Calculate the Dividends paid, Cash and cash equivalents at the end of the year, Carrying/Book value of the vehicles sold, Apart from depreciation (R252 000), identify TWO (2) other adjustments (with the amounts) that would be needed to convert to cash from operations. CAPRI LIMITEDSTATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021Cash flows from operating activitiesProfit before interest and tax/Operating profitAdjustments to convert to cash from operationsAdd: Depreciation??Profit before working capital changesWorking capital changesDecrease in inventoryIncrease in receivablesIncrease in payablesCash generated from operationsInterest incomeDividends paidCompany tax paidCash flows from investing activitiesNon-current assets purchasedProceeds from sale of vehicles (sold at a profit of R150 000)Increase in long-term investmentsDisposal of long-term investments (disposed at a loss of R150 000)Cash flows from financing activitiesProceeds from issue of ordinary sharesNet increase/decrease in cash and cash equivalentsCash and cash equivalents at beginning of yearCash and cash equivalents at end of yearR756 000900 000?252 000???194 400288 000(396 000)302 4001 346 40072 000?(388 800)(1 368 000)(1 476 000)540 000(612 000)180 000720 000720 000?792 000?

alculate the Dividends paid, Cash and cash equivalents at the end of the year, Carrying/Book value of the vehicles sold, Apart from depreciation (R252 000), identify TWO (2) other adjustments (with the amounts) that would be needed to convert to cash from operations.

alculate the Dividends paid, Cash and cash equivalents at the end of the year, Carrying/Book value of the vehicles sold, Apart from depreciation (R252 000), identify TWO (2) other adjustments (with the amounts) that would be needed to convert to cash from operations.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the Dividends paid, Cash and cash equivalents at the end of the year, Carrying/Book value of the vehicles sold, Apart from depreciation (R252 000), identify TWO (2) other adjustments (with the amounts) that would be needed to convert to cash from operations.

CAPRI LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021
Cash flows from operating activities
Profit before interest and tax/Operating profit
Adjustments to convert to cash from operations
Add: Depreciation
?
?
Profit before working capital changes
Working capital changes
Decrease in inventory
Increase in receivables
Increase in payables
Cash generated from operations
Interest income
Dividends paid
Company tax paid
Cash flows from investing activities
Non-current assets purchased
Proceeds from sale of vehicles (sold at a profit of R150 000)
Increase in long-term investments
Disposal of long-term investments (disposed at a loss of R150 000)
Cash flows from financing activities
Proceeds from issue of ordinary shares
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
R
756 000
900 000
?
252 000
?
?
?
194 400
288 000
(396 000)
302 400
1 346 400
72 000
?
(388 800)
(1 368 000)
(1 476 000)
540 000
(612 000)
180 000
720 000
720 000
?
792 000
?

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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