Section B Q.6 Following are the extracts from the financial statements of Saguaro Limited (SL) for the year ended 30 June 2021: Statement of financial position as on 30 June 2021 2021 2020 Assets Equity & liabilities Rs. in million Operating fixed assets 820 848 Share capital (Rs. 10 each) Accumulated depreciation (300) (262) Share discount Capital work in progress 84 Retained earnings Inventories 274 245 Long-term loans Trade receivables 177 204 Trade payables Insurance claim 31 Accrued expenses Advance to supplier 78 60 Current portion of long- Cash and bank balances 193 112 term loans 1,326 1,238 2021 2020 Rs. in million 700 500 (40) 220 315 175 210 180 130 48 43 43 1,326 40 1,238 Statement of profit or loss for the year ended 30 June 2021 Rs. in million Sales 757 Cost of sales (485) Gross profit 272 Operating expenses (310) Gain on disposal of equipment 17 Loss before interest (21) icap proctorexam.com is sharing your screen. Stop sharing Other informatic Hide DO 25C HE T 7/9 > :: Overview CLLLL CLTDCLAPELER Advance to supplier Cash and bank balances 78 193 1,326 60 Current portion of long- 112 term loans 1,238 43 1,326 40 1,238 Statement of profit or loss for the year ended 30 June 2021 Rs.in million Sales 757 Cost of sales (485) Gross profit 272 Operating expenses (310) Gain on disposal of equipment 17 Loss before interest (21) Other information: (1) SL declared a final dividend of 10% on 30 September 2020 which was paid in December 2020. () 20 million shares were issued in May 2021. (ii) Insurance claim was related to plant and machinery destroyed in April 2020. The plant had cost and book value of Rs. 63 million and Rs. 42 million respectively. (iv) During the year, SL disposed of equipment having cost and net book value of Rs. 75 million and Rs. 35 million respectively. (v) Current portion of long-term loans include accrued interest of Rs. 5 million. (2020: Rs. 1 million) (vi) Trade payables include an amount of Rs. 14 million payable against capital work in progress. Required: Prepare SL's statement of cash flows for the year ended 30 June 2021. (16)