The following financial statements relate to Rosengarten Limited for the years ending 30

June 2018 and 2019 respectively:

Rosengarten Limited

Statement of Comprehensive Income for the years ending 30 June:

2019 2018

Rand (000) Rand (000)

Sales (all credit) 7 200 6 200

Cost of sales (all credit) (3 580) (3 112)

Gross profit 3 620 3 088

Operating expenses: (1 034) (1 912)

Operating profit 2 586 1 176

Interest income 40 16

Interest expense ( 96) ( 32)

Profit before tax 2 530 1 160

Company tax (760) (648)

Profit after tax 1 770 512

Depreciation included in the 2019 operating expenses is R200 000.

Statement of changes in equity for the year ended 30 June 2019

Ord share

capital

(000)

Share

premium

(000)

Retained

earnings

(000)

Total

(000)

Balance on 1 July 2018 1 120 60 664 1 844

Issue of share capital 160 156 316

Profit for the year 1 770 1 770

Dividends: Interim ( 128) ( 128)

Final ( 256) ( 256)

Statement of Financial Position as at 30 June:

ASSETS Notes 2019 2018

(000) (000)

Non-current assets 3 556 1 878

Plant and machinery 1 3 156 1 718

Investment 2 400 160

Current assets 1 322 576

Inventory 60 48

Debtors 784 352

Bank 478 176

4 878 2 454

EQUITY AND LIABILITIES

Share capital and reserves 3 546 1 844

Share capital 3 1 280 1 120

Reserves 4 2 266 724

Non-current liabilities 5 724 268

Current liabilities 608 342

Creditors 148 118

Receiver of revenue: Tax 288 170

Accrued expenses 12 4

Dividends 160 50

4 878 2 454

Additional information:

1. No Non-current assets were sold during the year.

2. Inventory on 1 July 2018 was valued at R56 000.

3. Total dividend declared in 2018 amounted to R120 000

4. New 14% Debentures were obtained on 1 July 2018.

Required:

Prepare the Cash Flow Statement for the year ended 30 June 2019.