(a)The issued share capital of NamPost Plc, a publicly listed company, at 31 March 2012 was N$10 million. Its shares are denominated at 25 cents each. Nkwazi Ltd‘ earnings attributable to its ordinary shareholders for the year ended 31 March ...
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Mr Daritso the CEO of Njovu Limited has recently taken up an interest in financial reporting. He is currently trying to understand lAS 19 Employee benefits. While in a staff canteen, he handed you a roughly scribbled note in which ...
(a) Mushangalimited purchased a specialised machine on 1 January 2015 for N$10 000 000. Mushanga Limited provides for depreciation on the diminishing balance method at 20%. The following relates to an error made by MushangaLimited 1. It processed depreciation of ...
Campus limited has a defined benefit plan. The following information relates to this plan for the year ended 31 December 2017 There was a Nil balance on the defined benefit plan asset ceiling adjustments account as at ...
2020 N$ 000 2019 N$ 000 Income 14 600 12 700 Cost of sales 7 200 6 100 Gross profit 7400 6 600 Operating expenses (3 600) (3 200) Interest paid (500) (400) Profit before tax 3 300 3 000 Taxation (1 320) (1200) Profit and total comprehensive income for the year 1 980 1 800 ADDITIONAL INFORMATION: 2020 N$ 000 2019 N$ 000 Dividends 500 400 Retained earnings: For year 1480 1 400 Opening balance 3 200 1 800 Closing ...
MILD LIMITED You are given the following statement of comprehensive income for the year ended 31 December 2017, drafted before adjusting for the effects of the change in estimates described in the additional information. MILD LIMITED DRAFT STATEMENT OF COMPREHENSIVE INCOME FOR THE ...
Joel Amupolo, and his business partners Mr. Goabeb and Mrs. Paulus, former classmates and alumnus of NUST, are very proud of their business — Oshiweb Chicken Feeds (Pty) Ltd (OCF hereafter). The company owns chicken feeds factory situated in Oshakati, ...
You are given the following statement of comprehensive income for the year ended 31 December 2017, drafted before adjusting the effects of the change in estimate described in the additional information. On 1 January 2017, the total estimated useful life ...
Lima Limited is a company operating in the farming sector. The company purchased its only item of equipment on 2 January 2017 at a cost of N$100 000. During the 2018 financial year, it was discovered that the equipment purchased ...