Abc Limited Year Ended 31 December 2000 Balance Sheet - Historical Cost Basis

BALANCE SHEET
ABC LIMITED
YEAR ENDED 31 DECEMBER 2000
BALANCE SHEET - HISTORICAL COST BASIS
2000
Z$000
1999
Z$000
188,952
10,251
3,584
103,562
4,196
0
202,787
107,758
89,122
98,533
448
41,964
63,439
105,925
0
53,175
230,067
222,539
432,854
330,297
Share capital
Share premium
Revaluation and other reserves
Revenue reserves
15,706
1,319
63,648
100,401
15,661
1,130
72,192
70,453
Shareholders' funds
181,074
159,436
29,109
0
4,032
22,867
2,588
0
33,141
25,455
144,414
18,611
14,135
41,031
448
83,753
840
5,638
55,175
0
218,639
145,406
432,854
330,297
ASSETS
Non Current Assets
Property, plant and equipment
Investments
Deferred asset
Current Assets
Stocks
Debtors
Deferred asset
Cash and deposits
TOTAL ASSETS
EQUITY AND LIABILITIES
Non Current Liabilities

Deferred taxation
Long-term loan
Retirement benefit obligations
Current Liabilities
Creditors
Current taxation
Dividends
Short-term borrowings
TOTAL EQUITY AND LIABILITIES
INCOME STATEMENT
ABC LIMITED
INCOME STATEMENT - HISTORICAL COST BASIS
Jan
Z$000
Feb
Z$000
Mar
Z$000
Apr
Z$000
May
Z$000
Jun
Z$000
Jul
Z$000
Aug
Z$000
Sep
Z$000
Oct
Z$000
Nov
Z$000
Dec
Z$000
Total
Z$000
Turnover
42,949
63,967
59,745
34,602
53,164
49,620
45,049
46,982
54,290
50,848
51,784
37,987
590,987
Cost of sales
(25,986)
(47,973)
(49,054)
(23,099)
(37,640)
(39,047)
(36,237)
(46,329)
(32,634)
(37,391)
(32,616)
(19,148)
(427,154)
Increase in WIP and FG
(8,121)
(1,789)
4,227
(1,758)
(1,517)
3,680
2,508
9,777
(7,613)
(2,218)
(7,061)
(6,970)
(16,855)
Depreciation expense
(1,092)
(1,092)
(1,092)
(1,092)
(1,092)
(1,092)
(1,092)
(1,092)
(1,092)
(1,128)
(1,096)
(1,108)
(13,160)
GROSS PROFIT
7,750
13,113
13,826
8,653
12,915
13,161
10,228
9,338
12,951
10,111
11,011
10,761
133,818
(571)
1,306
106
1,083
(158)
2,524
207
396
1,049
1,240
521
2,467
10,170
Distribution expenses
(2,058)
(2,885)
(2,432)
(2,195)
(2,813)
(4,196)
(2,560)
(2,214)
(3,213)
(3,067)
(3,218)
(3,142)
(33,993)
Administration expenses
(2,421)
(2,894)
(3,136)
(2,567)
(3,310)
(4,279)
(3,134)
(3,138)
(4,084)
(3,892)
(4,021)
(6,924)
(43,800)
(235)
(230)
(229)
(228)
(227)
(221)
(219)
(217)
(187)
(370)
(286)
(191)
(2,840)
OPERATING PROFIT
2,465
8,410
8,135
4,746
6,407
6,989
4,522
4,165
6,516
4,022
4,007
2,971
63,355
Net finance costs
(1,907)
(1,050)
(1,583)
(1,040)
(1,116)
(447)
(885)
1,366
5,775
284
1,219
1,973
2,589
PROFIT BEFORE TAXATION
558
7,360
6,552
3,706
5,291
6,542
3,637
5,531
12,291
4,306
5,226
4,944
65,944
Income tax
(128)
(1,704)
(2,437)
(858)
(1,225)
(2,501)
(735)
(1,365)
(4,230)
(1,277)
(1,535)
(1,456)
(19,451)
2,302
2,302
5,790
48,795
Other operating income
Deferred taxation
PROFIT AFTER TAXATION
430
5,656
4,115
2,848
4,066
4,041
2,902
4,166
8,061
3,029
3,691
STATEMENT OF CHANGES
IN EQUITY
ABC LIMITED
STATEMENT OF CHANGES IN EQUITY- HISTORICAL COST BASIS
Share
Capital
Z$000
Share
Premium
Z$000
Revaluation and
Other Reserves
Z$000
Retained
Earnings
Z$000
15,661
1,130
72,192
70,453
159,436
Net profit for the year
48,795
48,795
Dividend for the year
(18,847)
(18,847)
Balance at 1 January 2000
Deferred taxation
Issue of share capital
Balance at 31 December 2000
(8,544)
45
189
15,706
1,319
Total
Z$000
(8,544)
234
63,648
100,401
181,074
CASH FLOW STATEMENT

