### Statement of Financial Position for Hawy Traders as at 28 February 2019
Let's proceed step-by-step through the information provided and prepare the Statement of Financial Position.
#### 1. Stock Returned by Owner
H. Way returned stock worth R5,000. This increases the stock available for the business.
#### 2. Fixed Deposit
The Fixed Deposit includes R30,000 that will mature on 31 August 2019. We'll list this amount separately under the "Fixed Deposit" section.
#### 3. Loan and Interest
The loan statement revealed R25,000 interest for the year. This interest needs to be capitalized (added) to the principal amount of the loan.
- Initial amount payable by 30 June 2019 = R55,000
- Add: Interest to be capitalized = R25,000
Loan Payable after capitalizing interest = R55,000 + R25,000 = R80,000
### Now, let’s compile this information into the Statement of Financial Position.
#### Assets
1. Current Assets
- Stock: R5,000
2. Non-Current Assets
- Fixed Deposit: R30,000
#### Liabilities
1. Non-Current Liabilities
- Loan Payable: R80,000
### Statement of Financial Position
```plaintext
Hawy Traders
Statement of Financial Position as at 28 February 2019
Assets
------
Current Assets:
Stock R5,000
--------
Total Current Assets R5,000
Non-Current Assets:
Fixed Deposit R30,000
--------
Total Non-Current Assets R30,000
--------
Total Assets R35,000
--------
Equity and Liabilities
----------------------
Non-Current Liabilities:
Loan Payable R80,000
--------
Total Liabilities R80,000
--------
Total Equity and Liabilities R80,000
--------
```
### Summary of Workings:
#### Workings:
1. Stock:
- Returned stock by owner: R5,000
2. Fixed Deposit:
- Amount maturing on 31 August 2019: R30,000
3. Loan Payable:
- Amount payable on loan by 30 June 2019: R55,000
- Interest to be capitalized: R25,000
- Loan Payable = R55,000 + R25,000 = R80,000
And that's how we prepare the Statement of Financial Position with the given information.
