The information provided below and prepare the Cash Flow Statement for the year ended 31 December 2022. INFORMATION The following information was extracted from the records of Brumbies Limited:

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:
	2022 (R)	2021 (R)
Sales	3 712 000	2 400 000
Cost of sales	-2 560 000	-1 500 000
Gross profit	1 152 000	900 000
Operating expenses	-582 400	-424 000
Depreciation	60 000	52 000
Other operating expenses	522 400	372 000
Operating profit	569 600	476 000
Interest on mortgage loan	-48 000	-144 000
Profit before tax	521 600	332 000
Company tax	-180 480	-116 200
Profit after tax	341 120	215 800

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:
	2022 (R)	2021 (R)
ASSETS
Non-current assets	4 928 320	4 888 000
Property, plant and equipment	4 928 320	4 888 000
Current assets	712 000	672 000
Inventories (all Trading inventory)	240 000	500 000
Trade and other receivables	80 000	128 000
Cash and cash equivalents	392 000	44 000
	5 640 320	5 560 000

EQUITY AND LIABILITIES
Equity	4 875 120	3 960 000
Ordinary share capital	4 360 000	3 520 000
Retained income	515 120	440 000
Non-current liabilities (Mortgage loan, 12%)	400 000	1 200 000
Current liabilities	365 200	400 000
Trade and other payables	196 000	276 000
Company tax payable	17 200	12 000
Dividends payable	152 000	112 000
	5 640 320	5 560 000

Additional information:

320 000 shares were in issue at the end of 2021. 60 000 new shares were issued on the first day of the 2022 financial year. Interim and final dividends for the year ended 31 December 2022 amounted to R266 000. Vehicles were sold at carrying (book) value during the year for R288 000. Equipment was purchased at the end of the financial year. All purchases of trading inventory are on credit. Trade and other payables comprise accounts payable only.

Answer Sheet:

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022
	Workings (if any)	R
Cash flows from operating activities
Profit before interest and tax/Operating profit
Adjustments to convert to cash from operations
Profit before working capital changes
Working capital changes
Cash generated from operations
Interest paid
Dividends paid
Income tax paid
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year