ABC LIMITED
CASHFLOW STATEMENT- HISTORICAL COST BASIS
2000
Z$000
CASH FLOW S FROM OPERATING ACTIVITIES
Net profit before taxation and interest
63,355
Adjustments for:
Depreciation
Profit on sale of property, plant and equipment
Operating profit before working capital changes
Increase in stocks
Decrease in debtors
Increase in creditors
Cash generated from operations
Income taxes paid
Interest paid
Net cash generated from operating activities
16,000
(739)
448
79,064
(25,683)
7,392
60,661
121,434
(1,680)
(10,750)
109,004
CASH FLOW S UTILISED IN INVESTING ACTIVITIES

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of investment
Interest received
Net cash utilised in investing activities
(101,444)
793
(6,055)
13,339
(93,367)
CASH FLOW S UTILISED IN FINANCING ACTIVITIES

Proceeds from issue of share capital
Loans repaid
Dividends paid
234
(5,175)
(10,350)
Net cash utilised in financing activities
(15,291)
Net increase in cash and cash equivalents
346
Cash and cash equivalents at 1 January 2000
3,175
Cash and cash equivalents at 31 December 2000
3,521
Re pre se nte d by:

Cash and deposits
Short term borrowings
41,964
(38,443)
3,521
NON-MONETARY ASSETS AND

LIABAILITIES IDENTIFICATION
ABC LIMITED
BALANCE SHEET - CURRENT COST BASIS
Ide ntifica tion
ASSETS
Non Curre nt Asse ts
Investments
Deferred asset
Non-mone ta ry
Non-mone ta ry
Mone ta ry
Curre nt Asse ts
Stocks
Debtors
Deferred asset
Cash and deposits
Non-mone ta ry
Both
Mone ta ry
Mone ta ry
TOTAL ASSETS
Share capital
Share premium
Adjustment to share capital
Revenue reserves
Non-mone ta ry
Non-mone ta ry
Non-mone ta ry
Both
Shareholders' funds
Non Curre nt Lia bilitie s
Deferred taxation
Long-term loan
Both
Mone ta ry
Mone ta ry
Curre nt Lia bilitie s

Creditors
Current taxation
Dividends
Both
Mone ta ry
Mone ta ry
Mone ta ry
Mone ta ry
PROPERTY, PLANT & EQUIPMENT

ABC LIMITED
PROPERTY, PLANT AND EQUIPMENT- HISTORICAL COST BASIS
Net book value at 1 January 2000
Land Buildings
Total
Z$000
Z$000
888
Office Plant and Motor

Capital
Revaluations
equipment machinery vehicles work--in-progress
Z$000
Z$000
Z$000
Z$000
Z$000
Z$000
1,530
42,223
2,568
Additions
1,223
4,730
6,663
88,828
Disposals
(54)
Depreciation
Net book value 31 December 2000
888
1,834
54,519
103,562
101,444
(54)
(71)
(775)
(5,349)
(1,060)
1,763
1,924
41,604
8,171
88,828
(8,745)
(16,000)
45,774
188,952
PROPERTY, PLANT AND

