Powerade Limited has a number of subsidiaries, one of which, Lemonade Ltd was acquired during the year ended 31 March 2020.

The draft consolidated financial statements for the year ended 31 March 2020 are as follows:

Consolidated Statement of Comprehensive Income of Powerade PLC for the year ended 31 March 2020

Additional information:

1. Powerade Limited issued 400 000 N$1 ordinary shares at a premium of 25 cent and paid a cash consideration of N$197 500 to acquire 75% of Lemonade Ltd. At the date of acquisition, Lemonade Ltds assets and liabilities were recorded at their fair value with the exception of some plant which had a fair value of N$90 000 in excess of its carrying value. Goodwill on acquisition was N$120 000.

2. The property, plant and equipment during the year to 31 March 2020 shows plant with a carrying value of N$800 000 which was sold for N$680 000. Total depreciation for the year was N$782 000.

NOTE - Answers to the questions of this section should be recorded as negative if they are outflows and positive if they are inflows in the consolidated statement of cash flow eg Paid = -250000, inflow = 125100, POSITIVE CASH BALANCE=10000 ETC

1.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of cash generated from operations

2.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of interest paid

3.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of income tax paid

4.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of purchase of property plant and equipment

5.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of the acquisition of Lemonade

6.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of dividends received from associates

7.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of proceeds from sale of PPE

8.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of Loans

9.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of dividends paid to non controlling interest.

10.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of dividend paid to equity holders (parent shareholders)

11.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of net cashflow or outflow for the reporting period.

12.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect cash and cash equivalent at the beginning of the reporting period

13.Calculate the amount to be shown in the consolidated cash flow statement for the group for the period ended 31 March 2020 in respect of cash and cash equivalent at the end of the reporting period

N$ood Profit from operations 1,210 Interest (100) 1,110 240 Share of profits of associates Profit before taxation Taxation 1,350 (482) 868 Non-controlling interest (104) Group profit 764 Powerade PLC Lemonade Ltd at 31/03/2020 at 31/03/2019 at acquisition consolidated consolidated N$ 000 N$ 000 N$000 Assets Non-current assets Property, plant and equipment Intangibles Investment in associates 4,730 2,610 610 350 310 500 520 5.600 3.420 610 740 610 150 Current assets Inventories Trade and other receivables Cash and cash equivalents Total assets 390 350 40 85 20 6.770 4,465 868 50g Equity and liabilities Ordinary shares (N$1 each) Share premium Retained earnings 1,400 300 1,000 200 100 865 8d 1.615 3.315 580 680 2.065 610 Non-controlling interest 3,895 2.675 680 Non-current liabilities Long term loans 1,900 1,100 Current liabilities 520 480 75 455 210 110 Trade payables Taxation Total Equity and Liabilities 6,770 4.465 865 N$ood Profit from operations 1,210 Interest (100) 1,110 240 Share of profits of associates Profit before taxation Taxation 1,350 (482) 868 Non-controlling interest (104) Group profit 764 Powerade PLC Lemonade Ltd at 31/03/2020 at 31/03/2019 at acquisition consolidated consolidated N$ 000 N$ 000 N$000 Assets Non-current assets Property, plant and equipment Intangibles Investment in associates 4,730 2,610 610 350 310 500 520 5.600 3.420 610 740 610 150 Current assets Inventories Trade and other receivables Cash and cash equivalents Total assets 390 350 40 85 20 6.770 4,465 868 50g Equity and liabilities Ordinary shares (N$1 each) Share premium Retained earnings 1,400 300 1,000 200 100 865 8d 1.615 3.315 580 680 2.065 610 Non-controlling interest 3,895 2.675 680 Non-current liabilities Long term loans 1,900 1,100 Current liabilities 520 480 75 455 210 110 Trade payables Taxation Total Equity and Liabilities 6,770 4.465 865