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Statement of cash flow: | Potters Limited: statements of financial position at 30 June 2019 and 30 June 2018 2019 2018 000 000 Assets 3/5/2021122114
Statement of cash flow:
| Potters Limited: statements of financial position at 30 June 2019 and 30 June 2018 2019 2018 000 000 Assets 3/5/2021122114 During the year to 30 June 2019: Potters Limited paid 2,500,000 to acquire new property, plant and equipment Depreciation of 800,000 was charged on property, plant and equipment Plant and equipment with a carrying amount of 100,000 was sold for 150,000 20,000 amortization was charged on the trademarks Dividends of 100,000 were paid Taxation of 275,000 was paid 200,000 interest was paid on the long-term borrowings Operating profit for the year was 845,000 200,000 new ordinary shares were issued for cash at a price of 2.75 each Potters Limited received no interest during the year to 30 June 2019 Non-current assets 100 120 Intangible assets: trademarks Property, plant and equipment 10,200 8,600 10,300 8,720 Current assets 1,100 Inventories Trade and other receivables Cash and cash equivalents 1,000 1,800 1,550 200 310 Required Prepare the statement of cash flows for Potters Limited for the year ended 30 June 2019 using the indirect method. 3,000 2,960 Total assets 13,300 11,680 Liabilities Current liabilities Trade and other payables Current tax liabilities 1,200 1,000 300 250 1,500 1,250 Non-current liabilities 3,200 2,600 Long-term borrowings Total liabilities 4,700 3,850 Net assets 8,600 7,830 1,000 800 Equity Called up share capital (1 ordinary shares) Share premium Retained earnings 2,500 2,150 5,100 4,880 Total equity 8,600 7,830Step by Step Solution
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