AP$7-7$ Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on

Cash Flows $($P$7-9)[07-5,7-7$

The Emirates Group

The Emirates Group reported the following information in the notes to the financial statements of its $2020-2021$ annual report $($in

millions of United Arab Emirates Dirham $($AED$)$

The Emirates Group also reported the following cash flow details for flscal years ended March $31$:

Required:

Reconstruct the information in Note $12$ into T$-$accounts for property. plant, and equipment and for accumulated depreciation.

Compute the amount of cash the company received for disposals during the year ended March $31.2021.$ Show computations.

Compute the percentage of depreciation expense to cash flows from operations for the year ended March $31,2021.$ How do you

interpret this percentage?