Accounting Grade 12 P1 Eastern Cape Prelim 2024 QP (Sesotho)

Downloaded from hlayiso.com NATIONAL SENIOR CERTIFICATE KEREITE 12 LOETSE 2024 ACCOUNTING P1 MATSHWAO: 150 NAKO: 2 dihora Pampire ena e na le maqephe a 10, ho kenyeletsa formula sheete le maqephe a 10 a buka ya dikarabo. Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com 2 ACCOUNTING P1 (EC/LOETSE 2024) DITAELO LE TLHAHISO LESEDING Bala ditaelo tse latelang kahloko o dilatele jwalo ka ha di le jwalo. 1. Araba dipotso KAOFELA. 2. O filwe BUKA YA DIKARABO moo o tla arabela dipotso TSOHLE. 3. Ho kenyeleditswe Indicator Formula Sheete qetellong ya buka ena ya dipotso. 4. Bontsha ditshebetso TSOHLE ho una dikarolo tsa matshwao. 5. O ka sebedisa khaletjhuleitha e sa prokramuwang. 6. O ka sebedisa pensile e loileng kapa pene e bolou/e ntsho ho araba dipotso . 7. Ha ho hlokeha, bontsha dipaloTSOHLE e be ntlha e le NNGWE ya decimal. 8. Ngola ka mongolo o makgethe o balehang. 9. Sebedisa tlhahisoleseding theiboleng e ka tlase ho o tataisa ha o araba pampiri ya dipotso. QOBA ho se suthe ho yona. NAKO POTSO SEHLOHO MATSHWAO (metsotso) 1 Company Financial Statements 55 45 Notes to Financial Statements, 2 Cash Flow Statement and 40 30 Financial Indicators Interpretation of Financial 3 40 30 Statements 4 Corporate Governance 15 15 PALO YOHLE 150 120 Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 3 POTSO YA 1: DITATEMENTE TSA DITJHELETE TSA KHAMPANE (55 marks; 45 minutes) ZINO LIMITED Tlhahisoleseding ke ya selemo sa ditjhelete se felang ka 30 June 2024. Besenese e rekisa metjhene ya ho kuta jwang. SEHLOKEHANG: 1.1 E ya ho tlhahiso leseding B (ii). Khaletjhuleitha value ya setoko se ile sa utswuwa. (3) 1.2 Phethela Setatemente sa Comprehensive Income ya selemo se felang ka di 30 June 2024. (29) 1.3 Phethela Setatemente sa Boemo ba Ditjhelete ka di 30 June 2024. (23) ELAHLOKO: A mang a manane a kentswe ho BUKA YA DIKARABO. TLHAHISOLESEDING: A. Qotso: Dibalanse le ditotale ho tloha ho direkote tsa 30 June 2024. R Ordinary share capital (3 000 000 shares) 19 650 000 Retained income ? Loan: OV Bank 1 304 000 Debtors’ control 495 000 SARS: Income Tax (provisional tax payments) 300 000 Provision for bad debts 2 355 Creditors’ control 529 800 Bank (favourable) ? Trading stock 2 195 550 Shareholders for dividends 1 980 000 Sales ? Cost of sales 15 660 000 Rent income 98 500 Commission income 626 400 Audit fees 81 000 Directors’ fees 450 000 Advertising 36 000 Dividends on ordinary shares 1 010 000 Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com 4 ACCOUNTING P1 (EC/LOETSE 2024) B. Diadjustmente le tlhahisoleseding e ekeditsweng: (i) Besenese e sebedisa mark-up ya 75% ho coste. Bareki ba bohlokwa ba filwe trade disecounte ya boleng ba R216 000. (ii) Ka nako eo ho thuwang wayahouseng, metjhene ya ho kuta jwang e ne utsuwe. Besenese ile ya fumana ya ba ya rekota R35 000 e tswang ho insurense ya company, e leng 80% ya boleng ba mechine ka hobane e ne e le ka tlasa insurense. Ha ho na dientries tse ding tse entsweng. (iii) Audit fees tse ntseng di kolotwa selemog sa mafelo sa ditjhelete, R9 500. (iv) Konteraka ya selemo ya advertising ile ya saenwa le local newspaper