[Gore]

Delta Ltd acquired a subsidiary in Botswana on I January 2021 and acquired all the voting rights. The following are the trial balances of the two entities on 31 December 2021:
Dr
Cr
Pula
Pula
Sales
375,000
Purchases
285,000
Debtors
62,250
Operating expenses
65,250
Bank
33,375
Depreciation
12,000
Dividends paid -30 September
29,550
Property, plant & equipment- 1 January 2021
63,000
Trade payables
36,000
Rent due
800
Accumulated depreciation
12,000
8 % Loan (from 1 January 2021)
55,000
Interest on loan
3,375
Ordinary share capital
0
75,000
Total equity and liabilities
553,800
553,800
The following is relevant
i) The closing inventory on 31 December 2021 was 30,000 Pula and was purchased in
September on average
ii) All activities of the Botswana entity commenced on 1 January 2021.
iii) The long-term loan is not 100% secured and is owed to the Chinese Bank
iv) Rates continued to fluctuate during the year.
v) The spot rates were as follows:
USD
Pula
1 January 2021
1
5
30 September 2021
1
10
31 December 2021
1
25
1 January 2021-CP1
50
31 December 2021-CP1
100
Average CPI for 2021
70
Required: Translate the trial balance of the Botswana Entity into United States Dollars in so far as IAS 21 Permits (20)

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