APPLE LTD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20.11 Notes ASSETS Non-current assets ............................................................................................... R 2 780 000 Property, plant and equipment ............................................................................. 1 Financial assets (25 000 + 20 000) ........................................................................ 2 735 000 45 000 Current assets ....................................................................................................... 1 033 300 Inventories ............................................................................................................... Trade and other receivables ................................................................................... Financial assets ...................................................................................................... 380 500 627 200 21 000 Deferred expenses .................................................................................................. 4 600 Total assets ........................................................................................................... 3 813 300 APPLE LTD NOTES FOR THE YEAR ENDED 31 DECEMBER 20.11 1. Property, plant and equipment Land Buildings Motor vehicles Crane Equipment Total Carrying amount 1/1/20.11 R 380 000 R - R 420 000 R 360 000 R 240 000 R 1 400 000 Cost Accumulated depreciation 380 000 - - - 700 000 (280 000) 480 000 (120 000) 360 000 (120 000) 1 920 000 (520 000) Depreciation Additions to cost Disposals at carrying amount Depreciation capitalised Revaluation - - - - 420 000* - 960 000 - 40 000 - (143 000) 90 000 (24 000) - - (56 000) - - (40 000) - (62 000) 150 000 - - - (261 000) 1 200 000 (24 000) - 420 000 Carrying amount 31/12/20.11 800 000 1000 000 343 000 264 000 328 000 2 735 000 Cost/Valuation Accumulated depreciation 800 000 - 1000 000 - 730 000 (387 000) 480 000 (216 000) 510 000 (182 000) 3 520 000 (785 000) *Balancing figure The company employed an accredited independent sworn appraiser, Mr. S Coetzee to determine the fair value of land. The date of the revaluation was 31 December 20.11.
Question
APPLE LTD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20.11 Notes ASSETS Non-current assets ............................................................................................... R 2 780 000 Property, plant and equipment ............................................................................. 1 Financial assets (25 000 + 20 000) ........................................................................ 2 735 000 45 000 Current assets ....................................................................................................... 1 033 300 Inventories ............................................................................................................... Trade and other receivables ................................................................................... Financial assets ...................................................................................................... 380 500 627 200 21 000 Deferred expenses .................................................................................................. 4 600 Total assets ........................................................................................................... 3 813 300 APPLE LTD NOTES FOR THE YEAR ENDED 31 DECEMBER 20.11
- Property, plant and equipment Land Buildings Motor vehicles Crane Equipment Total Carrying amount 1/1/20.11 R 380 000 R
R 420 000 R 360 000 R 240 000 R 1 400 000 Cost Accumulated depreciation 380 000
700 000 (280 000) 480 000 (120 000) 360 000 (120 000) 1 920 000 (520 000) Depreciation Additions to cost Disposals at carrying amount Depreciation capitalised Revaluation
420 000*
960 000
40 000
(143 000) 90 000 (24 000)
(56 000)
(40 000)
(62 000) 150 000
(261 000) 1 200 000 (24 000)
420 000 Carrying amount 31/12/20.11
800 000 1000 000 343 000 264 000 328 000 2 735 000 Cost/Valuation Accumulated depreciation 800 000
1000 000
730 000 (387 000) 480 000 (216 000) 510 000 (182 000) 3 520 000 (785 000) *Balancing figure The company employed an accredited independent sworn appraiser, Mr. S Coetzee to determine the fair value of land. The date of the revaluation was 31 December 20.11.
Solution
Sure, I can do that. However, you haven't asked a specific question about the text. Could you please provide more details or ask a specific question about the financial statement of Apple Ltd?
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APPLE LTD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20.11 Notes ASSETS Non-current assets ............................................................................................... R 2 780 000 Property, plant and equipment ............................................................................. 1 Financial assets (25 000 + 20 000) ........................................................................ 2 735 000 45 000 Current assets ....................................................................................................... 1 033 300 Inventories ............................................................................................................... Trade and other receivables ................................................................................... Financial assets ...................................................................................................... 380 500 627 200 21 000 Deferred expenses .................................................................................................. 4 600 Total assets ........................................................................................................... 3 813 300 APPLE LTD NOTES FOR THE YEAR ENDED 31 DECEMBER 20.11 1. Property, plant and equipment Land Buildings Motor vehicles Crane Equipment Total Carrying amount 1/1/20.11 R 380 000 R - R 420 000 R 360 000 R 240 000 R 1 400 000 Cost Accumulated depreciation 380 000 - - - 700 000 (280 000) 480 000 (120 000) 360 000 (120 000) 1 920 000 (520 000) Depreciation Additions to cost Disposals at carrying amount Depreciation capitalised Revaluation - - - - 420 000* - 960 000 - 40 000 - (143 000) 90 000 (24 000) - - (56 000) - - (40 000) - (62 000) 150 000 - - - (261 000) 1 200 000 (24 000) - 420 000 Carrying amount 31/12/20.11 800 000 1000 000 343 000 264 000 328 000 2 735 000 Cost/Valuation Accumulated depreciation 800 000 - 1000 000 - 730 000 (387 000) 480 000 (216 000) 510 000 (182 000) 3 520 000 (785 000) *Balancing figure The company employed an accredited independent sworn appraiser, Mr. S Coetzee to determine the fair value of land. The date of the revaluation was 31 December 20.11.
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