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the information below was extracted from the book of Sikhaya limited of the financial year end 30 June 2020 REQUIRED Use the information provided below
the information below was extracted from the book of Sikhaya limited of the financial year end 30 June 2020
REQUIRED Use the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020. INFORMATION The information given below was extracted from the books of Siyakha Limited for the financial year ended 30 June 2020 1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE: 2020 2019 R R ASSETS Property, plant and equipment (See note to the financial statements below.) 14 826 000 13 998 000 Inventory 1 539 000 1 638 000 Accounts receivable 6 243 000 4572 000 Bank 861 000 480 000 23 469 000 20 688 000 EQUITY AND LIABILITIES Ordinary Share Capital 9.300.000 8220.000 A Read wad EQUITY AND LIABILITIES Ordinary Share Capital Retained Income Loan: OVS Bank Accounts payable Company tax payable Dividends payable 9 300 000 2 031 000 8 100 000 3 795 000 150 000 93 000 23 469 000 8 220 000 1 701 000 5940 000 3549 000 564 000 714000 20 688 000 2. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 Depreciation on Vehicles Depreciation on Equipment Operating profit Interest on Loan Profit before tax Profit after tax R 1 233 000 1083 000 3801 000 1404 000 2397 000 1 236 000 fra 3. STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2020 Ordinary Share Dividends for the year R906 000 4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE: Property, plant and equipment Vehicles (Cost) Accumulated Depreciation on Vehicles Equipment (Cost) Accumulated Depreciation on Equipment 2020 R 7350 000 2 508 000 15 906 000 5 922 000 2019 R 8 340 000 1 443 000 11 940 000 4 839 000 Draw Highlight 4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE: Property, plant and equipment Vehicles (Cost) Accumulated Depreciation on Vehicles Equipment (Cost) Accumulated Depreciation on Equipment 2020 R 7 350 000 2 508 000 15 906 000 5 922 000 2019 R 8 340 000 1 443 000 11 940 000 4 839 000 Note: . Some of the vehicles were sold at carrying value during the year, but no new vehicles were bought Equipment was purchased for cash during the year, no equipment was sold
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