i) Cash flows from investing activities; and ii) Cash flows from financing activities
FE holds investments in a number of subsidiaries and associate entities and made one change to its holdings in 2021, which was the acquisition of LT. The
Statement of financial position as at 31 December 2021 2020
ASSETS R000 R000
Non-current assets
Property, plant and equipment 24 000 20 200
Goodwill 6 300 5 800
Investment in associates 5 200 4 700
35 500 30 700
Current assets 42 500 31 700
Total assets 78 000 62 400
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share capital (R1 ordinary shares) 18 000 15 000
Share premium 1 000 -
Revaluation reserve 2 000 -
33 500 22 600
Non-controlling interests 9 200 8 800
Total equity 42 700 31 400
6
Non-current liabilities
Long-term borrowings 16 000 18 000
Current liabilities 19 300 13 000
Total liabilities 35 300 31 000
Total equity and liabilities 78 000 62 400
Additional information:
1. FE acquired 70% of the ordinary shares of LT on 1 July 2021 for a cash consideration of R400 000 plus the issue of 1 million R1 ordinary shares in FE. On 1 July 2021 the fair value of an FE share was R1.50. On 1 July 2021 the fair values of the net assets of FE were as follows:
R000
Property, plant and Equipment 1 000
Inventories 800
Receivables 900
Cash and cash equivalents 150
Payables (850)
2 000
FE measured the non-controlling interests in LT at its proportionate share of the fair value of the net assets of LT at the acquisition date.
1. The total comprehensive income attributable to non-controlling interests for the year ended 31 December 2021 was R200 000.
2. There were no disposals of property, plant and equipment in the year. Depreciation charged in the year ended 31 December 2021 was R1 500 000.
3. FE’s share of associates’ profit after tax for the year ended 31 December 2021 was R900 000.
4. FE paid a dividend in the year of R1 million.
Required:
Prepare the following extracts from the consolidated statement of
i) Cash flows from investing activities; and
ii) Cash flows from financing activities

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