Practise interpreting statements of financial position by classifying assets and liabilities, calculating changes and explaining their business purpose.
Saha is a small business in Türkiye (formerly known as Turkey) that opened in 2020 with 15 employees. It designs and manufactures robots which are used in hospitals, hotels and restaurants. In hospitals its robots are used to move medical supplies between departments. In hotels and restaurants, the robots are used to welcome customers as they arrive and deliver food and drinks to hotel rooms and restaurant tables. Saha provides a seven day a week customer service for all businesses buying its robots.
Many new businesses are entering the global robot market and are competing for market share. Competitors in Türkiye include NIO, Zoox and Vention.
Saha has ambitious growth plans and has started to design robots that will be used in the home to help people with cleaning, shopping, security and entertainment. It aims to become a multinational business within five years to manufacture robots in all continents of the world.
State one non-current asset that Saha is likely to have.
A02-1 mark
Award 1 mark for a non-current asset that Saha may have.
- Saha is likely to have machinery which is used to manufacture the robots used in the hospitals (1)
- Saha is likely to have vehicles that are used to deliver robots to the restaurants and hotels
(1)
NB Do not accept a non-current asset that is not in the context of Saha
Accept any other appropriate response.
(1)