EQUIPMENT REGISTER
PROPERTY, PLANT AND EQUIPMENT- CURRENT COST BASIS
Net book value at 1 January 2000
Land Buildings Office Plant and Motor

Capital
Revaluations
equipment machinery vehicles work--in-progress
Z$000 Z$000
Z$000
Z$000
Z$000
Z$000
Z$000
Z$000
19,870
2,183
187,258
3,441
248,432
Additions
1,383
5,351
7,537
88,828
103,099
Disposals
(287)
Depreciation
Net book value 31 December 2000
19,870
35,679
Total
(287)
(1,592)
(999)
(29,519)
(1,461)
34,087
2,280
163,089
9,517
(33,571)
88,828
317,673
PROPERTY, PLANT AND

EQUIPMENT REGISTER
ABC LIMITED
PROPERTY, PLANT AND EQUIPMENT REGISTER
HISTOICAL COST BASIS

Category
CURRENT COST BASIS

Depn
Rate
%
Description
Indexation
Factor
Cost
$
Depn
2000
$
Depn
Total
$
Net Book
Value
$
Indexation
Factor
Cost
$
Depn
2000
$
Depn
Total
$
Net Book
Value
$
LAND
Purchases 1945
888
888
888
888
180.030
159,867
159,867
Market value per Richard Ellis
159,867
159,867
19,870
19,870
BUILDINGS
Full
Purchases 1945
454
2.5
Purchases 1975
347
454
180.030
81,734
234
113
60.933
21,144
529
2.5
Purchases 1980
2.5
Purchases 1987
2.5
Purchases 1989
2.5
Purchases 1990
13,744
7,400
277
147
130
39.344
10,898
272
5,722
5,176
892
22
308
584
15.864
14,151
354
4,953
9,198
1,078
27
324
754
13.487
14,539
363
4,362
10,177
11.882
248
66
182
3,296
71
1,533
1,763
Market value per Richard Ellis
81,734
(0)
2,947
74
810
2,137
145,412
1,592
111,325
34,087
45,000
45,000
OFFFICE EQUIPMENT
Full
Purchases 1991
269
269
9.637
2,592
2,592
Full
Purchases 1992
177
177
6.782
1,200
1,200
Full
Purchases 1993
287
287
5.314
1,525
1,525
Full
Purchases 1994
146
146
4.346
635
635
(0)
Full
Purchases 1995
204
204
3.546
723
723
Full
Purchases 1996
257
257
2.920
750
750
Full
Purchases 1997
333
333
2.457
818
818
33
Purchases 1998
415
138
355
60
1.859
771
257
661
110
33
Purchases 1999
1,410
470
602
808
1.177
1,659
553
685
974
33
Purchases 2000
1,223
167
167
1,056
1.131
1,383
189
189
1,194
4,721
775
2,797
1,924
12,058
999
9,778
2,280
PROPERTY, PLANT AND

