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wer ALL questions JESTION 1 FORMATION Ayoba Limited CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2016 840 000 Cash flows from operating activities Profit before interest and ta/Operating profit Adjustment to convert to cash from operations Proft before working capital changes Working capital changes Decrease in inventory Increase in receivables Increase payables Cash generated from operations Interest income Dividends paid Income tax paid 900 000 380 000 1 280 000 216 000 320 000 440 000) 336 000 1 496 000 80 000 (304 000) (1 520 000) (1 640 000) 600 000 (680 000) 200000 800 000 800 000 Cash flow from investing activities Non-current assets purchased Proceeds from sale of vehicles (sold at a loss of R20 000) Increase in long-term investments Disposal of long-term investments (disposed at a profit of R10 000) Cash flow from financing activities Proceeds from the issue of ordinary shares Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 880 000