OnyOnyx $($Pty$)$ Ltd is a manufacturer and retailer of fashion apparel based in the south of

Johannesburg. You have been requested to assist in the preparation of the statement of cash

flows for the reporting period ended $31$ March $2023.$ You$$ve been provided with the following

extracted balances from the statement of financial position as at $31$ March $2023$:

Additional

information R R

$20232022$

Property, plant and equipment $199800008800000$

Inventories $18500001400000$

Trade receivables $55500004250000$

Cash and cash equivalents $2079900023189000$

Retained earnings $1216900012709000$

Trade and other payables $35550002075000$

Shareholders for dividends $7450001150000$

Short term provision $-$ warranty $150000200000$

In addition the following items appear $($amongst others$)$ in the statement of profit or loss for

the reporting period ended $31$ March $2023$:

Additional

information R

Revenue $30400000$

Cost of sales $(12100000)$

Other income $555000$

Income from subsidiary $2950000$

Income from financial investments $3720000$

Finance costs $4(465000)$

Profit before tax $9985000$

Income tax expense $(2075000)$

Amongst other details, the Profit before tax note includes the following items:

Income

Decrease in warranty provision $20000$

Expenses

Amortisation of intangible assets $(120000)$

Depreciation $(1250000)$

Impairment loss $$ equipment $(150000)$

Loss on fair value adjustment on investment property $(25000)$

Allowance for doubtful debts $(205000)$

Write down of inventory to net realisable value $(420000)$

ACCOUNTING $12$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Page $4$ of $7$

Additional information which has already been accounted for:

$1.$ Property, plantx $($Pty$)$ Ltd is a manufacturer and retailer of fashion apparel based in the south of

Johannesburg. You have been requested to assist in the preparation of the statement of cash

flows for the reporting period ended $31$ March $2023.$ You$$ve been provided with the following

extracted balances from the statement of financial position as at $31$ March $2023$:

Additional

information R R

$20232022$

Property, plant and equipment $199800008800000$

Inventories $18500001400000$

Trade receivables $55500004250000$

Cash and cash equivalents $2079900023189000$

Retained earnings $1216900012709000$

Trade and other payables $35550002075000$

Shareholders for dividends $7450001150000$

Short term provision $-$ warranty $150000200000$

In addition the following items appear $($amongst others$)$ in the statement of profit or loss for

the reporting period ended $31$ March $2023$:

Additional

information R

Revenue $30400000$

Cost of sales $(12100000)$

Other income $555000$

Income from subsidiary $2950000$

Income from financial investments $3720000$

Finance costs $4(465000)$

Profit before tax $9985000$

Income tax expense $(2075000)$

Amongst other details, the Profit before tax note includes the following items:

Income

Decrease in warranty provision $20000$

Expenses

Amortisation of intangible assets $(120000)$

Depreciation $(1250000)$

Impairment loss $$ equipment $(150000)$

Loss on fair value adjustment on investment property $(25000)$

Allowance for doubtful debts $(205000)$

Write down of inventory to net realisable value $(420000)$

ACCOUNTING $12$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Page $4$ of $7$

Additional information which has already been accounted for:

$1.$ Property, plant and equipment consists of vehicles and equipment.

Equipment

$$ Equipment with a carrying value of R$450000$ was sold for a profit of R$78000$ on

a cash basis.

Vehicles

$$ A vehicle with a cost of R$500000$ and accumulated depreciation of R$270000$

was written off after a serious accident. The insurer paid out an amount of R$195$

$000$ on the claim for the vehicle.

$2.$ Income from subsidiary consists of dividends of R$800000$ and management fees of

R$150000.$

$3.$ Income from financial investments comprises dividends from the listed investments.

$4.$ All finance costs incurred were paid during the course of the year.

$5.$ A dividend was declared at $31$ March $2023.$

REQUIRED:

$2\mathrm{.}1$ Provide the reconciliation between profit before tax and cash generated from

operations as it would appear in the calculations to the statement of cash flows of Onyx

$($Pty$)$ Ltd for the year ended $31$ March $2023.(20)$

$2\mathrm{.}2$ Provide the calculation of cash receipts from customers as it would appear within

cash flows from operating activities of the statement of cash flows of Onyx $($Pty$)$ Ltd for

the year ended $31$ March $2023.(2)$

$2\mathrm{.}3$ Provide the calculation of dividends paid as it would appear within cash flows from

operating activities of the statement of cash flows of Onyx $($Pty$)$ Ltd for the year ended

$31$ March $2023.(3)$

Note:

$$ Ignore VAT.

$$ Show all calculations clearly