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Financial analysis
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Lecture notes study book Financial Accounting: an Introduction of Pauline Weetman (Chapter 15) - ISBN: 9780273657835, Edition: 3, Year of publication: - (Good documentation)

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  • October 9, 2024
  • 6
  • 2024/2025
  • Class notes
  • Mr t mthimkhulu
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15.1 Objective Test A

(10 marks: 12 minutes)

The following are extracts from the statements of comprehensive income and the statement
of financial position of Transkei Explorers in respect of the financial years 2013 and 2014:

Extract from Statement of comprehensive income
R'000 R'000
2014 2013
Sales 1 032 000 784 000
Cost of goods sold 682 800 470 400
Interest expense 16 000 20 000
Profit before tax (after interest) 234 000 154 400
Profit after tax 163 800 108 080

Extract from Statement of financial position
R'000 R'000
2014 2013
Ordinary stated capital 233 600 120 000
Accumulated profit − beginning of year 340 000 220 000
Long-term debt (10% p.a.) 160 000 200 000
Inventory 160 000 128 000
Trade receivable 155 040 133 760
Cash 35 200 30 400
Trade payable 171 800 96 000
Non-current assets at carrying value 905 400 636 000



YOU ARE REQUIRED TO:

Answer the following questions.
Assume that:
 70% of all sales are on credit.
 All purchases are on credit.

1. What is the percentage change in sales between 2013 and 2014? (2 marks)

2. Calculate the following for the 2014 year:
2.1 Days inventory on hand (2 marks)
2.2 Trade payables payment period (3 marks)
2.3 Trade receivables collection period (2marks)

3. What is the length of the working capital cycle of the business for 2014? (1 mark)

, 15.2 Senzimali Holdings Ltd

Senzimali Holdings Ltd Annual financial statements

Statement of comprehensive income for the year ended 31 March 2020
Notes Group
2020 2019

R'000 R'000
Revenue 1 10 817 4 023
Cost of sales 2 415 694
Gross profit 8 402 3 329
Other operating income 6 000 1 937
Operating profit 2 2 402 1 392
Net interest income 3 832 754
Operating profit after interest 3 234 2 146
Goodwill impairment (13 193) −
(Loss)/Profit before taxation (9 959) 2 146
Taxation 4 795 570
(Loss)/Profit for the year (10 754) 1 576
Reconciliation of headline earnings:
(Loss)/Profit for the year (10 754) 1 576
Goodwill impairment 13 193 −
Headline earnings for the year 2 439 1 576

(Loss) Earnings per share 5 (13.4) 2.2
Headline earnings per share (cents) 5 3.1 2.2



Statement of changes in equity for the year ended 31 March 2020
Group Share capital Accumulated Total
− Class A profit
R'000 R'000 R'000
Balance at 31 March 2009 − − −
Net income for the year − 1 576 1 576
Issue of shares 74 406 − 74 406
Share issue expenses (622) − (622)
Balance at 31 March 2010 73 784 1 576 75 350
Net loss for the year − (10 754) (10 754)
Balance as at 31 March 2011 73 784 (9 178) 64 606

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