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FE holds investments in a number of subsidiaries and associate entities and made one change to its holdings in 2021, which was the acquisition of

FE holds investments in a number of subsidiaries and associate entities and made one change to its holdings in 2021, which was the acquisition of LT. The statement of financial position of the FE group as at 31 December 2021 and its comparative are shown below: Statement of financial position as at 31 December 2021 2020 ASSETS R000 R000 Non-current assets Property, plant and equipment 24 000 20 200 Goodwill 6 300 5 800 Investment in associates 5 200 4 700 35 500 30 700 Current assets 42 500 31 700 Total assets 78 000 62 400 EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capital (R1 ordinary shares) 18 000 15 000 Share premium 1 000 - Revaluation reserve 2 000 - Retained earnings 12 500 7 600 33 500 22 600 Non-controlling interests 9 200 8 800 Total equity 4 2 700 31 400 Non-current liabilities Long-term borrowings 16 000 18 000 Current liabilities 19 300 13 000 Total liabilities 35 300 31 000 Total equity and liabilities 78 000 62 400 Additional information: 1. FE acquired 70% of the ordinary shares of LT on 1 July 2021 for a cash consideration of R400 000 plus the issue of 1 million R1 ordinary shares in FE. On 1 July 2021 the fair value of an FE share was R1.50. On 1 July 2021 the fair values of the net assets of FE were as follows: R000 Property, plant and Equipment 1 000 Inventories 800 Receivables 900 Cash and cash equivalents 150 Payables (850) 2 000 FE measured the non-controlling interests in LT at its proportionate share of the fair value of the net assets of LT at the acquisition date. 1. The total comprehensive income attributable to non-controlling interests for the year ended 31 December 2021 was R200 000. 2. There were no disposals of property, plant and equipment in the year. Depreciation charged in the year ended 31 December 2021 was R1 500 000. 3. FEs share of associates profit after tax for the year ended 31 December 2021 was R900 000. 4. FE paid a dividend in the year of R1 million. Required: Prepare the following extracts from the consolidated statement of cash flows for the FE group for the year ended 31 December 2021, in accordance with IAS 7 Statement of Cash Flows: i) Cash flows from investing activities; and ii) Cash flows from financing activities

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