LO 3 / ASSESSMENT STANDARD 5
Explains the concept and analyses
a statement of net worth
PRACTICAL DEMONSTRATION / NAME: ______
GRADE: ______
DATE: ______
ACTUAL MARK
%
LEVEL

MARK ALLOCATION: 30

EDUCATOR/

PARENT/GUARDIAN

1. The statement of net worth

1.1.

1.2. Draw up your own statement of net worth using the format provided.

1.3. With the use of the two columns show a list and values of your current and non – current

assets (e.g. cell phone, bicycle, cash, savings, money owing to you etc.) and current and

long term liabilities (monies you owe)

1.4. Calculate your net worth (Indicate a surplus or deficit)

1.5. Analyse your own Statement of Net Worth and discuss two ways in which you can

increase your Net Worth over the next six months to a year.

CRITERIA / YES
6 / MOSTLY
4 / NO
0
1. The Statement of Net Worth has a heading and date / -
2. The learner clearly shows an understanding of the
differences between assets (current and non
current) and liabilities (long and short term)
3. The learner has accurately calculated his/her
Statement of Net Worth. The learner correctly
indicated a surplus or deficit.
4. The learner is able to critically analyse his/her
personal Statement of Net Worth. The learner is
able to discuss legitimate means to increase
his/her Net Worth.

(24)

NET WORTH STATEMENT OF ______AS AT ______

ASSETS / R’s / LIABILITIES / R’s
Non current Assets
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______/ Current Liabilities
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Current Assets
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______/ Long term Liabilities
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Total Assets / Total Liabilities

ASSETS – LIABILITIES = NET WORTH R______

(Underline) surplus/deficit

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