Accounting Grade 12 Paper 1 MP Prelim 2023 Addendum

Downloaded from hlayiso.com NAME OF SCHOOL NAME OF CANDIDATE CLASS NATIONAL SENIOR CERTIFICATE ACCOUNTING P1 GRADE 12 SEPTEMBER 2023 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 TOTAL This answer book consists of 9 pages. Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/P1 2 MDE/September 2023 NSC-Answer book QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 4 1.2 KING LIMITED 1.2.1 ORDINARY SHARE CAPITAL 1 460 000 Ordinary shares at the end 9 510 000 8 RETAINED INCOME NOTE ON 28 FEBRUARY 2023 Ordinary share dividends Interim dividends 420 000 Balance on 28 February 2023 793 000 8 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting-P1 3 MDE/September 2023 NSC-Answer book 1.2.2 STATEMENT OF FINANCIAL POSITION ON 28 FEBRUARY 2023. ASSETS NON-CURRENT ASSETS Fixed assets (8 532 560 CURRENT ASSETS Trade and other receivables (1 067 800 TOTAL ASSETS EQUITY AND LIABILITIES Ordinary Shareholders’ equity NON-CURRENT LIABILITIES CURRENT LIABILITIES TOTAL EQUITY AND LIABILITIES 40 TOTAL MARKS 60 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting-P1 4 MDE/September 2023 NSC-Answer book QUESTION 2 2.1 CASH EFFECTS FROM OPERATING ACTIVITIES Cash generated from operations 1 493 560 9 2.2 Calculate the following amounts for the Cash Flow Statement: 2.2.1 Proceeds on disposal of fixed assets. Workings Answer 5 2.2.2 Funds used to repurchase shares. Workings Answer 5 2.2.3 Repayment of loan Workings Answer 2 2.2.4 NET CHANGE ON CASH AND CASH EQUIVALENT Balance on 1 March 2022 Balance on 28 February 2023 4 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting-P1 5 MDE/September 2023 NSC-Answer book 2.3 Calculate the following financial indicators on 28 February 2023: 2.3.1 % Net profit after tax on sales. Workings Answer 4 2.3.2 Calculate: Debt-equity ratio Workings Answer 3 2.3.3 Net assets value per share (NAV) Workings Answer 3 2.3.4 %Return on average shareholders’ equity (ROSHE) Workings Answer 5 TOTAL MARKS 40 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting-P1 6 MDE/September 2023 NSC-Answer book QUESTION 3: BLUE LTD AND MOON LTD 3.1 BLUE LTD 3.1.1 Explain why Lee Khan should be satisfied on the liquidity position of Blue Ltd. Quote TWO financial indicators with figures. Comment: 6 3.1.2 Explain whether the company is managing risk and gearing efficiently. Quote TWO relevant indicators (with figures and trends) to support your comment.  Indicator. Figures and trend:  Indicator. Figures and trend: Comment: 6 3.1.3 As a shareholder you are concerned about the dividend pay-out policy.  Calculate the dividends pay-out rate for this current year. 2  Provide ONE reason for your concern about the current dividend pay-out policy. 2 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting-P1 7 MDE/September 2023 NSC-Answer book 3.2 MOON LTD 3.2.1 Explain whether the shareholders should be satisfied with the returns on their investment or not. Quote ONE financial indicators (with figures) to support your opinion. 4 3.2.2 Explain whether the company paid a fair price for the shares repurchased. Provide TWO financial indicators (with figures) in your comment. 4 3.3 Shareholding of Lee Khan: Lee khan has R800 000 and intends to invest in new shares. Both companies have decided to issue additional shares on 1 March 2023, at the existing market price on 28 February 2023 3.3.1 Calculate Lee’s % shareholding in Blue Ltd and comment on your findings. Comment: 5 3.3.2 Lee wants to maintain his % shareholding in Blue Ltd after the issue of additional shares. Calculate the minimum number of shares he should buy in Blue Ltd and the amount he would have to spend. 4 3.3.3 Would you advise Lee to buy the additional shares in Blue Ltd or to rather invest in Moon Ltd. Provide ONE point, with reason. 2 TOTAL MARKS 35 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting-P1 8 MDE/September 2023 NSC-Answer book QUESTION 4 QATAR HOTELS LTD 4.1 Sponsorship and other parties Refer to paragraph 1. Provide a reason why trade unions would want to be interested in the financial records and the performances of companies. 2 Explain why listed companies like Mzansi Hotels Ltd might want to spend money to sponsor such projects. 2 4.2 Directors: Refer to paragraph 2 Explain the difference between an executive and a non-executive director. Executive director: Non-executive director: 2 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/P1 9 MDE/September 2023 NSC-Answer book 4.3 Concerns of shareholders: Refer to paragraphs 1, 2 and 3. As a concerned shareholder, what questions would you ask at AGM? Provide THREE different questions. In EACH case explain an appropriate reason. Different questions Reason 9 TOTAL MARKS 15 TOTAL: 150 Copyright reserved