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Extracts from the Statement of Financial Position as at 28 February 2022 2022 2021 R R Inventory 300 000 340 000 Trade and other receivables

Extracts from the Statement of Financial Position as at 28 February 2022

2022

2021

R

R

Inventory

300 000

340 000

Trade and other receivables

113 500

95 000

Trade and other payables

159 000

102 000

SARS Income tax

18 000 (DR)

50 000 (CR)

Extracts from the Statement of Financial Performance for the year 28 February 2022

2022

2021

R

R

Net profit before tax

1 050 500

1 350 000

Income Tax

440 000

520 000

Interest on loans

53 000

44 000

Dividend Paid

380 000

Depreciation

55 000

45 000

Required:

4.1 Prepare the Reconciliation between Profit before Taxation and Cash Generated from

Operations Note.

4.2 Prepare an extract of the Cash Flow Statement showing Cash Flows from Operating

Activities.

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