- x Financial Accounting 3 Assignment 4.pdf - Adobe Acrobat Reader DC File Edit View Window Help Home Tools Financial Accountin... X Sign In 1 4 / 6 75% IA To Share Search Combine PDF QUESTION 2 [15 MARKS] Below are the statements of financial position for Ndjeke yaMalimba Ltd at 31 December 2018 and 31 December 2019 and the statement of profit or loss and other comprehensive income for the year ended 31 December 2019. Export PDF STATEMENTS OF FINANCIAL POSITION Edit PDF 2019 N$'000 2018 N$'000 Create PDF Comment ASSETS Non-current assets Property, Plant & Equipment Developments costs 798 638 110 92 Combine Files 908 730 Current assets El Organize Pages Inventories Trade receivables 313 208 280 186 Redact Cash 111 632 1,540 4 470 1,200 Protect Total assets EQUITY AND LIABILITIES Create, edit and sign PDF forms & agreements 200 Equity N$1 ordinary shares Share premium Revaluation surplus Retained earnings 220 140 42 80 Start Free Trial 599 | 1001 - 57 850 IH Search for anything w a XM Desktop 11:43 AM 6/23/2020 - x Financial Accounting 3 Assignment 4.pdf - Adobe Acrobat Reader DC File Edit View Window Help Home Tools Financial Accountin... X Sign In 5 / 6 75% To Share 1.001 850 Search Combine PDF Non-current liabilities 4% loan notes Deferred tax 250 76 30 356 100 54 26 Provisions for warranties Export PDF 180 Edit PDF Current Liabilities Trade payables 152 146 Create PDF Comment Combine Files 24 Current tax payable Interest payable El Organize Pages 26 5 183 1.540 Redact 170 170 Total equity and liabilities Protect Revenue Cost of N$'000 1,100 (750) 350 (247) (10) Create, edit and sign PDF forms & agreements Gross profit Expenses Finance costs Profit on sale Profit before tax Start Free Trial 7 100 IH Search for anything w XM Desktop 11:43 AM 6/23/2020 - x Financial Accounting 3 Assignment 4.pdf - Adobe Acrobat Reader DC File Edit View Window Help Home Tools Financial Accountin... X Sign In 5 / 6 mo 0 75% 14 To Share 100 (30) Search Combine PDF 70 Profit before tax Income tax expense PROFIT FOR THE YEAR Other comprehensive income: Gain on property revaluation Income tax relating to gain on property revaluation Other comprehensive income for the year, net of tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR Export PDF 60 Edit PDF (18) 42 112 Create PDF Notes: Comment i. Combine Files Depreciation of property, plant and equipment during 2019 was N$54,000 and deferred development expenditure amortised was N$25,000. Proceeds from the sale of equipment were N$58,000 giving rise to a profit of N$7,000. No other items of property, plant and equipment were disposed of during ii. El Organize Pages the year. III. Redact Finance costs represent interest paid on the loan notes. New loan notes were issued on 01 January 2019. The company revalued its property at the year end. Company policy is to treat revaluations as realised profits when the asset is retired or disposed of. iv. Protect Required: Create, edit and sign PDF forms & agreements 5 Start Free Trial IH B Search for anything e o j o XM Desktop 11:43 AM 6/23/2020 - x Financial Accounting 3 Assignment 4.pdf - Adobe Acrobat Reader DC File Edit View Window Help Home Tools Financial Accountin... X Sign In 1 6 / 6 75% 1 To Share PRI OTO Torrono. Ovo more Search Combine PDF iv. on 01 January 2019. The company revalued its property at the year end. Company policy is to treat revaluations as realised profits when the asset is retired or disposed of. Required: Export PDF Edit PDF 5 Create PDF Comment Combine Files Prepare a statement of cash flows for Ndjeke yaMalimba Ltd for the year ended 31 December 2019, using the indirect method in accordance with IAS 7. (15) El Organize Pages END Redact TOTAL MARKS [50] Protect Create, edit and sign PDF forms & agreements Start Free Trial IH Search for anything o e J' w o XM C Desktop 11:43 AM 6/23/2020