Norbury Limited has released its comparative Statements of Financial Position as at December 31,2011 and December 31,2012. The statements reveal the following: 2012 2011 $mn $mn $mn $mn Non Current Assets Land 575.00 358.00 Plant and Machinery 380.00 200.00 Provision for depreciation 100.00 70.00 Net Book Value 280.00 130.00 Motor Vehicles 450.00 80.00 Provision for depreciation 60.00 40.00 Net Book Value 390.00 40.00 Total Non Current Assets 1,245.00 528.00 5 2012 2011 Current Assets $mn $mn $mn $mn Stock 125.00 19.00 Accounts Receivable 11.00 40.00 Prepaid expenses 118.00 17.00 Cash at bank 120.00 15.00 Cash in hand 1.00 1.00 Total Current Assets 375.00 92.00 Total Assets 1,620.00 620.00 Current Liabilities Accounts Payable 85.00 63.00 Dividends Payable 86.00 64.00 Taxation Payable 75.00 63.00 Current portion of long term debt 81.00 55.00 Total Current Liabilities 327.00 245.00 Non- Current Liabilities Long-term Loan 128.00 65.00 Total Liabilities 455.00 310.00 Share Capital 450.00 200.00 Reserves 75.00 50.00 Retained Profits 640.00 60.00 1165.00 310.00 1620.00 620.00 6 The following information pertains to the Income Statement for the year ended December 31,2012: 2012 $mn Profit before tax 985.00 Tax expense 190.00 Profit after taxation 795.00 Dividends 70.00 725.00 Transfer to reserves 25.00 700.00 Capitalization of Profits 120.00 Retained Profit 580.00 The following notes relate to the above captioned information: (1) Land with a book value of $80.00mn was sold for $100.00mn. (2) Plant and Machinery which initially cost $30.00mn with associated accumulated depreciation of $16.00mn was sold for $7.00mn. (3) Motor Vehicles costing $10.00mn and associated provision for depreciation of $6.00mn was sold for $5.00mn. (4) A long term loan with a face value of $10.00mn was retired during the 2012 financial year. (5) Profits of $120.00mn was capitalized in June 2012. Required:

(i) Compute the Dividends paid in the financial year 2012. (2 marks)

(ii) Compute the Taxation Paid in the financial year 2012. (2 marks)

(iii) Compute the depreciation expense which is to be reflected in the Cash Flow Statement (2 marks)

(iv) Compute the Movement in Share Capital which will impact the Cash Flow Statement. (2 marks)

(v) Prepare the Cash Flow Statement for the year ended December 31, 2012 (32 marks)