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The return on average shareholders' equity for 2022 is 63.8%. Calculate the return on average shareholders' equity for 2023. Consolidated statement of financial position at August 31 ASSETS Non-current assets Property, plant and equipment Right-of-use assets Intangible assets Goodwill Deferred tax assets Investment in associates Loans receivable Financial assets at fair value through profit and loss Derivative financial assets Current assets Current ratio Inventories Trade and other receivables Loans receivable Notes 2023 R'000 2022 R'000 7 201 109 6 491 054 2 643 136 2 374 962 22123456 2 999 297 2 827 826 10 968 207 720 988 11 204 829 102 806 70 423 108 145 21 214 25 389 130 597 91814 163 406 145 052 94 072 11 833 745 11 372 862 (Acid test) 17 6 309 809 6 164 453 Current liabilities 18 3 019 488 3 047 040 14 28 030 34 582 2 455 176 2014 553 16 21 242 112 234 19 034 854 17 863 916 Cash and cash equivalents Derivative financial assets Total assets EQUITY AND LIABILITIES Equity Share capital Share premium 5 964 814 5 698 807 19 2412 19 1 064 953 2 440 1 064 953 Cash flow hedge reserve 20 (2 984) 7 234 Cost of hedging reserve (6166) (4983) Foreign currency translation reserve 21 (507) (6860) Distributable reserve 4 907 106 4 636 023 Non-current liabilities 2 270 392 2 238 914 Lease liabilities 23 2 152 485 2 087 725 Deferred tax liabilities Employee benefits Current liabilities Trade and other payables Lease liabilities Employee benefits Income tax payable Galaxy A05Scial liabilities Total equity and liabilities 12 21335 22 117 907 129 854 10 799 648 9926 195 222 24 9268 898 8 368 721 23 1086 440 1012 159 22 295,942 354 552 146 735 190 063 16 1633 700 19 034 854 17 863 916

The return on average shareholders' equity for 2022 is 63.8%. Calculate the return on average shareholders' equity for 2023. Consolidated statement of financial position at August 31 ASSETS Non-current assets Property, plant and equipment Right-of-use assets Intangible assets Goodwill Deferred tax assets Investment in associates Loans receivable Financial assets at fair value through profit and loss Derivative financial assets Current assets Current ratio Inventories Trade and other receivables Loans receivable Notes 2023 R'000 2022 R'000 7 201 109 6 491 054 2 643 136 2 374 962 22123456 2 999 297 2 827 826 10 968 207 720 988 11 204 829 102 806 70 423 108 145 21 214 25 389 130 597 91814 163 406 145 052 94 072 11 833 745 11 372 862 (Acid test) 17 6 309 809 6 164 453 Current liabilities 18 3 019 488 3 047 040 14 28 030 34 582 2 455 176 2014 553 16 21 242 112 234 19 034 854 17 863 916 Cash and cash equivalents Derivative financial assets Total assets EQUITY AND LIABILITIES Equity Share capital Share premium 5 964 814 5 698 807 19 2412 19 1 064 953 2 440 1 064 953 Cash flow hedge reserve 20 (2 984) 7 234 Cost of hedging reserve (6166) (4983) Foreign currency translation reserve 21 (507) (6860) Distributable reserve 4 907 106 4 636 023 Non-current liabilities 2 270 392 2 238 914 Lease liabilities 23 2 152 485 2 087 725 Deferred tax liabilities Employee benefits Current liabilities Trade and other payables Lease liabilities Employee benefits Income tax payable Galaxy A05Scial liabilities Total equity and liabilities 12 21335 22 117 907 129 854 10 799 648 9926 195 222 24 9268 898 8 368 721 23 1086 440 1012 159 22 295,942 354 552 146 735 190 063 16 1633 700 19 034 854 17 863 916

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The return on average shareholders' equity for 2022 is 63.8%. Calculate the return on average shareholders' equity for 2023.
Transcribed Image Text:The return on average shareholders' equity for 2022 is 63.8%. Calculate the return on average shareholders' equity for 2023.
Consolidated statement of financial position at August 31 ASSETS Non-current assets Property, plant and equipment Right-of-use assets Intangible assets Goodwill Deferred tax assets Investment in associates Loans receivable Financial assets at fair value through profit and loss Derivative financial assets Current assets Current ratio Inventories Trade and other receivables Loans receivable Notes 2023 R'000 2022 R'000 7 201 109 6 491 054 2 643 136 2 374 962 22123456 2 999 297 2 827 826 10 968 207 720 988 11 204 829 102 806 70 423 108 145 21 214 25 389 130 597 91814 163 406 145 052 94 072 11 833 745 11 372 862 (Acid test) 17 6 309 809 6 164 453 Current liabilities 18 3 019 488 3 047 040 14 28 030 34 582 2 455 176 2014 553 16 21 242 112 234 19 034 854 17 863 916 Cash and cash equivalents Derivative financial assets Total assets EQUITY AND LIABILITIES Equity Share capital Share premium 5 964 814 5 698 807 19 2412 19 1 064 953 2 440 1 064 953 Cash flow hedge reserve 20 (2 984) 7 234 Cost of hedging reserve (6166) (4983) Foreign currency translation reserve 21 (507) (6860) Distributable reserve 4 907 106 4 636 023 Non-current liabilities 2 270 392 2 238 914 Lease liabilities 23 2 152 485 2 087 725 Deferred tax liabilities Employee benefits Current liabilities Trade and other payables Lease liabilities Employee benefits Income tax payable Galaxy A05Scial liabilities Total equity and liabilities 12 21335 22 117 907 129 854 10 799 648 9926 195 222 24 9268 898 8 368 721 23 1086 440 1012 159 22 295,942 354 552 146 735 190 063 16 1633 700 19 034 854 17 863 916
Transcribed Image Text:Consolidated statement of financial position at August 31 ASSETS Non-current assets Property, plant and equipment Right-of-use assets Intangible assets Goodwill Deferred tax assets Investment in associates Loans receivable Financial assets at fair value through profit and loss Derivative financial assets Current assets Current ratio Inventories Trade and other receivables Loans receivable Notes 2023 R'000 2022 R'000 7 201 109 6 491 054 2 643 136 2 374 962 22123456 2 999 297 2 827 826 10 968 207 720 988 11 204 829 102 806 70 423 108 145 21 214 25 389 130 597 91814 163 406 145 052 94 072 11 833 745 11 372 862 (Acid test) 17 6 309 809 6 164 453 Current liabilities 18 3 019 488 3 047 040 14 28 030 34 582 2 455 176 2014 553 16 21 242 112 234 19 034 854 17 863 916 Cash and cash equivalents Derivative financial assets Total assets EQUITY AND LIABILITIES Equity Share capital Share premium 5 964 814 5 698 807 19 2412 19 1 064 953 2 440 1 064 953 Cash flow hedge reserve 20 (2 984) 7 234 Cost of hedging reserve (6166) (4983) Foreign currency translation reserve 21 (507) (6860) Distributable reserve 4 907 106 4 636 023 Non-current liabilities 2 270 392 2 238 914 Lease liabilities 23 2 152 485 2 087 725 Deferred tax liabilities Employee benefits Current liabilities Trade and other payables Lease liabilities Employee benefits Income tax payable Galaxy A05Scial liabilities Total equity and liabilities 12 21335 22 117 907 129 854 10 799 648 9926 195 222 24 9268 898 8 368 721 23 1086 440 1012 159 22 295,942 354 552 146 735 190 063 16 1633 700 19 034 854 17 863 916
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