The following information relates to BALARAM Pty Ltd.

Statement of Consolidated Comprehensive and Other Income as 30th June 2020

P P

Income 11,252,500

Profit from Operations 409,258

Interest Income 890

Profit before tax 410,148

Taxation - current 190,413

Deferred - -

7,213 183,200

Profit after tax 226,948

Profit share

Dividends 500

Retained earnings 5,023 5,523 232,470

NCI - 13,670

Net profit for the year- consolidated 218,800

Consolidated Statement of Changes in equity as at 30th June 2020

Opening Accumulated loss as at 30th June 2020 - 87,500

Net profit - 218,800

Dividend paid - 91,800

Reserves - non distributable - 5,023

Balance b/d - 34,478

Consolidated Statement of Financial Position as at 30 June 2020

2020 2019

Non-Current Assets P P

Land and Buildings 625,000 500,000

PPE 220,000 187,500

845,000 687,500

Investments in Associates 47,815 42,793

Current Assets

Inventory 287,500 250,000

Debtors 117,033 124,720

Cash in hand/bank 195,902 207,522

1,493,250 1,312,535

Equity and Liabilities

Ordinary share capital 250,000 250,000

Preference share Capital 75,000 50,000

325,000 300,000

Share Premium 12,500 -

Special non-distributable reserve 130,023 -

Retained earnings 34,477 -

Accumulated loss- - 87,500

502,000 212,500

Non-Controlling Interest 184,098 170,428

Long term loan 527,777 667,500

Differed Taxation 51,538 58,750

1,265,413 1,109,178

Current Liabilities

Trade payables/creditors 51,540 143,357

Accrued Taxation 115,047 -

Short term portion of long-term loans 61,250 60,000

1,493,250 1,312,535

The following additional information relates to BALARAM Pty Ltd transactions during the year ended 30th June 2020.

1. Land and Building was revalued upward by a qualified valuer at P625,000 2. PPPE with NBV of P 62,500 was sold for P100,000

3. 25,000 preference shares valued at P1each were issued during the year a P0.25 each premium.

4. Good were sold at a cost of 50% of gross revenue.

5. Sales and purchases were made in credit.

6. Interest of P87,750 and depreciation of P40,750 were not yet adjusted for in the operating

Required:

Prepare a consolidated cash flow statement in line with IAS 7 Cashflow Statement using the direct method.