Compute the amount of shareholders equity on Gold Fields balance sheet at the end of

QUESTION

Balance sheet relations. The balance sheet of Gold Fields Limited, a South African gold mining company, for the year ended June 30, 2007, showed current assets of R6,085.1, noncurrent assets of R49,329.8, noncurrent liabilities of R13,948.4, and current liabilities of R4,360.1. Gold Fields reports all amounts in millions of South African Rand (R). Compute the amount of shareholders equity on Gold Fields balance sheet at the end of 2007.
Amount of shareholders equity on Gold Fields balance sheet at the end of 2007 = current assets noncurrent assets noncurrent liabilities current liabilities Amount of

rs equity on Gold Fields balance sheet at the end of 2007 =R6,085.1 R49,329.8 -R13,948.4 -R4,360.1 millions = R37,106.4

ANSWER:

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