EQUIPMENT REGISTER
ABC LIMITED
PROPERTY, PLANT AND EQUIPMENT REGISTER
CURRENT COST BASIS
Ca te gory
De pn
Ra te
%
PLANT AND MACHINERY
De scription
Inde x a tion
Fa ctor
Cost
$
De pn
2000
$
De pn
Tota l
$
Ne t Book
Va lue
$
Inde x a tion
Fa ctor
Cost
$
De pn
2000
$
De pn
Tota l
$
Purchases 1980
1,929
1,929
39.344
75,895
Purchases 1984
2,112
107
1,827
285
22.127
46,731
2,368
Purchases 1985
2,003
118
1,884
119
20.139
40,338
2,376
37,942
2,396
Purchases 1987
11,094
597
8,357
2,737
15.864
175,993
9,471
132,574
43,419
Purchases 1991
759
71
705
54
9.637
7,314
684
6,842
472
Purchases 1992
2,936
187
1,682
1,254
6.782
19,912
1,268
11,414
8,498
Purchases 1993
11,397
794
6,349
5,048
5.314
60,563
4,219
33,754
26,809
Purchases 1994
6,177
490
3,428
2,749
4.346
26,845
2,130
14,907
11,938
Purchases 1995
353
19
112
241
3.546
1,252
67
404
847
2.920
2,669
10,675
21,847
2.457
79,906
Purchases 1996
32,522
75,896
Ne t Book
Va lue
$
40,425
(0)
6,306
6,558
26,231
53,675
Purchases 1997
Purchases 1998
702
44
131
571
1.859
1,305
82
245
1,059
10
Purchases 1999
2,231
223
232
1,999
1.177
2,626
262
273
2,352
Purchases 2000
4,730
30
30
4,700
1.131
5,351
34
34
5,317
78,945
5,349
37,341
41,604
544,032
29,519
380,942
163,089
MOTOR VEHICLES
Full
Purchases 1992
469
469
6.782
3,181
3,181
(0)
Full
Purchases 1993
423
423
5.314
2,248
2,248
(0)
Full
Purchases 1994
125
125
4.346
543
543
Full
Purchases 1995
430
430
3.546
1,525
1,525
Full
Purchases 1996
1,716
1,716
2.920
5,011
25
Purchases 1997
620
504
116
2.457
1,523
25
Purchases 1998
162
41
95
67
1.859
25
Purchases 1999
2,428
607
846
1,582
1.177
25
Purchases 2000
1.131
155
6,663
257
257
6,406
13,036
1,060
4,865
8,171
5,011
0
(0)
(0)
381
1,239
284
301
75
176
125
2,858
714
995
1,863
7,537
291
291
7,246
24,726
1,461
15,209
9,517
CAPITAL W ORK-IN-PROGRESS
None
Building
27,919
27,919
1.000
27,919
27,919
None
Plant and machinery
60,909
60,909
1.000
60,909
60,909
88,828
88,828
88,828
88,828
NON CURRENT ASSETS

ABC LIMITED
NON CURRENT ASSETS- CURRENT COST BASIS
Category
Date of
Acquisition
Description
Historic
Cost
Z$000
Conversion
Factor
Current
Cost
Z$000
Market
Value
Z$000
Investments - Non monetary

Associate
Oct-94
Acquistion of XYZ Limited
4,196
4.346
18,236
Associate
Mar-00
Acquistion of XYZ Limited
6,055
1.281
7,758
10,251
25,994
20,000
3,584
3,584
3,584
13,835
29,578
23,584
Deferred Asset - Monetary

Pension obligation
Dec-99
CPI - 31 December 2000
Pension defecit
1,188.2
CPI - 31 October 1994
273.4
Conversion Factor
4.346
1,188.2
CPI - 31 March 2000
927.4
Conversion Factor
1.281
CURRENT ASSETS
ABC LIMITED
CURRENT ASSETS- HISTORICAL COST BASIS
Se p
Z$000
Oct
Z$000
Nov
Z$000
De c
Z$000
Tota l
Z$000
Stocks - Non mone ta ry

Raw materials and consumeables
4,001
W ork-in-progress
Finished goods
21,618
25,619
17,633
17,633
11,921
13,559
4,772
13,698
43,950
435
495
174
816
1,920
12,356
14,054
8,947
53,765
89,122
4,204
22,035
26,240
17,973
17,973
Depreciation in wip and finished goods
CURRENT ASSETS- CURRENT COST BASIS

Stocks - Non mone ta ry
Raw materials and consumeables
W ork-in-progress
Finished goods
13,485
14,759
5,015
13,962
47,221
913
1,039
365
1,712
4,029
14,398
15,797
9,584
55,683
95,462
1,188.2
1,188.2
1,188.2
1,188.2
1,188.2
CPI - Relevant month
1,050.4
1,091.6
1,130.7
1,165.7
1,188.2
1.131
1.088
1.051
1.019
1.000
Depreciation in wip and finished goods
Conversion Factor
CURRENT ASSETS
ABC LIMITED
CURRENT ASSETS- HISTORICAL COST BASIS
1995
Z$000
1996
Z$000
1997
Z$000
Jun
Z$000
Jul
Z$000
Aug
Z$000
Sep
Z$000
Oct
Z$000
Nov
Z$000
Dec
Z$000
Total
Z$000
Debtors - Monetary and Non monetary

