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Fixed Asset Land & Building Vehicles Equipment Total Carrying value at beginning of year 2,700 000 - 2,300 000 5 000 000 Cost 2,700 000
Fixed Asset | Land & Building | Vehicles | Equipment | Total |
Carrying value at beginning of year
| 2,700 000 | - | 2,300 000 | 5 000 000 |
Cost | 2,700 000 | - | 3,100 000 | 5,800 000 |
Accumulated depreciation
| (800 000) | (800 000) | ||
Movements | ||||
Additions at cost | 2,450 000 | 350 000 | ||
Depreciation for the year | (200 000) | (200 000) | ||
Disposals at carrying value | (600 000) | - | (600 000) | |
Carrying value at end of year | 2,100 000 | 2,450 000 | 2,450 000 | 7, 000 000 |
Cost | 2,100 000 | 2,450 000 | 3,450 000 | 800 000 |
Accumulated depreciation | - | - | 1,000 000 | 1,000 000 |
Question1: Prepare the Cash Flow Statement for the year ended 30 June 2022
Question 2: The business bought a significant amount of new fixed assets. What did they buy and how did they pay for these fixed assets? Provide figures to support your answer. I need all calculations
AJ Limited Statement of Comprehensive Income for the year ended 30 June 2022 A.J Limited Statement of Financial Position as at 30 June 2022 \begin{tabular}{|c|c|c|} \hline & & \\ \hline Shareholders' Equity and Liabilities & & \\ \hline Ordinary shareholders' equity & 6,670,000 & 5,150,000 \\ \hline Ordinary share capital (issued @ R5.00) & 5,000,000 & 4,000,000 \\ \hline Share premium & 800,000 & 600,000 \\ \hline Retained income & 870,000 & 550,000 \\ \hline Non-current liabilities & 1,440,000 & 1,160,000 \\ \hline Loan from AF Limited & 1,440,000 & 1,160,000 \\ \hline Current liabilities & 1,180,000 & 1,190,000 \\ \hline Creditors & 1,180,000 & 1,190,000 \\ \hline Total Equity and Liabilities & 9,290,000 & 7,500,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline 2. Cash and Cash Equivalents & 2022 & 2021 \\ \hline Bank & 48,000 & 80,000 \\ \hline \multirow[t]{2}{*}{ Cash float } & 2,000 & - \\ \hline & 50,000 & 80,000 \\ \hline 3. Retained Income & 2022 & 2021 \\ \hline Retained income at beginning of year & 550,000 & 600,000 \\ \hline Net profit after tax & 920,000 & 450,000 \\ \hline Dividends paid and declared & (600,000) & (500,000) \\ \hline Retained income at end of year & 870,000 & 550,000 \\ \hline \multicolumn{3}{|l|}{ 4. Trade and Other Payables } \\ \hline Trade creditors & 688,000 & 738,000 \\ \hline Expenses payable (Interest on loan") & 30,000 & 50,000 \\ \hline SARS (Income tax) & 62,000 & 94,000 \\ \hline Shareholders for dividends & 400,000 & 308,000 \\ \hline & 1,180,000 & 1,190,000 \\ \hline "Interest on loan is not capitalised & & \\ \hline \end{tabular} AJ Limited Statement of Comprehensive Income for the year ended 30 June 2022 A.J Limited Statement of Financial Position as at 30 June 2022 \begin{tabular}{|c|c|c|} \hline & & \\ \hline Shareholders' Equity and Liabilities & & \\ \hline Ordinary shareholders' equity & 6,670,000 & 5,150,000 \\ \hline Ordinary share capital (issued @ R5.00) & 5,000,000 & 4,000,000 \\ \hline Share premium & 800,000 & 600,000 \\ \hline Retained income & 870,000 & 550,000 \\ \hline Non-current liabilities & 1,440,000 & 1,160,000 \\ \hline Loan from AF Limited & 1,440,000 & 1,160,000 \\ \hline Current liabilities & 1,180,000 & 1,190,000 \\ \hline Creditors & 1,180,000 & 1,190,000 \\ \hline Total Equity and Liabilities & 9,290,000 & 7,500,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline 2. Cash and Cash Equivalents & 2022 & 2021 \\ \hline Bank & 48,000 & 80,000 \\ \hline \multirow[t]{2}{*}{ Cash float } & 2,000 & - \\ \hline & 50,000 & 80,000 \\ \hline 3. Retained Income & 2022 & 2021 \\ \hline Retained income at beginning of year & 550,000 & 600,000 \\ \hline Net profit after tax & 920,000 & 450,000 \\ \hline Dividends paid and declared & (600,000) & (500,000) \\ \hline Retained income at end of year & 870,000 & 550,000 \\ \hline \multicolumn{3}{|l|}{ 4. Trade and Other Payables } \\ \hline Trade creditors & 688,000 & 738,000 \\ \hline Expenses payable (Interest on loan") & 30,000 & 50,000 \\ \hline SARS (Income tax) & 62,000 & 94,000 \\ \hline Shareholders for dividends & 400,000 & 308,000 \\ \hline & 1,180,000 & 1,190,000 \\ \hline "Interest on loan is not capitalised & & \\ \hline \end{tabular}
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