Which of the following is not

required to be on the face of the

statement of profit or loss and other comprehensive income?

In line with the objective of financial reporting, the

information provided in financial reports must be useful to its users. This is

achieved through the application of qualitative characteristics. 

Required:

Which of the

following are the fundamental qualitative characteristics of useful financial

information?

The issued share capital of TLM (Pty) Ltd on 1 March 2024, consist of:

All the ordinary shares were originally issued at R5

each no additional shares were issued up to the beginning of the current

financial year.

During the current financial year ended on 28

February 2025, a further 35 000 ordinary shares were issued. At the end of

the current financial year the directors decided to make a capitalisation issue

of one ordinary share for every three ordinary shares held at R3 per share.

Required:

What

is the number of capitalisation shares issued during the 2025 financial year?

Occasionally

companies build up large reserves from their accumulated profits. To enable

shareholders to derive some tangible benefits from these reserves, the company

may decide to capitalise these reserves and distribute them among the

shareholders in the form of capitalisation shares.

The following

balances were taken from the books of Congo Ltd on 31 December 2024, the

financial year end of the company:

Included

in the capital structure above are the following transaction that took place

during the current financial year that ended on 31 December 2024:

• A capitalisation issue that the directors made on 1

  December 2024 of one ordinary share for every four shares held at R1,00 per

  share.

The directors of the company also

approved the following transactions during the year:

· 

The issue of 10 000 12% cumulative preferences

shares at R5 per share on 1 November 2024.

· 

Dividends on ordinary shares was declared at 10c

per share on 31 December 2024. No dividends were declared or paid

during the previous financial year.

REQUIRED: 

The rand value of the capitalisation

share issue to the shareholders, amounts to:

Both

the managing director and regional manager of Trail Ltd have the benefit of the

use of company cars which may also be used for private purposes. The total

benefit for the use per motor vehicle is estimated to be R350 000 per year

for each director, of which 35% is for private use and 65% for business

purposes. 

Required:

The total amount that should be disclosed in remuneration as other

benefits should be:

Koti Ltd underwrites 45% of an issue of 950 000 ordinary shares at R9

each in Pholo Ltd. The underwriting commission is 5% and the public takes

up 880 000 shares.

REQUIRED: 

Which

one of the following amounts will be the liability of the underwriter?

Protus

Ltd

Required:

Calculate the commission payable to Protus Ltd?