Trade
1,887
5,661
11,322
8,308
Other
Prepaid expenses
260
75
75
16,561
34,280
91,540
304
457
1,075
1,836
620
955
Fellow subsidiaries
260
13,521
620
2,504
1,698
4,202
1,887
5,661
13,826
10,006
13,825
17,018
35,355
98,533
1,887
5,661
11,322
8,308
13,521
16,561
34,280
91,540
304
457
1,075
1,836
CURRENT ASSETS- CURRENT COST BASIS

Debtors - Monetary and Non monetary
Trade
Other
Prepaid expenses
922
219
1,523
2,664
Fellow subsidiaries
922
219
1,523
1,188.2
1,188.2
1,188.2
1,188.2
CPI - Relevant year
785.9
335.1
406.9
483.6
Conversion Factor
1.512
3.546
2.920
2.457
1,887
5,661
2,504
1,698
13,826
10,006
4,202
13,825
17,018
35,355
100,242
NON-CURRENT LIABILITIES
ABC LIMITED
NON CURRENT LIABILITIES- CURRENT COST BASIS
DEFERRED TAXATION
At
Charge to
At
1 January 2000 Income Statement 31 December 2000
Z$000
Z$000
Z$000
Deferred income tax liabilities
Accelerated tax depreciation
3,503
3,860
7,363
Investments
4,914
(1,399)
3,515
67,337
(15,294)
52,042
8,316
(5,373)
2,943
84,070
(18,207)
65,863
(7,103)
7,103
76,967
(11,104)
65,863
Asset indexation
Other temporary differences
Deferred income tax assets

Tax loss carry forwards
CURRENT LIABILITIES
ABC LIMITED
CURRENT LIABILITIES- HISTORICAL COST BASIS
Sep
Z$000
Oct
Z$000
Nov
Z$000
Dec
Z$000
Total
Z$000
Creditors - Monetary and Non Monetary

Trade
3,205
Other
Accrued income
Fellow subsidiaries
57,302
6,862
67,369
3,580
26,851
30,431
537
1,074
1,611
2,148
5,370
37,874
907
1,780
683
41,244
38,411
5,186
64,273
36,544
144,414
CURRENT LIABILITIES- CURRENT COST BASIS
Sep
Z$000
Oct
Z$000
Nov
Z$000
Dec
Z$000
Total
Z$000
Creditors
Trade
3,205
Other
Accrued income
57,302
6,862
67,369
3,580
26,851
30,431
607
1,169
1,693
2,189
5,659
37,874
907
1,780
683
41,244
38,481
5,281
64,355
36,585
144,703
1,188.2
1,188.2
1,188.2
1,188.2
1,188.2
1,050.4
1,091.6
1,130.7
1,165.7
1,188.2
1.131
1.088
1.051
1.019
1.000
Fellow subsidiaries
Conversion Factor
INCOME STATEMENT
ABC LIMITED
INCOME STATEMENT - CURRENT COST BASIS
Jan
Z$000
Turnover
Cost of sales
Feb
Z$000
Mar
Z$000
Apr
Z$000
May
Z$000
Jun
Z$000
Jul
Z$000
Aug
Z$000
Sep
Z$000
Oct
Z$000
Nov
Z$000
88,399
76,546
43,383
65,719
60,180
52,120
53,145
59,094
53,434
52,784
37,987
707,727
(39,288)
(66,296)
(62,849)
(28,961)
(46,529)
(47,357)
(41,925)
(52,407)
(35,522)
(39,292)
(33,246)
(19,148)
(512,820)
4,100
Total
Z$000
64,934
GROSS PROFIT
Dec
Z$000
(27,612)
25,646
(863)
22,103
13,697
14,422
1,805
136
1,358
19,190
(195)
12,823
10,195
739
23,572
14,141
19,538
3,061
239
448
1,142
1,303
531
(4,673)
4,100
(27,612)
171,394
2,467
11,431
(3,111)
(3,987)
(3,116)
(2,752)
(3,477)
(5,089)
(2,962)
(2,504)
(3,497)
(3,223)
(3,280)
(3,142)
(40,141)
(3,660)
(3,999)
(4,018)
(3,218)
(4,092)
(5,190)
(3,626)
(3,550)
(4,445)
(4,090)
(4,099)
(6,924)
(50,911)
(5,959)
(5,959)
OPERATING PROFIT
18,011
15,921
Net finance costs
(2,883)
(1,451)
6,699
9,810
(2,028)
(1,304)
11,426
(1,380)
5,606
(542)
3,847
(4,868)
(1,024)
1,545
16,772
8,132
12,690
6,286
298
1,243
Diminution in value of investment

