i. What does cash and cash equivalents comprise of in 2020.

ii. Discuss the impact of Covid-19 on EFLs sales, operations and capital expenditure projects in 2020.

iii. Upon examination of 2020 statement of cash flows of EFL, state the following: The total net cash flows for each of the three categories. Which category provided most cash inflows? Which category had the greatest cash outflows?

iv. Identify the major investing and financing activities undertaken in the last financial year. How do these major activities compare with the previous years activities?

v. Compare current net cash and cash equivalent figure (at 31 Dec) with prior year. Has the company performed well or poorly in 2020? Justify your conclusion

Statement of Cash Flows For The Year Ended 31 December 2020 Notes 2020 $'000 2019 $'000 Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Interest paid Tax Payment/Withholding taxes paid Net cash flows provided by operating activities 337,623 (199,857) 4,346 (12,112) (2017) 122,983 364,656 (229,801) 2,912 (12,095) (9,659) 116,013 (47,930) 5,510 (78,161) 27,640 Cash flows from investing activities Acquisition of property, plant and equipment Proceeds for rural electrification, net Proceeds from refundable contribution for general extension, net Proceeds from disposal of property, plant and equipment Net cash flows used in investing activities 8,200 4,476 378 (33,842) 343 (45,702 Cash flows from financing activities Repayment of bonds and loans Repayment of lease liability-principal portion only Dividends paid Net cash flows used in financing activities 25 (29,208) (247) (19,123) (48,578) (57,784 (249) (30,000) (88,033) 40,563 (17,722) (264) (96) Net Increase/decrease in cash and cash equivalents Effect of IFRS 9 adjustment - allowance for impairment loss, nett Effect of exchange rate movement on cash and cash equivalents Cash and cash equivalents - at 1 January Cash and cash equivalents - at 31 December (2,023) 175,621 213,897 (1,094 194,533 175,621 8