ho tloha ka 1 October 2023. R24 000 ile ya patalwa. (v) Provision ya bad debts e tlameha ho adjastwa ho ya ho R1 975. (vi) Moreki ya ileng a patala ho feta molato wa hae ka R2 800 o kopile ho re tjhelete eo e kenywe ho creditors account ya hae hobane o bile o ntse a sapolaya ofise ka seteishenare. (vii) Zino Ltd o fumane commissione ya R25 ka horekisa unite ka nngwe e tswang ho STIHL manufacturers. Commission ya diunite tse 900 tsa June o ntse a sa di lefuwe. (viii) Khampane e patetse di directose tsa tsona tse PEDI ho ya ho 31 December 2023. Ba fumana difese tse lekanang. Director ya boraro e ne e hirwe ka di1 April 2024 ka reiti ya kgwedi e tshwanang le tsa tse ding didirecter tsepedi. Ha ho na directors’ fees tse ile tsa patalwa mahareng a sehla sa bobedi sa selemo. (ix) Dipremisese di ile tsa rentiswa ho tloha ka1 August 2023 ka tumellano ya ho re rente e tla fokotswa ka R800 kgwedi ka nngwe ho tloha ka 1 May 2024. Rente ya June 2024 ha e eso fumanehe ha jwale. (x) Provisional tax payment ya R200 000 e patetswe hape ka di 30 June 2024 (sena ha se yaka sa rekotwa). Ka mora sena, Income tax e ntse e kolotwa ho SARS mafelong a selemo e ne e le R60 000. Tax e khaletjhuleithwa ka 28% ya net profit pele ho patalwa tax. (xi) Loan ho tswa ho OV Bank: • Balanse ya loan ka di 1 July 2023 e na le boleng ba R1 490 000. • Interest ya loan ya R120 100 e capitalised. • A Fixed monthly instalmente (e kentseng intereste) e patetswe kaofela ya ba ya rekhotwa. • Tlasa mathata a economic conditionse, Zino Ltd b akene ditherisanong le OV bank ho lelefatsa term ya sethato ya loan. Banka e dumetse kopong ena e bile ya theola capital portion ya loan repaymente ka 5% ho selemo se tlang sa ditjhelete. (xii) Difinancial indicators dikhaletjhuleithilwe ka di 30 June 2024, ka mora ha ho ela hloko kaofela diadjustmente: Net asset value per share 675 cents Current ratio 1,3 : 1 55 Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 5 POTSO YA 2: FINANCIAL INDICATORS LE CASH FLOW STATEMENTE (40 marks; 30 minutes) Tlhahisoleseding ena ke ya Shabba Ltd ya selelo sa ditjhelete sefelang ka 30 April 2024. REQUIRED: 2.1 Khaletjhuleitha difinancial indicators tse latelang tsa selemo sa ditjhelete se felang ka 30 April 2024: 2.1.1 Debt-equity ratio (3) 2.1.2 Earnings per share (4) 2.1.3 Dividend pay-out rate (%) (3) 2.1.4 % return on average equity (ROSHE) (5) 2.2 Etsa Retained Income note. (7) 2.3 Khaletjhuleitha change ho Trade and other receivables. Bontsha karabo ho re ke inflow kapa outflow ya cashe. (4) 2.4 Khaletjhuleitha diamounte tse latelang ho Cash Flow Statemente: 2.4.1 Taxation paid (5) 2.4.2 Proceeds from sale of fixed assets (5) 2.5 Phethela sekeshene e latelang ya Cash Flow Statement: ● Net change in Cash and cash equivalents (4) TLHAHISOLESEDING: A. Qotso ho tswa ho Statemente sa Comprehensive Income ka di 30 April 2024: R Depreciation 190 900 Interest expense 69 500 Net profit after tax 1 022 000 B. Taxation ke 30% ya Pre-Tax profit. Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com 6 ACCOUNTING P1 (EC/LOETSE 2024) C. Qotso ho tswa ho statemente sa financial position le dinotes: 30 April 2024 30 April 2023 R R Fixed assets (carrying value) 11 434 000 9 890 600 Fixed deposit 120 000 600 000 Current assets 1 202 400 906 000 Trade and other receivables (see Note 1) 568 700 459 400 Cash and cash equivalents 7 800 85 300 Shareholder’s equity 12 624 400 9 319 200 Retained income ? 1 300 300 Non-current liabilities 1 294 000 1 560 000 Current liabilities 900 000 1 156 600 Trade and other payables 432 000 814 600 Bank overdraft 319 000 0 Shareholders for dividends 188 000 201 000 Note ya 1: Trade and other receivables. 30 April 2024 30 April 2023 R R Net trade debtors 528 000 426 800 Accrued income 30 800 SARS (Income tax) 9 900 32 600 568 700 459 400 D. Fixed assets: • Boleng kaofela ba ho reka vehicle entjha le ho eketsa dibuilding mahareng a selemo di entse boleng ba R1 702 000. • Mahareng a selemo equipmente e rekesitswe ka carrying value. E. Share capital le dishares: • Di bile1 340 000 dishares tse rekisitsweng ka di 30 April 2023. • Tse ding hape tsa rekiswa ka di 1 November 2023. • Interim dividende e ne patalwe ka di 31 August 2023. • Ka di 30 April 2024 dishares di ile tsa rephecheiswa. Value ya dishares ka ho ya ka average issue price boleng ke R28 000. Poraese e neng e kopilwe ke15% e ka hodimo ho average issue price. F. Dividends and earnings per share: 30 April 2024 30 April 2023 Interim dividends (per share) 20 disente 45 disente Final dividends (per share) 25 disent 15 disente Earnings per share ? 109 disente 40 Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 7 POTSO YA 3: INTERPRETEISHENE YA TLHAHISOLESEDING YA DITJHELETE (40 matshwao; 30 metsotso) LUKER LTD Selemo sa ditjhelete se feela ka di 28 February lemo se seng le se seng. SEHLOKEHANG: ELAHLOKO: Moo ditshwaele kapa dithlalose dihlokahalang, o tlameha ho etsa jwalo: • Qotsa difinancial indicatorse le trends e na le difigurese. • Fana kalebaka kapa tlhaloso ho difinancial indicatorse tseo o diqotsitseng. 3.1 Ho fanwe ka diconcepte tse tsamayelanang le dikhampane ho COLUMN A le tlhaloso ho COLUMN B. Kgetha tlhaloso ho COLUMN B e tsamayelanang le concepte ho COLUMN A. Ngola feela tlhaku (A‒D) pela nomoro ya potso (3.1.1 ho ya ho 3.1.4) ho buka ya dikarabo. COLUMN A COLUMN B (CONCEPT) (EXPLANATION) 3.1.1 Gearing A e bontsha molemo oo owuna a o fumanang ho tswa ho investemente beseneseng 3.1.2 Solvency B e bontsha hantle ho re besenese e thusetswa ke tjhelete e adimilweng ya capitale 3.1.3 Liquidity C e bontsha ho re besenese e ka kgona ho patala kaofela dikoloto tsa yona 3.1.4 Return on equity D e bontsha ho re ebe besenese e kgona ho patala kaofela dikoloto tsa nakwa (4 x 1) (4) 3.2 Profitability Qotsa o be o hlalose difinancial indicatorse tse PEDI tse bontshang ho re khampane e manager diexpensese tsa tsona hantle haholo. (4) 3.3 Liquidity Fana ka maano le mehopolo eo khampane e ka e sebedisang ho matlafatsa net working capital. Qotsa difinancial indicatorse tse PEDI. (6) 3.4 Financing strategies and gearing • Tshwaela ka hore khampane e sebedisa loane ka tsela e lokileng. Qotsa financial indicator e le NNGWE e nang le manane le ditrend. (4) • Debt-equity ratio ya khampane e decreasitse ho tloha ho 0,8 : 1 ho ya ho 0,6 : 1. Hlalosa mabaka a MABEDI a ka etsang ho re hona