accounts receivable Cash Total assets EQUITY AND LIABILITIES Equity Share capital Retained earnings Non-current liabilities Loan: KLM Bank (15%) Current liabilities Accounts payable Total equity and liabilities R 1 700 000 1 500 000 200 000 5 300 000 3 400 000 1 600 000 300 000 7 000 000 3 200 000 2 300 000 900 000 600 000 1 1 600 000 2 200 000 2 200 000 7 000 000

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The following waw extrud foor accounting record Operating expen... View the full answer