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QUESTIONS 8.2 Maraisane Limited commenced the retail business on 1 January 20.15. Maraisane Limited's Statement of Financial Position disclosed an investment account of R310 000 on 31 December 20.15, comprising of the following: 1.Modise R40000 20000 Ordinary shares in Modise Limited were purchased for speculative purpose. The total issued share capital of Modise Limited consists of 200000 ordinary shares. The shares are traded on the JSE Ltd and the market value on 31 December 20.15 was R3.50 per share. 2.Booi R100000 25000 Ordinary shares in Booi Limited were acquired at cost. The total issued ordinary share capital of Booi Limited was 100000 shares. The investment is designated as a financial asset at fair value through other comprehensive income. The shares were traded on the JSE at R6.00 per share on 31 December 20.15. 3.Boikie R80 000 A loan was issued to Boikie Limited on 1 January 20.15 . The conditions of the agreement are as follows: - Loan is payable in half-yearly instalment of R15261 in arrears on 30 June and 31 December each year until 31 December 20.17. - Interest rate is 4.0% per annum. Additional information No adjustments for the increase in value of investments have yet been made in the accounting records for the current financial year. REQUIRED 1. Prepare the asset section of the Statement of Financial Position of Maraisane Limited as at 31 December 20.15 in accordance with the requirements of International Financial Reporting Standards. 2. Disclose the following notes to the financial statements of Maraisane Limited for the year ended 31 December 20.15 in accordance with the requirements of International Financial Reporting Standards: - Financial assets - Profit before tax

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