The following draft group financial statements relate to Andash, a public limited company:

Draft Group Statement of Financial Position at October 31

	2022	2021
	TZS million	TZS million
ASSETS
Non-current assets
Property, plant and equipment	5,170	4,110
Goodwill	120	130
Investment in associate	60
	5,350	4,240
Current assets
Inventories	2,650	2,300
Trade receivables	2,400	1,500
Cash and cash equivalents	140	300
	5,190	4,100
TOTAL ASSETS	10,540	8,340
EQUITY AND LIABILITIES
Equity attributable to equity holders of parent
Share capital	400	370
Other reserves	120	80
Retained earnings	1,250	1,100
	1,770	1,550
Minority interest	200	180
Total equity	1,970	1,730
Non-current liabilities
Long term borrowings	3,100	2,700
Deferred tax	400	300
Total non-current liabilities	3,500	3,000
Current liabilities
Trade payables	4,700	2,800
Interest payable	70	40
Current tax payable	300	770
Total current liabilities	5,070	3,610
Total liabilities	8,570	6,610
TOTAL EQUITY AND LIABILITIES	10,540	8,340

Draft Group Statement of Profit or Loss for the year ended October 31, 2022

	2022
	TZS million
Revenue	17,500
Cost of sales	(14,600)
Gross profit	2,900
Distribution costs	(1,870)
Administrative expenses	(490)
Finance costs interest payable	(148)
Gain on disposal of subsidiary	. 8
Profit before tax	400
Income tax expense	. (160)
Profit after tax	240
Attributable to equity holders of parent	200
Attributable to minority interest	. 40
	. 240

Draft Statement of changes in equity of the parent for the year ended October 31, 2022

	Share Capital	Other reserves	Retained earnings	Total
	TZS million	TZS million	TZS million	TZS million
Balance at October 31, 2021	370	80	1,100	1,550
Profit for period			200	200
Dividends			(50)	(50)
Issue of share capital	30	30		60
Share options issued	. .	. 10	. .	. 10
Balance at October 31, 2022	400	120	1,250	1,770

The following information relates to the draft group financial statements of Andash:

1. There had been no disposal of property, plant and equipment during the year. The depreciation for the period included in cost of sales was TZS 260 million. Andash had issued share options on October 31, 2022 as consideration for the purchase of plant. The value of the plant purchased was TZS 9 million at October 31, 2022 and the share options issued had a market value of TZS 10 million. The market value had been used to account for the plant and share options.

1. (ii) Andash had acquired 25 per cent of Joma on November 1, 2021. The purchase consideration was 25 million ordinary shares of Andash valued at TZS 50 million and cash of TZS 10 million. Andash has significant influence over Joma. The investment is stated at cost in the draft group balance sheet. The reserves of Joma at the date of acquisition were TZS 20 million and at October 31, 2022 were TZS 32 million. Joma had sold inventory in the period to Andash at a selling price of TZS 16 million. The cost of the inventory was TZS 8 million and the inventory was still held by Andash at October31, 2022. There was no goodwill arising on the acquisition of Joma.
2. Andash owns 60% of a subsidiary Broiler, a public limited company. The goodwill arising on acquisition was TZS 90 million. The carrying value of Broilers identifiable net assets (excluding goodwill arising on acquisition) in the group consolidated financial statements is TZS 240 million at October 31, 2022. The recoverable amount of Broiler is expected to be TZS 260 million and no impairment loss has been recorded up to October31, 2021.
3. On April 30, 2022 a wholly owned subsidiary, Chang, was disposed of. Chang prepared interim financial statements on that date which are as follows:

	2022
	TZS million
Property, plant and equipment	10
Inventory	8
Trade receivables	4
Cash and cash equivalents	. 5
	. 27
Share capital	10
Retained earnings	4
Trade payables	6
Current tax payable	7
	. 27

The consolidated carrying values of the assets and liabilities at that date were the same as above. The group received cash proceeds of TZS 32 million and the carrying amount of goodwill was TZS 10 million.

(Ignore the taxation effects of any adjustments required to the group financial statements and round all calculations to the nearest TZS million).

Required:

Prepare a group cash flow statement using the indirect method for the Andash Group for the year ended October 31, 2022 in accordance with IAS7: Statements

of Cash Flow after making any necessary adjustments required to the draft group financial statements of Andash as a result of the information above.

(Candidates are not required to produce the adjusted group financial statements of Andash)