3. STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2020 Ordinary Share Dividends for the year R906 000 REQUIRED Use the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020 4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE: Property, plant and equipment 2020 R Vehicles (Cost) Accumulated Depreciation on Vehicles Equipment (Cost) 7 350 000 2 508 000 15 906 000 2019 R 8 340 000 1 443 000 11 940 000 4 839 000 Accumulated Depreciation on Equipment 5 922 000 Note: Some of the vehicles were sold at carrying value during the year, but no new vehicles were bought Equipment was purchased for cash during the year, no equipment was sold. INFORMATION The information given below was extracted from the books of Sivakha Limited for the 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 14 826 13 998 statements below.) 000 000 Inventory 1 539 1 638 000 000 Accounts receivable 6 6 243 4 572 000 000 Bank 861 000 480 000 23 469 20 688 000 000 EQUITY AND LIABILITIES Ordinary Share Capital 9 300 8 220 000 000 Retained Income 2 031 1 701 000 000 Loan: OVS Bank 8 100 5 940 000 000 Accounts payable 37953 549 000 000 Company tax payable 150 000 564 000 Dividends payable 93 000 714 000 23 469 20 688 000 000 2. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 R Depreciation on Vehicles 1 233 000 Depreciation on Equipment 1 083 000 Operating profit 3 801 000 Interest on Loan 1 404 000 Profit before tax 2 397 000 Profit after tax 1 236 000 |