e be lebaka le entseng phethoho ena. (4) Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com 8 ACCOUNTING P1 (EC/LOETSE 2024) 3.5 Dividends, earnings and returns: • Tshwaela ka dividend pay-out policy ya khamphane. Fana ka mabaka a MABEDI hobaneng directorse di nkile qeto ya ho tjhentjha policy ka 2024. (4) • Hlalosa e be dishareholderse di tlameha ho kgotsofalla seo ba sefumanang ho investmente ya bona khampaneng. Qotsa financial indicator e le NNGWE e be le manane, tlhalosong ya hao. (4) • Khaletjhuleitha didividende tse fumanweng ke motswalle wa hao ya ounang dishare tse 40 000 khampaneng ka di 29 February 2024. (2) 3.6 Value of shares: CEO o batla ho rekisa dishare tse 60 000 a di busetsa morao ho khampane a direkise ka 1 250 cente share ka nngwe ka di 29 February 2024. Jwalo ka shareholder khampaneng, o ka nka bohato bofe tlasa qeto ee? Hlalosa o be o qotse financial indicator e le NNGWE. (4) 3.7 Shareholding: E ya ho tlhahisoleseding B: • Khaletjhuletha lenane la dishare tseo e bang John Khan o di rekileng ho dishare tse ntjha tse 250 000 ho tse rekisitsweng ka di 1 February 2024 ho dula a bolokile majorete steithase sa hae. (4) TLHAHISOLESEDING: A. Financial indicatorse tse khaletjhuleithiweng mafelong a selemo sa ditjhelete: 29 Feb. 2024 28 Feb. 2023 % operating expenses on sales 21,6% 23,2% % mark-up achieved 60% 50% % operating profit on sales 21% 19% Current ratio 2:1 1,9 : 1 Acid-test ratio 0,6 : 1 1,3 : 1 Average debtor’s collection period 42 days 29 days Average creditor’s payment period 60 days 56 days Debt-equity ratio 0,6 : 1 0,8 : 1 Earnings per share 70 cents 78 cents Dividends per share 72 cents 40 cents Dividend pay-out rate 103% 51% % return on shareholder’s equity 12,8% 11% % return on capital employed 19,8% 20,3% Interest on fixed deposit 8% 8% Interest on loan 13% 13% Nat asset value per share 950 cents 955 cents Market price per share at JSE 934 cents 968 cents B. Share Capital le shareholding ya John Khan: 29 Feb. 2024 28 Feb. 2023 Number ya dishare in issue ka di 28 February: ? 650 000 Disharese tse owunwang ke John Khan (50,1%) (51%) 40 Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 9 POTSO YA 4: COPORATE GOVERNANCE AND AUDITING (15 matshwao; 15 metsotso) O filwe articlele e tsamayelanang le Nicole Ltd. Sebedisa tlhahisoleseding eo o e nehilweng le kelello ya hao ya dikhampane ho araba dipotso. SEHLOKEHANG: 4.1 Hlalosa hobaneng Nicole Ltd a hloka diservice tsa internal le external auditors ka bobedi. (4) 4.2 Bontsha o be o hlalose accounting porencipole e violethuweng ke didirectorse tsa Nicole Ltd ha ba hlokomela revenue ha ho qala diaccounting periode. (2) 4.3 Hlalosa ho re ke eng corporate governance e bile ke hobaneng CEO ya mehleng, Peter Moore a sa itshwara ho ya ka molawana ona wa King Code. (4) 4.4 Ke mofuta o feng wa audit repote oo Nicole Ltd ao fumaneng ka 2023? Fana ka lebaka la karabo ya hao. (3) 4.5 Jwalo ka shareholder khampaneng, ke e feng tjantjello eo o ka bang le yona mabapi le se etsahetseng? Fana ka dintlha tse PEDI. (2) NICOLE LTD: KHAMPANE E LAHLEHETSWE KE DIMILIONE TSA DIRANTA KA LEBAKA LA HO HLOKA GOOD CORPORATE GORVENANCE Ka April 2023 Nicole Ltd o ile a