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Wednesday, 10 June 2009

SA accounting facts as at end of April 2009

Real value unknowingly destroyed by SA accountants in Retained Earnings remaining in SA companies from Jan 1981 to Apr 2009

93.1%

Real value unknowingly destroyed by SA accountants in Shareholders´ Equity of SA companies with no variable real value non-monetary items to revalue with equivalent entries in Revaluation Reserve from Jan 1981 to Apr 2009

93.1%

Real value unknowingly destroyed by SA accountants in Retained Earnings remaining in SA companies from Apr 1994 to Apr 2009

61.8%

Real value unknowingly destroyed by SA accountants in Shareholders´ Equity of SA companies with no variable real value non-monetary items to revalue with equivalent entries in Revaluation Reserve from Apr 1994 to Apr 2009

61.8%


Cumulative inflation since Jan 1981: 1 354.8%

Cumulative inflation since Apr 1994: 161.6%

Annual inflation: 8.4%

Source of base data: Statistics South Africa