The following are the statement of financial position of Abok Ltd. As at 31 December 2019 and 2020 2019 2020 ASSETS Sh. Sh. Goodwill 115,000 90,000 Land and Buildings 200,000 170,000 Plant 80,000 200,000 Debtors 160,000 200,000 Stock 77,000 109,000 Bills Receivable 20,000 30,000 Cash in hand 15,000 10,000 Bank 10,000 8,000 677,000 817,000 Capital and liabilities Ordinary share capital 300,000 400,000 8% redeemable preference share capital 150,000 100,000 General reserves 40,000 70,000 Retained Earnings 30,000 48,000 Proposed dividend 42,000 50,000 Creditors 55,000 83,000 Bills Payable 20,000 16,000 Provision for taxation 40,000 50,000 677,000 817,000 Additional Information: (a) Depreciation of Sh. 10,000 and Sh. 20,000 have been charged on Plant and Land and Buildings in 2020. (b) An interim dividend of Sh. 20,000 has been paid in 2020. (c) Sh. 35,000 Income tax was paid during 2020. Required to prepare Cash Flow Statement in accordance with IAS-7
The following are the
2019 2020
ASSETS Sh. Sh.
Land and Buildings 200,000 170,000
Plant 80,000 200,000
Debtors 160,000 200,000
Stock 77,000 109,000
Bills Receivable 20,000 30,000
Cash in hand 15,000 10,000
Bank 10,000 8,000
677,000 817,000
Capital and liabilities
Ordinary share capital 300,000 400,000
8% redeemable
General reserves 40,000 70,000
Proposed dividend 42,000 50,000
Creditors 55,000 83,000
Bills Payable 20,000 16,000
Provision for
677,000 817,000
Additional Information:
(a)
(b) An interim dividend of Sh. 20,000 has been paid in 2020.
(c) Sh. 35,000 Income tax was paid during 2020.
Required to prepare Cash Flow Statement in accordance with IAS-7
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