Description
QUESTION 1
(69 marks)
UrbanKick Sports Limited (“UKS”) is a Johannesburg-based sportswear manufacturer and distributor
specialising in football apparel and footwear. The company is listed on the Johannesburg Stock
Exchange (JSE) and operates several branded retail outlets across South Africa and selected SADC
countries.
Due to increased investment in South African football by technology firms, streaming platforms and
mobile network operators, UKS has identified growth opportunities in the performance footwear market.
The upcoming FIFA world cup, many South African football clubs that will be participating in the African
Cup tournaments and growing popularity of women’s football also contribute to the growth opportunities.
The UKS board has overwhelmingly approved the launch of a new smart-performance soccer boot called
NOVA X9, inspired by local football icon Neo Khumalo.
The following information was extracted from the integrated annual report of UKS.
Extract from Statement of Financial Position at 31 December 2025
Rand
Ordinary shares (80 cents each)
500 000
Retained income
720 000
Shareholders’ capital and reserves
1 220 000
15% Preference shares (R100 each)
120 000
Long term loan – Hatsa Bank (13%)
680 000
Total equity and liabilities
2 020 000
Additional information
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