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Blunt (Pty) Ltd provided the following information that was extracted from the financial records for the year ended 31 December 2021. Relevant financial information from
Blunt (Pty) Ltd provided the following information that was extracted from the financial records for the year ended 31 December 2021. Relevant financial information from the statement of profit and loss and other comprehensive income and the statement of financial position with comparative figures are shown below. Extract of items shown on the statement of profit and loss and other comprehensive income for the year ended 31 December 2021: R Information from the statement of financial position as at 31 December: Page 7 of 8 Additional information: 1. Inventory is disclosed at cost. 2. Land has not been revalued in the current financial year 3. An extension was added to the building and completed in the current financial year. All building costs were paid for in cash. Buildings are not depreciated. 4. Interest on the long term loan is not capitalised. 5. No equipment was sold during the current financial year. Some equipment was sold during the year for cash. 6. Dividends for the year as shown in the statement of changes in equity was R75 000 . Required: Prepare the statement of cash flows of Blunt (Pty) Ltd for the year ended 31 December 2021 to comply with the International Financial Reporting Standards (IFRS) in as much as possible. Use the indirect method. Comparative figures are not required
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