Monetary loss
PROFIT BEFORE TAXATION
Income taxation
15,128
(194)
14,470
(2,355)
4,671
8,506
(3,122)
(1,076)
10,046
(1,514)
5,064
(3,033)
2,823
(850)
(3,322)
23,058
(1,544)
(4,604)
8,430
13,933
(1,342)
(1,565)
Deferred taxation
PROFIT AFTER TAXATION
1,973
12,116
1,549
7,430
8,532
2,030
1,973
1,188.2
1,188.2
1,188.2
1,188.2
1,188.2
1,188.2
1,188.2
785.9
859.8
927.4
947.7
961.2
979.7
Conversion Factor
1.512
1.382
1.281
1.254
1.236
1.213
(4,866)
733
(5,994)
(66,745)
(66,745)
(88,997)
13,810
(1,456)
18,453
7,088
12,368
(79,349)
1,188.2
1,188.2
1,188.2
1,188.2
1,188.2
1,027.0
1,050.4
1,091.6
1,130.7
1,165.7
1,188.2
1.157
1.131
1.088
1.051
1.019
1.000
85,815
(5,994)
11,104
14,935
(18,231)
(22,655)
11,104
2,258
STATEMENT OF MONETARY LOSS

ABC LIMITED
STATEMENT OF MONETARY LOSS
Historical
Z$000
Net monetary assets at 1 January 2000
Restated
Z$000
10,151
15,931
590,987
707,727
10,170
11,431
2,589
733
234
284
Add:
Turnover
Net finance costs
Disposal of property, plant and equipment
Accrued income
54
287
5,370
5,659
Decrrease in WIP and FG
3,988
609,404
730,109
(452,837)
(508,608)
Deduct:
Materials purchased
(16,855)
(33,993)
(40,141)
(43,800)
(50,911)
Taxation
(19,451)
(22,655)
Dividends
(18,847)
(19,850)
(101,444)
(103,099)
(6,055)
(7,758)
(693,282)
(753,022)

Net historical monetary assets

at 31 December 2000
Net monetary assets restated at 31 December 2000
(as if there was no monetary loss)
(73,727)
(6,982)
Net historical monetary assets at 31 December 2000
73,727
Monetary loss
66,745
STATEMENT OF MONETARY
ASSETS AND LIABILITIES
ABC LIMITED
STATEMENT OF MONETARY ASSETS AND LIABILITIES
1999
Z$000
2000
Z$000

MONETARY ASSETS
Deferred asset
Debtors
Deferred asset
Cash and deposits
0
104,970
0
53,175
3,584
97,578
448
41,964
158,145
143,574
2,588
0
83,753
840
5,638
55,175
0
0
4,032
139,044
18,611
14,135
41,031
448
147,994
217,301
MONETARY LIABILITIES
Long-term loan
Creditors
Current taxation
Dividends
NET MONETARY ASSETS/(LIABILITIES)
10,151
(73,727)
CURRENT COST BASIS

