Choose a description in COLUMN B that matches the user of financial statements in COLUMN A - NSC Accounting - Question 5 - 2018 - Paper 1

D

A

B

Calculate the missing amounts (a) to (d) based on provided data:

• For (a): $6 192 350 - 4 256 350 = R 1 936 000$
• For (b): $535 250 + 419 750 = R 955 000$
• For (c): $1 415 000 - 955 000 = R 460 000$
• For (d): $1 500 000 - 1 500 000 = R 98 000$

The net profit after income tax for Malotra Ltd on 28 February 2018 is calculated as follows: Net profit = 286 200 imes rac{7}{10} = R 667 800

• Dividends paid: $R 376 000$
• Funds used to repurchase shares: $R 960 000$
• Proceeds from shares issued: $R 1 640 000$

Net change in cash and cash equivalents: $1 460 000$ Cash and cash equivalents (opening): total must be calculated Cash and cash equivalents (closing): $36 400$

• Acid-test ratio: rac{R 1 136 700 - R 471 100}{R 512 000} = 1.3:1
• Debt-equity ratio: $0.2:1$
• Return on average shareholders' equity: rac{R 667 800}{R 6 434 300 + R 5 826 900} imes 100 = 10.5 ext{%}