SMASHIT (PTY) LTD

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023

Rand

NON-CURRENT ASSETS
Machinery - cost 50000
Accumulated depreciation - machinery 15000
Vehicles - cost 220000
Accumulated depreciation - vehicles 44000
Furniture and equipment - cost 35000
Accumulated depreciation - furniture and equipment 10500
Share investment - fair value through other comprehensive income
10000
Total non-current assets 245500
CURRENT ASSETS
Inventory 6800
Trade debtors 4500
Bank and cash 106798
Prepaid expense 3120
Total current assets 121218
TOTAL ASSETS 366718

EQUITY AND LIABILITIES

EQUITY
Share capital 100000
Retained earnings 199882
NON-CURRENT LIABILITIES
Long-term borrowings 50000
CURRENT LIABILITIES
Trade payables 1200
Current tax payable 5986
Accrued expense 4150
Income received in advance 5500
TOTAL LIABILITIES 66836
TOTAL EQUITY AND LIABILITIES 366718
 Formulae

B7-B8+B9-B10+B11-B12+B13

sum(B16:B19)
B14+B20

B28+B30+B31+B32+B33
B25+B26+B34