MONETARY ASSETS
Deferred asset
Debtors
Deferred asset
Cash and deposits
0
164,741
0
83,453
3,584
97,578
448
41,964
248,194
143,574
4,062
0
131,443
1,318
8,848
86,592
0
0
4,032
139,044
18,611
14,135
41,031
448
232,263
217,301
MONETARY LIABILITIES
Long-term loan
Creditors
Current taxation
Dividends
NET MONETARY ASSETS
15,931
(73,727)
Raw materials
26,352
26,240
Work-in-progress
Finished goods
27,979
45,230
17,973
51,249
73,210
69,222
99,562
95,462
INVENTORIES
STATEMENT OF CHANGES
IN EQUITY
ABC LIMITED
STATEMENT OF CHANGES IN EQUITY- CURRENT COST BASIS
Share
Capital
Z$000
Share
Premium
Z$000
Adjustments to
Share Capital
Z$000
Retained
Earnings
Z$000
15,661
2,728
279,862
9,607
307,858
Net profit for the year
2,258
2,258
Dividend for the year
(19,850)
(19,850)
Balance at 1 January 2000
Deferred taxation
Total
Z$000

Balance at 31 December 2000
45
229
10
15,706
2,957
279,872
Historic
Cost
Z$000
Convertion
Factor
284
(7,985)
290,550
DIVIDENDS
Current
Cost
Z$000
Interim
Jun-00
4,712
1.213
5,715
Final
Dec-00
14,135
1.000
14,135
18,847
19,850
1,188.2
CPI - 30 June 2000
979.7
Conversion Factor
1.213
BALANCE SHEET - RESTATEMENT

ABC LIMITED
BALANCE SHEET - RESTATEMENT TO CURRENT COST BASIS
1999
Z$000
Conversion
Factor
Restatement
Z$000
ASSETS
Non Current Assets
Investments
Deferred asset
103,562
4,196
0
See Property, plant and equipment

See Non Current Assets
107,758
248,432
18,236
0
266,668
Current Assets
Stocks
Debtors
Prepaid expenses
Deferred asset
Cash and deposits
TOTAL ASSETS
63,439
104,970
955
0
53,175
1.569
1.569
See Current Assets
1.569
99,562
164,741
2,664
0
83,453
222,539
350,420
330,297
617,088

Share capital
Share premium
Revaluation and other reserves
Adjustments to share capital
Revenue reserves
Shareholders' funds
15,661
1,130
72,192
0
70,453
See Statement of Changes in Equity

"
"
"
"
159,436
15,661
2,728
0
279,862
9,607
307,858

Deferred taxation
Long-term loan
22,867
2,588
0
See Deferred Tax Calculation

1.569
25,455
76,967
4,062
0
81,029
Current Liabilities
Creditors
Current taxation
Dividends
83,753
840
5,638
55,175
0
1.569
1.569
1.569
1.569
131,443
1,318
8,848
86,592
0
145,406
228,202
330,297
617,088
1,188.2
757.1
Conversion Factor
1.569
BALANCE SHEET
ABC LIMITED
BALANCE SHEET - CURRENT COST BASIS
Identification
2000
Z$000
1999
Z$000
Non-monetary
Non-monetary
Monetary
317,673
20,000
3,584
248,432
18,236
0
341,257
266,668
95,462
100,242
448
41,964
99,562
167,405
0
83,453
238,117
350,420
579,373
617,088
15,706
2,957
279,872
(7,985)
15,661
2,728
279,862
9,607
290,550
307,858
65,863
0
4,032
76,967
4,062
0
69,895
81,029
144,703
18,611
14,135
41,031
448
131,443
1,318
8,848
86,592
0
218,928
228,202
579,373
617,088
ASSETS
Non Current Assets
Investments
Deferred asset
Current Assets
Stocks
Debtors
Deferred asset
Cash and deposits
Non-monetary
Both
Monetary
Monetary
TOTAL ASSETS
Share capital
Share premium
Adjustment to share capital
Revenue reserves
Non-monetary
Non-monetary
Non-monetary
Both
Shareholders' funds
Deferred taxation
Long-term loan
Both
Monetary
Monetary
Current Liabilities
Creditors
Current taxation
Dividends
Both
Monetary
Monetary
Monetary
Monetary
CASH FLOW STATEMENT

