Exam (elaborations)
FAC2601 Assignment 1 Semester 2 2022
- Institution
- University Of South Africa (Unisa)
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FAC2601Assignment 1 Semester 2 2022
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, FAC2601
ASSIGNMENT 2
SEMESTER 2 2022
DUE DATE 31 AUGUST 2022
UNIQUE NUMBER 174991
Sankofa Ltd
Statement of financial position as at 30 June 2022
R
ASSETS
Non-current assets 4 532 986
Property, plant and equipment (note 1) 3 398 986
Investments (c9) 1 134 000
Current assets 652 600
Inventory (c8) 294 600
Trade and other receivables 220 000
Cash and cash equivalents (c10) 48 000
Investments (c11) 90 000
TOTAL ASSETS 5 185 586
Sankofa Ltd
Notes to the financial statements for the year ended 30 June 2022
Note 1: Property, plant and equipment
Land Buildings Machinery and Motor vehicles
equipment
Carrying amount as at 1 July 2019 1 000 000 341 250 436 250
Cost 1 000 000 390 000 690 000 (253
Accumulated depreciation - (48 750) 750) (c5)
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