4/12 - 100% Section B Question Two Set out below are extracts from the financial statements of ABC Ltd: Income Statement for year ended 30 April 2021 000 000 Sales 4,095 Cost of sales 465 Staff costs 528 Depreciation 729 Loss on disposal of non-current assets 96 1.818 Operating profit 2,277 Interest expense 144 Profit before tax 2,133 Taxation 435 Profit after Tax 1,698 Statement of Financial Position as at 30 April 2021 2021 2020 000 000 000 000 Assets Non-current assets at cost 9,633 Less: Accumulated Depreciation 7,533 (1.296) 8.337 Current Assets 129 Inventory 351 Trade receivables & 9,333 (1.800) 156 438 D 4/12 100% Taxation Profit after Tax Statement of Financial Position as at 30 April 2021 2021 2020 000 000 000 Assets Non-current assets at cost 9,633 Less: Accumulated Depreciation 7,533 (1.296) 8,337 Current Assets Inventory 129 Trade receivables Cash Total Assets Equity & Liabilities Page 4 of 12 FA583 Financial Accounting & Reporting May/June 2022 Equity Ordinary share capital Share Premium Retained Earnings 000 9,333 (1.800) 156 438 675 2.250 231 4.500 1.269 8,802 MHMotUZrz1Bsw0d4R3YOrhOmvfcUFH%2FG%2F 435 7,041 2.100 180 1,698 351 3.00 780 9,117 5.592 4 of 12 D Page 4 of 12 FA583 Financial Accounting & Reporting May/June 2022 Equity Ordinary share capital Share Premium Retained Earnings Liabilities Non-current liabilities Long term loans 2,940 Current Liabilities Trade Payables 66 Taxation 645 540 585 Total Equity and Liabilities 8.802 9.117 Notes: During the year, the company bought new plant for 495.000 Required: Prepare a statement of cash flows for the year to 30 April 2021 using the indirect method in accordance with IAS 7. (Total: 25 Marks) 2,250 231 4.560 2,100 180 7,041 3.312 1,050 711 45 5,592 4 of 12