Currency used = ZAR / (R)

The directors may be authorized to pay an interim dividend during the financial year.

QUESTION 5 CASH FLOW STATEMENT (20 Marks) The following information has been extracted from the financial statements of SUNSHINE LTD. for the year ended 31 August 2018 REQUIRED: Prepare the Statement of Cash Flow for the year ended 31 August 2018. INFORMATION : Extracts from the Financial Statements for year ending 31 August 2018. Extracts from the Statement of Comprehensive Income. Depreciation : Vehicle 330 000 Depreciation : Equipment 60 000 Profit on sale of 10 000 Profit before interest and tax 1 415 000 Interest on loan 256 000 Dividends received from investments 100 000 Income tax for the year 352 000 Extracts from the Statement of Financial Position. 2018 Property, plant and equipment 6 014 000 Investments 500 000 2017 5 490 000 300 000 Inventories Trade and other receivables Cash and cash equivalent 620 000 340 000 180 000 560 000 400 000 350 000 Share Capital Retained Income Debentures/loan 4 500 000 700 000 1 800 000 3 600 000 60 000 2 200 000 Trade and other payables Trade creditors Shareholders for dividend SARS : income tax 654 000 374 000 240 000 40 000 718 000 468 000 160 000 90 000 Bank Overdraft nil nil Additional information : A vehide was sold for R280 000, realising a profit of R10 000.. Some fixed assets were also purchased during the year. Shares were also issued during the year. Interim dividend of R413 000 was paid during the year. Use the following format. R Cash flow from Operating Activities Profit before tax and interest Profit before working capital changes . Cash generated / ( utilised) from operations . . . Cash flow from Investing Activities . Cash flow from Financing Activities Net increase (decrease ) in cash and cash equivalents Cash and cash equivalent at the beginning of the year Cash and cash equivalent at the end of the year END OF PAPER