Use the information provided below to prepare the Cash Flow Statement for the year ended 31 December 2021. 

INFORMATION The information given below was obtained from the books of Libra Limited on 31 December 2021, the end of the financial year. STATEMENT OF FINANCIAL POSITION 

AS AT 31 DECEMBER: 2021 2020 R R 

ASSETS 

Non-current assets 988 400 933 200

 Property, plant and equipment 988 400 933 200 

Current assets 576 200 446 000 

Inventory 102 600 109 200 

Accounts receivable 397 600 304 800 

Bank 75 300 31 100 

Cash Float 700 900 1 564 600 1 379 200 

EQUITY AND LIABILITIES Equity 755 400 661 400 

Ordinary share capital (issue price R1 each) 620 000 548 000 

Retained income 135 400 113 400 

Non-current liabilities 700 000 396 000 

Mortgage bond (18% p.a.) 700 000 396 000 

Current liabilities 109 200 321 800 

Accounts payable 60 000 236 600 

Company tax payable 43 000 37 600 

Dividends payable 6 200 47 600 1 564 600 1 379 200 

EXTRACT FROM THE STATEMENT OF COMPREHENSIVE INCOME 

FOR THE YEAR ENDED 31 DECEMBER 2021 R 

Sales 800 000 

Cost of sales 320 000 

Interest on Loan 93 600

Depreciation on Vehicles 82 200 

Depreciation on Equipment 72 200 

Operating profit 253 400 

Profit before tax 159 800 

Company tax 77 400 

Profit after tax 82 400 

EXTRACT FROM THE STATEMENT OF CHANGES IN EQUITY 

FOR THE YEAR ENDED 31 DECEMBER 2021 

Ordinary share dividends for the year: R60 400 

EXTRACT FROM THE NOTES TO THE FINANCIAL STATEMENTS 

AS AT 31 DECEMBER: 

Property, plant and equipment 2021 2020 R R Vehicles (Cost) 490 000 556 000 

Accumulated Depreciation on Vehicles 167 200 96 200 

Equipment (Cost) 1 060 400 796 000 

Accumulated Depreciation on Equipment 394 800 322 600 

Note: A vehicle was sold for R54 800 during the year, but no new vehicles were bought. Equipment was purchased for cash but no equipment was sold.