announsa ho re difinancial results tsa bona tsa 2022 ha ho a buwa leshano. E ne e le kamora diexternal auditorse ho tswa ho Dion ba hlalositse ho re ha ba kgone ho expressa opinione ka reliability ya company’s Financial Statemente. Ba fumane diexecutivese tse 10, ho kenyeletsa le former CEO, Peter Moore, a inflathileng diprofete e le ho boosta financial incentives tsa bona e bontshitseng ho eketsa company’s equity ka R4,5 billion. Ho tse ding tsa dintho, bai le ba hlokomela revenue (income) maqalong a diaccounting periode jwalo ka ha e ne e tlamehile ho ba jwalo, ya ba ba fosa ka ho capitalised diexpensese ho diassete. Baphenyekolli ba Kuga ba hlokometse bothata bo kenyeletsang governance practices, record keeping, system usage le financial reporting. Nicole Ltd o kopile ho re phatlalatso ya bona e suspenduwe ho tshireletsa diinvestorse tsa bona ho speculative trading. JSE le yona ya suspenda phatlalatso ya bona (ha ho le ya moo ya rekileng kapa ho rekisa dishare) ho tloha ka di10 June 2023 ho ya ho ile. JSE ya qala thekisetsano ya dishare tsa Nicole ka February 2024, ya ba ba moahlola R7,5 million. Ho tloha moo, Nicole Ltd a hayaresha ZENTEC ho re e be internal auditor ya bona. Dion e ne e le Nicole’s external auditors ka dilemo tse fetang 15. [E qotsitswe from www.sharedata.co.za.] 15 PALO YOHLE: 150 Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.

Downloaded from hlayiso.com 10 ACCOUNTING P1 (EC/LOETSE 2024) GRADE 12 ACCOUNTING FINANCIAL INDICATOR FORMULA SHEET Gross profit x 100 Gross profit x 100 Sales 1 Cost of sales 1 Net profit before tax x 100 Net profit after tax x 100 Sales 1 Sales 1 Operating expenses x 100 Operating profit x 100 Sales 1 Sales 1 Total assets : Total liabilities Current assets : Current liabilities (Current assets – Inventories) : Current liabilities Non-current liabilities : Shareholders' equity (Trade and other receivables + Cash and cash equivalents) : Current liabilities Average trading stock x 365 Cost of sales Cost of sales 1 . Average trading stock (See Note 1 below) Average debtors x 365 Average creditors x 365 Credit sales 1 Cost of Sales 1 (See Note 2 below) Net income after tax x 100 Net income after tax x 100 Number of issued shares 1 Average shareholders' equity 1 (See Note 3 below) Net income before tax + Interest on loans x 100 Average shareholders' equity + Average non-current liabilities 1 Shareholders' equity x 100 Dividends for the year x 100 Number of issued shares 1 Number of issued shares 1 Interim dividends x 100 Final dividends x 100 Number of issued shares 1 Number of issued shares 1 Dividends per share x 100 Dividends for the year x 100 Earnings per share 1 Net income after tax 1 Total fixed costs . Selling price per unit – Variable costs per unit ELAHLOKO: 1. Trading stock mafelong a selemo sa ditjheletemay e ka sebediswa ha e batleha potsong. 2. Credit purchases e ka sebediswa bakeng sa cost of sales (manane a tla tshwana ha setoko se . . sa fetohet). 3. Ha ho na lephethoho ho dishare tse rekisitsweng mahareng a selemor, weighted-average . . namba ya dishare e ka sebediswa. Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla Hosted by www.ecexams.co.za.