STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Plant and equipment Accumulated depreciation Investments Current assets Inventories (575 000) 2022 (R) 660 000 1 200 000 2021 (R) 540 000 1 000 000 (500 000) 35 000 40 000 455 000 415 000 215 000 205 000 Accounts receivable 190 000 175 000 Cash and cash equivalents 50 000 35 000 Total assets 1 115 000 955 000 EQUITY AND LIABILITIES Equity Ordinary share capital 610 000 560 000 310 000 310 000 Retained earnings Non-current liabilities Loan: GH Bank 300 000 250 000 60 000 35 000 60 000 35 000 Current liabilities 445 000 360 000 Accounts payable 420 000 327 000 Dividends payable/Shareholders for dividends 20 000 25 000 Company tax payable/SARS: Company tax 5 000 8.000 Total equity and liabilities 1 115 000 955 000 COSBY LIMITED FINANCIAL REPORTING AND ANALYSIS UNIT 4 ANSWER BOOK: CASH FLOW STATEMENT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 Cash flows from operating activities Profit before interest and tax/Operating profit Adjustments to convert to cash from operations Add: Depreciation Profit before working capital changes Working capital changes Increase/Decrease in inventory Increase/Decrease in receivables Increase/Decrease in payables Cash generated from operations Interest paid Dividends paid Company tax paid Cash flows from investing activities Non-current assets purchased Increase/decrease in long-term investments Cash flows from financing activities Increase/Decrease in loan Net increase/decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Workings (if any) R