STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBUARY 2019 R Revenue from sales Cost of sales Gross profit Operating expenses Finance cost Profit before tax Income tax expense Profit for the period Other comprehensive income Total comprehensive income 1 040 900 (656 300) 384 600 (193 200) (37 600) 153 800 (34 200) 119 600 119 600 SIZANANI LIMITED STATEMENT OF FINANCIAL POSITION AT 28 FEBRUARY 2019 R 2011 R 2010 445 000 362 500 265 500 (183 000) 447 000 100 000 180 000 167 000 600 892 600 412 000 300 000 252 000 (140 000) 361 000 120 000 220 000 20 000 1 000 773 000 ASSETS Non-current assets Land & buildings at cost Plant & equipment at cost Accumulated depreciation on Plant & Equipment Current assets Accounts receivable Inventory Cash & cash equivalents Prepaid expenses TOTAL ASSETS EQUITY & LIABILITIES Capital & reserves Share capital Retained earnings Non-current liabilities Mortgage bond Current liabilities Accounts payable SARS Shareholders for dividends TOTAL EQUITY & LIABILITIES 450 100 237 500 212 600 353 00 200 000 153 000 322 500 120 000 64 000 26 000 30 000 892 600 280 000 140 000 97 000 18 000 25 000 773 000 SIZANANI LIMITED TOTAL R STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2019 SHARE CAPITAL RETAINED R EARNINGS R Balance at 1 March 2010 200 000 153 000 Issue of shares 37 500 Profit for the period 119 600 Dividends (60 000) Balance at 28 February 2019 237 500 212 600 353 000 37 500 119 (G 4 Additional information: 1. Plant & equipment which cost R 24 000 were sold and accumulated depreciation to the date of sale amounted to R17 000. 2. An amount of R 20 000 was repaid on the mortgage bond. 3. Included in operating expenses are the following: Depreciation expense R 60 000 Loss on disposal of plant & equipment R 4000 Other distribution expenses R 129 200 . REQUIRED: Prepare, using direct method, the statement of cash flows of Sizanani Limited for the financial year ended 28 February 2019