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2023 Cash Flow Statement Analysis

The document presents a Statement of Cash Flows for the year ending October 31, 2023, detailing cash flows from operating, investing, and financing activities. It shows a net cash generated from operating activities of R61,440, cash used in investing activities of R190,080, and cash generated from financing activities of R172,800. The overall net increase in cash and cash equivalents is R44,160, resulting in a closing balance of -R80,960.

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47 views1 page

2023 Cash Flow Statement Analysis

The document presents a Statement of Cash Flows for the year ending October 31, 2023, detailing cash flows from operating, investing, and financing activities. It shows a net cash generated from operating activities of R61,440, cash used in investing activities of R190,080, and cash generated from financing activities of R172,800. The overall net increase in cash and cash equivalents is R44,160, resulting in a closing balance of -R80,960.

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govenderleah65
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FIAC5112 ICE Task 5: 2023

Ref. LU5 Marks Student mark

Statement of Cash flows for the year ended 31 October 2023


2023
R
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit before tax 291 520 1 1
Elimination of items in profit before tax which are disclosed separately in the statement of cash flows
Interest expense 72 000 2 1
Interest income -28 800 1

Elimination of items in profit before tax which do not represent cash flows 2
Depreciation 86 400 1
Credit losses 1 920 1
Profit on sale of investments (28 800 - 24 000) -4 800 1
Loss on sale of Property, plant and equipment (43200- 30720) 12 480 1
Profit/loss on Remeasurement of Financial assets held for trading -5 440 1

Elimination of the effect of the accrual basis 3


Increase in inventory -46 080 1
Increase in receivables (374 400 - 302 400 - 1920) -70 080 1
Increase in payables 7 680 1
4
Cash generated from operating activities
Dividends paid -76 800 1
Taxation paid ① -124 800 1
Interest paid -82 560 1
Interest received 28 800 1

Net Cash generated from operating activities 61 440

CASH FLOWS FROM INVESTING ACTIVITIES 5


Additions to Property, Plant and Equipment ② -201 600 1
Proceeds on the sale of Property, Plant and Equipment 30 720 1
Proceeds on the sale of investments 28 800 1
Additions to intangible assets (240 000 - 192 000) -48 000 1
Cash used in investing activities -190 080

CASH FLOWS FROM FINANCING ACTIVITIES 6


Proceeds on the issue of shares 57 600 1
Proceeds from loan obtained 115 200 1
Cash generated from financing activities 172 800

Net increase in cash and cash equivalents 44 160


Cash and cash equivalents at the beginning of the year -125 120 0.5
Cash and cash equivalents at the end of the year -80 960 0.5
Balance check 44 160
-

CALCULATIONS

① Taxation payables
Closing balance 115 200 1 Opening balance 105 600 1 2
Bank 124 800 1 Income tax 134 400 1 2

240 000 240 000

② Property, plant and equipment - COST


Opening balance 571 200 1 Closing balance 691200 1 2
Bank 201 600 1 Asset disposal 81 600 1 2
772 800 772 800

30 0

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