The following information is available. a) The proceeds of the sale of non-current asset investments amounted to GHc30,000. b) Fixtures and fittings, with an original cost of GHc85,000 and a carrying value of GHc45,000, were sold for GHc32,000 during the year. c) The current asset investments fall within the definition of cash equivalents under IAS 7.

d) The following information relates to property, plant and equipment. 31.12.2019 31.12.2020

GHc'000 GHc'000 Cost 720 595 Accumulated depreciation 340 290 Carrying value 380 305 e) 50,000 GHc1 ordinary shares were issued during the year at no par value. Required Prepare a Statement of Cash Flows for the year to 31 December 20X2 using the format laid out in IAS 7, together with the relevant notes to the statement

CASH FLOW STATEMENT QI. Set out below are the financial statements of Emma, a limited liability company. You have been sked to prepare the company's statement of cash flows, implementing IAS 7 Statement of cash flow EMMA STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2020 Gl000 Sales revenue Cost of sales 1814 Gross profit 739 Distribution costs (125) Administrative expenses Operating profit 350 Interest received 25 Interest paid (25 Profit before a 300 Income tax expone 240) Profit for the you EMMA STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 2020 GH2000 GH_000 Noncurrents Tangible assets 380 305 Intangible acts 250 Investments 25 530 Current Inventories Receivables 390 315 Short-term investments 50 Cash in hand 100 200 918 150 150 91 100 100 Equity and liabilities Share capital (GHe ordinary shares) Share premium Revaluation surplus Retained earning Non-current liabilities Long-term kan Current liabilities Trade payables Bank over Taxation 100 85 290 502 222 119 95 240 24 CASH FLOW STATEMENT QI. Set out below are the financial statements of Emma, a limited liability company. You have been sked to prepare the company's statement of cash flows, implementing IAS 7 Statement of cash flow EMMA STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2020 Gl000 Sales revenue Cost of sales 1814 Gross profit 739 Distribution costs (125) Administrative expenses Operating profit 350 Interest received 25 Interest paid (25 Profit before a 300 Income tax expone 240) Profit for the you EMMA STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 2020 GH2000 GH_000 Noncurrents Tangible assets 380 305 Intangible acts 250 Investments 25 530 Current Inventories Receivables 390 315 Short-term investments 50 Cash in hand 100 200 918 150 150 91 100 100 Equity and liabilities Share capital (GHe ordinary shares) Share premium Revaluation surplus Retained earning Non-current liabilities Long-term kan Current liabilities Trade payables Bank over Taxation 100 85 290 502 222 119 95 240 24