ABC LIMITED
CASHFLOW STATEMENT- CURRENT COST BASIS
2000
Z$000
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit before taxation and interest
19,071
Adjustments for:
Depreciation
Profit on sale of property, plant and equipment
33,571
(506)
448
Operating profit before working capital changes
52,584
Decrease in stocks
Decrease in debtors
Increase in creditors
4,100
67,163
13,260
Cash generated from operations

Income taxes paid
Interest paid
Net cash generated from operating activities
137,107
(5,362)
131,745
CASH FLOWS UTILISED IN INVESTING ACTIVITIES

Proceeds from sale of property, plant and equipment
Net Interest received
(103,099)
793
(7,758)
733
Net cash utilised in investing activities
(109,331)
CASH FLOWS UTILISED IN FINANCING ACTIVITIES

Proceeds from issue of share capital
Loans repaid
Dividends paid
284
(9,595)
(14,563)
Net cash utilised in financing activities
(23,874)
Net increase in cash and cash equivalents
(1,460)
Cash and cash equivalents at 1 January 2000
4,981
Cash and cash equivalents at 31 December 2000
3,521
Represented by:
Cash and deposits
Short term borrowings
41,964
(38,443)
3,521

Abc Limited Year Ended 31 December 2000 Balance Sheet - Historical Cost Basis

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Abc Limited Year Ended 31 December 2000 Balance Sheet - Historical Cost Basis

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BALANCE SHEET

Non Current Liabilities

TOTAL EQUITY AND LIABILITIES

Increase in WIP and FG

Net finance costs

PROFIT BEFORE TAXATION

Other operating income

Net profit for the year

Dividend for the year

Balance at 1 January 2000

CASH FLOW STATEMENT

CASH FLOW S UTILISED IN INVESTING ACTIVITIES

CASH FLOW S UTILISED IN FINANCING ACTIVITIES

Net cash utilised in financing activities

Net increase in cash and cash equivalents

Cash and cash equivalents at 1 January 2000

Cash and cash equivalents at 31 December 2000

Re pre se nte d by:

NON-MONETARY ASSETS AND

Ide ntifica tion

Curre nt Lia bilitie s

PROPERTY, PLANT & EQUIPMENT

Net book value at 1 January 2000

Office Plant and Motor

PROPERTY, PLANT AND

Net book value at 1 January 2000

Land Buildings Office Plant and Motor

PROPERTY, PLANT AND

HISTOICAL COST BASIS

CURRENT COST BASIS

Market value per Richard Ellis

Market value per Richard Ellis

PROPERTY, PLANT AND

HISTOICAL COST BASIS

CURRENT COST BASIS

Plant and machinery

NON CURRENT ASSETS

Investments - Non monetary

Acquistion of XYZ Limited

Acquistion of XYZ Limited

Deferred Asset - Monetary

CPI - 31 December 2000

CPI - 31 October 1994

CPI - 31 December 2000

CPI - 31 March 2000

Stocks - Non mone ta ry

Depreciation in wip and finished goods

CURRENT ASSETS- CURRENT COST BASIS

CPI - 31 December 2000

CPI - Relevant month

Depreciation in wip and finished goods

Debtors - Monetary and Non monetary

CURRENT ASSETS- CURRENT COST BASIS

CPI - Relevant year

CPI - 31 December 2000

Deferred income tax assets

Creditors - Monetary and Non Monetary

CURRENT LIABILITIES- CURRENT COST BASIS

CPI - 31 December 2000

CPI - Relevant month

Other operating income

Increase in WIP and FG