Below is the list of transactions relating to the Consolidated Fund for the year ended 31st December, 2019. GHC’000 Direct taxes 1,200,000 Indirect taxes 1,300,000 Compensation for employees 2,200,000 Goods and services 750,000 Grants to local authorities 200,000 Grant from other governments 400,000 Loans granted 90,000 Advances granted 150,000 Recovery of advance 30,000 Recovery of loans 20,000 Equity investment 600,000 Investment in other securities 300,000 Sale of equity investment 200,000 Sale of other securities 100,000 Purchase of motor vehicle 250,000 Proceeds from sale of motor vehicles 100,000 Construction of bridges 800,000 Domestic debt borrowing 1,800,000 External debt borrowing 2,000,000 Repayment of domestic debt 450,000 Repayment of external debt 500,000 Domestic debt interest 220,000 External debt interest 240,000 Subsidies 60,000 Social benefits 70,000 Other expenditures 20,000 Non-tax revenues 120,000 Inventories 40,000 Purchase of presidential aircraft 900,000 Cash and cash equivalent (1/1/2019)-Debit 140,000 Cash and cash equivalent (31/12/2019) Credit 430,000 Required: Prepare a Cash Flow Statement for the year ended 31st December 2019 in accordance to International Public Sector Accounting Standards (IPSAS) 2: Cash Flow Statement
Below is the list of transactions relating to the Consolidated Fund for the year ended 31st December, 2019.
|
|
GHC’000 |
|
Direct taxes |
1,200,000 |
|
Indirect taxes |
1,300,000 |
|
Compensation for employees |
2,200,000 |
|
Goods and services |
750,000 |
|
Grants to local authorities |
200,000 |
|
Grant from other governments |
400,000 |
|
Loans granted |
90,000 |
|
Advances granted |
150,000 |
|
Recovery of advance |
30,000 |
|
Recovery of loans |
20,000 |
|
Equity investment |
600,000 |
|
Investment in other securities |
300,000 |
|
Sale of equity investment |
200,000 |
|
Sale of other securities |
100,000 |
|
Purchase of motor vehicle |
250,000 |
|
Proceeds from sale of motor vehicles |
100,000 |
|
Construction of bridges |
800,000 |
|
Domestic debt borrowing |
1,800,000 |
|
External debt borrowing |
2,000,000 |
|
Repayment of domestic debt |
450,000 |
|
Repayment of external debt |
500,000 |
|
Domestic debt interest |
220,000 |
|
External debt interest |
240,000 |
|
Subsidies |
60,000 |
|
Social benefits |
70,000 |
|
Other expenditures |
20,000 |
|
Non-tax revenues |
120,000 |
|
Inventories |
40,000 |
|
Purchase of presidential aircraft |
900,000 |
|
Cash and cash equivalent (1/1/2019)-Debit |
140,000 |
|
Cash and cash equivalent (31/12/2019) Credit |
430,000 |
Required:
Prepare a Cash Flow Statement for the year ended 31st December 2019 in accordance to International Public Sector Accounting Standards (IPSAS) 2: Cash Flow Statement
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