REQUIRED Use the intormation provided below to prepare he Cash Flow Statement for he year ended 30 June 2020. INFORMATION The information given below was extracted from the books of Siyakha Limited for the financial year ended 30 June 2020. 1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE: 2020 2019 R ASSETS Property, plant and equipment (See note to the financial statements below.) Inventory 14 826 000 13 998 000 1539 000 6 243 000 1 638 000 Accounts receivable Bank 4 572 000 861 000 480 000 23 469 000 20 688 000 EQUITY AND LIABILITIES Ordinary Share Capital 9 300 000 8 220 000 Retained income 2031 000 1 701 000 8 100 000 3 795 000 Loan: OVs Bank 5 940 000 Accounts payabie Company tax payable Dividends payable 3 549 000 150 000 564 000 93 000 714 000 23 469 000 20 688 000 2. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 R Depreciation on Vehicies Depreciation on Equipment Operating profit 1 233 000 1 083 000 3 801 000 Interest on Loan 1 404 000 Profit before tax 2 397 000 Profit after tax 1 236 000 3. STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2020 Ordinary Share Dividends for the year R906 000 4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE: Property, plant and equipment 2020 2019 R 8 340 000 Vehicies (Cost) Accumulated Depreciation on Vehicies Equipment (Cost) Accumulated Depreciation on Equipment 7 350 000 2 508 000 1 443 000 11 940 000 15 906 000 5 922 000 4 839 000
REQUIRED Use the intormation provided below to prepare he Cash Flow Statement for he year ended 30 June 2020. INFORMATION The information given below was extracted from the books of Siyakha Limited for the financial year ended 30 June 2020. 1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE: 2020 2019 R ASSETS Property, plant and equipment (See note to the financial statements below.) Inventory 14 826 000 13 998 000 1539 000 6 243 000 1 638 000 Accounts receivable Bank 4 572 000 861 000 480 000 23 469 000 20 688 000 EQUITY AND LIABILITIES Ordinary Share Capital 9 300 000 8 220 000 Retained income 2031 000 1 701 000 8 100 000 3 795 000 Loan: OVs Bank 5 940 000 Accounts payabie Company tax payable Dividends payable 3 549 000 150 000 564 000 93 000 714 000 23 469 000 20 688 000 2. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 R Depreciation on Vehicies Depreciation on Equipment Operating profit 1 233 000 1 083 000 3 801 000 Interest on Loan 1 404 000 Profit before tax 2 397 000 Profit after tax 1 236 000 3. STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2020 Ordinary Share Dividends for the year R906 000 4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE: Property, plant and equipment 2020 2019 R 8 340 000 Vehicies (Cost) Accumulated Depreciation on Vehicies Equipment (Cost) Accumulated Depreciation on Equipment 7 350 000 2 508 000 1 443 000 11 940 000 15 906 000 5 922 000 4 839 000
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 2TP: Use a spreadsheet and the following financial information from Mineola Companys financial statements...
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Transcribed Image Text:REQUIRED
Use the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020.
INFORMATION
The information given below was extracted from the books of Siyakha Limited for he financial year ended
30 June 2020.
1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE:
2020
2019
R
R
ASSETS
Property, plant and equipment (See note to the financial statements below.)
Inventory
14 826 000
13 998 000
1539 000
1638 000
Accounts receivable
6 243 000
4 572 000
Bank
861 000
480 000
23 469 000
20 688 000
EQUITY AND LIABILITIES
Ordinary Share Capital
9 300 000
8 220 000
Retained Income
2 031 000
1701 000
8 100 000
5 940 000
3 549 000
Loan: OVS Bank
Accounts payable
3 795 000
Company tax payable
Dividends payable
150 000
564 000
93 000
714 000
23 469 000
20 688 000
2. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020
R
Depreciation on Vehicles
1 233 000
Depreciation on Equipment
Operating profit
1083 000
3 801 000
1 404 000
Interest on Loan
Profit before tax
2 397 000
Profit after taxX
1236 000
3. STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2020
Ordinary Share Dividends for the year
R906 000
4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE:
Property, plant and equipment
2020
2019
R
7 350 000
R
Vehicles (Cost)
8 340 000
Accumulated Depreciation on Vehicles
Equipment (Cost)
Accumulated Depreciation on Equipment
2508 000
1443 000
15 906 000
11 940 000
5 922 000
4 839 000
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