Prepare the Cash Flow Statement for the year ended 31 December 2022 using info below The information given below was extracted from the accounting records of Excellence Limited Information from the Statement of Financial Position as at 2022 R 2021 R Ordinary share capital 750 000 580 000 Retained earnings 145 000 60 000 Property, plant and equipment (see note) 475 000 410 000 Investments 248 000 220 000 12.5% Debentures 125 000 120 000 Inventory 320 000 260 000 Trade debtors 57 000 67 500 Bank ? Prepaid expenses 15 500 2 500 Trade creditors 60 000 85 000 Bank overdraft 50 000 South African Revenue Services 25 000 40 000 Extract from the Statement of Comprehensive Income for the year ended 31 December 2022 Profit before interest and tax 342 000 Depreciation on equipment 25 000 Dividends received on investment 30 000 Interest on debentures 22 500 Income tax 75 000 Extract from Statement of changes in equity for the year ended 31 December 2022 R Dividends on ordinary shares 65 000 Property, plant and equipment 2022 R 2021 R Land and buildings at cost 400 000 320 000 Equipment at carrying value 75 000 90 000
Prepare the Cash Flow Statement for the year ended 31 December 2022 using info below
The information given below was extracted from the accounting records of Excellence Limited Information from the
|
2022 R |
2021 R |
|
|
Ordinary share capital |
750 000 |
580 000 |
|
|
145 000 |
60 000 |
|
Property, plant and equipment (see note) |
475 000 |
410 000 |
|
Investments |
248 000 |
220 000 |
|
12.5% Debentures |
125 000 |
120 000 |
|
Inventory |
320 000 |
260 000 |
|
Trade debtors |
57 000 |
67 500 |
|
Bank |
? |
|
|
Prepaid expenses |
15 500 |
2 500 |
|
Trade creditors |
60 000 |
85 000 |
|
Bank overdraft |
|
50 000 |
|
South African Revenue Services |
25 000 |
40 000 |
Extract from the Statement of Comprehensive Income for the year ended 31 December 2022
|
Profit before interest and tax |
342 000 |
|
|
25 000 |
|
Dividends received on investment |
30 000 |
|
Interest on debentures |
22 500 |
|
Income tax |
75 000 |
Extract from Statement of changes in equity for the year ended 31 December 2022
|
|
R |
|
Dividends on ordinary shares |
65 000 |
|
Property, plant and equipment |
2022 R |
2021 R |
|
Land and buildings at cost |
400 000 |
320 000 |
|
Equipment at carrying value |
75 000 |
90 000 |
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