PLS, VERY URGENT The following information is available for CANDY GH, a limited liability company Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31st December 2016 Revenue 7,659 Costs of sales (5442) Gross profit 2,217 Operating expenses (1,167) Operating profit 1,050 Interest expenses Operating profit before tax 900 Tax expense (420) Net profit after tax transferred to reserves 480 Statement of Financial Position as at 31 st December Non current assets 2016 GH000 2015 GH000 Costs 2,160 1,785 accumulated depreciation (1,020) (870) Carrying value 1,140 915 Intangible assets 750 600 Investment property 75 Total Non current assets 1,890 1,590 Current assets Inventory 450 306 Trade receivables 1,170 945 Cash cash equivalents 156 3 Total current assets 1,776 1,254 Total assets 3,666 2,844 Equity Equity share capital (GH2 par value) 1,380 1,173 Retained earnings 780 540 Total equity 2,160 1,713 Non current liabilities 12 debentures 510 150 Current liabilities Trade payables 381 357 Bank overdraft 255 294 taxation 360 330 Total current liabilities 996 981 Total equity liabilities 3,666 2,844 Additional information Equipment which had cost GH255, 000 and with a net book value of GH 135,000 and was sold for GH96, 000 during the year The cash proceeds of the sale of asset investment properties amounted to GH90,000 Dividends paid during the year amounted to GH240,000 Required Prepare the companys statement of cash flows for the year ended 31 st December 2016, using the indirect method, adopting the format in IAS 7 Statement of cash flows (150)

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PLS, VERY URGENT The following information is available for CANDY GH, a limited liability company: Statement of Profit or Loss and Other Comprehensive Income for

PLS, VERY URGENT

The following information is available for CANDY GH, a limited liability company:

Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31st December 2016

Revenue

7,659

Costs of sales

(5442)

Gross profit

2,217

Operating expenses

(1,167)

Operating profit

1,050

Interest expenses

Operating profit before tax	900
Tax expense	(420)
Net profit after tax transferred to reserves	480

Statement of Financial Position as at 31st December:

Non-current assets	2016 GH000	2015 GH000
Costs	2,160	1,785
accumulated depreciation	(1,020)	(870)
Carrying value	1,140	915
Intangible assets	750	600
Investment property	-	75
Total Non-current assets	1,890	1,590
Current assets
Inventory	450	306
Trade receivables	1,170	945
Cash & cash equivalents	156	3
Total current assets	1,776	1,254
Total assets	3,666	2,844
Equity
Equity share capital (GH2 par value)	1,380	1,173
Retained earnings	780	540
Total equity	2,160	1,713
Non-current liabilities
12% debentures	510	150
Current liabilities
Trade payables	381	357
Bank overdraft	255	294
taxation	360	330
Total current liabilities	996	981
Total equity & liabilities	3,666	2,844

Additional information:

Equipment which had cost GH255, 000 and with a net book value of GH 135,000 and was sold for GH96, 000 during the year.
The cash proceeds of the sale of asset investment properties amounted to GH90,000.
Dividends paid during the year amounted to GH240,000.

Required:

Prepare the companys statement of cash flows for the year ended 31^st December 2016, using the indirect method, adopting the format in IAS 7 Statement of cash flows.

(150)