The annual financial statements of Bongo $($Pty$)$ Lod are in the final stages of completion for the

year ended $30$ June $2023.$ The following information was extracted to prepare the statement of

cash flows for the current financial year.

Bongo $($Pty$)$ Ltd

Statement of financial position as at $30$ June $2023($with comparative values for $30$ June $2022)$

Additional Information:

$1$ Authorised share capital: $1000000$ Ordinary shares

$2$ Issued share capital: $100000$ Ordinary shares were sold for cash during the current

financial period.

$3$ Dividends of R$30000$ were declared and paid on $20$ June $2023.$

$4$ Equipment with a carrying amount of R$240000$ was sold and new equipment was

purchased during the current financial year.

$5$ Bongo $($Pty$)$ Ltd raised a long term loan of R$168000$ in May $2023.$

$6$ The following information was extracted from the statement of comprehensive income

for the year ended $30$ June $2023$:

Sales for the year was R$1464000$

Rental income was Ras $400.$

Proft on disposal of equipment R$36000$

Depreciation R$48000$

Interest expense RS$0400$

Income tax expense R:$147600$

Profit ather tax R$222000.$

Roquired:

Prepare the statement of cash flows for Bongo $($Pty$)$ Lid for the financial year ended

$30$ June $2023$ in compliance with the requirements of the International Financial Reporting

Standards $($IFRS$)$ in as much as the given information allows. Use the indirect method.