Prepare the Cash Flow statement of concha ltd for the year ended 31 December 2023 Sales 2484000 Cost of Sales -1212000 Gross profit 1272000 Selling and admin expenses -504000 Operating profit 768000 Interest expense -48000 Profit before tax 720000 Company tax -192000 Profit after tax 528000 Statement of financial position as at 31 december 2023: [2023] Non current asset 2244000 Land and buildings 1320000 Plant and machinery 744000 Investments 180000 Current asset 648000 Inventories 288000 Accounts receivable 306000 Cash and cash equivalents 54000 Total asset 2892000 EQUITY AND LIABILITIES (2023) Equity 1872000 Ordinary share capital (300000 shares) 1200000 Retained earnings 672000 Non current liabilities 480000 Long term loan 480000 Accounts payable 288000 Company tax payable 96000 Dividends payable 156000 Total equity and liabilities 2892000 Statement of financial position as at 31 december 2022: [2022] Non current asset 176400 Land and buildings 1128000 Plant and machinery 744000 Investments 0 Current asset 540000 Inventories 300000 Accounts receivable 192000 Cash and cash equivalents 48000 Total asset 2304000 EQUITY AND LIABILITIES (2022) Equity 1560000 Ordinary share capital (300000 shares) 1200000 Retained earnings 360000 Non current liabilities 240000 Long term loan 240000 Accounts payable 504000 Company tax payable 48000 Dividends payable 120000 Total equity and liabilities 2304000 Additional information to be consider: ■ Selling and administrative expenses included the following: Depreciation on buildings 72000 Depreciation on plant and machinery 120000 ■ There were no disposals of property, plant and equipment during 2023. ■ Total dividends for the year ended 31 December 2023 amounted to R216 000. ■ Ninety percent (90%) of all purchases and sales of inventories are on credit

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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Prepare the Cash Flow statement of concha ltd for the year ended 31 December 2023 Sales 2484000 Cost of Sales -1212000 Gross profit 1272000 Selling and admin expenses -504000 Operating profit 768000 Interest expense -48000 Profit before tax 720000 Company tax -192000 Profit after tax 528000 Statement of financial position as at 31 december 2023: [2023] Non current asset 2244000 Land and buildings 1320000 Plant and machinery 744000 Investments 180000 Current asset 648000 Inventories 288000 Accounts receivable 306000 Cash and cash equivalents 54000 Total asset 2892000 EQUITY AND LIABILITIES (2023) Equity 1872000 Ordinary share capital (300000 shares) 1200000 Retained earnings 672000 Non current liabilities 480000 Long term loan 480000 Accounts payable 288000 Company tax payable 96000 Dividends payable 156000 Total equity and liabilities 2892000 Statement of financial position as at 31 december 2022: [2022] Non current asset 176400 Land and buildings 1128000 Plant and machinery 744000 Investments 0 Current asset 540000 Inventories 300000 Accounts receivable 192000 Cash and cash equivalents 48000 Total asset 2304000 EQUITY AND LIABILITIES (2022) Equity 1560000 Ordinary share capital (300000 shares) 1200000 Retained earnings 360000 Non current liabilities 240000 Long term loan 240000 Accounts payable 504000 Company tax payable 48000 Dividends payable 120000 Total equity and liabilities 2304000 Additional information to be consider: ■ Selling and administrative expenses included the following: Depreciation on buildings 72000 Depreciation on plant and machinery 120000 ■ There were no disposals of property, plant and equipment during 2023. ■ Total dividends for the year ended 31 December 2023 amounted to R216 000. ■ Ninety percent (90%) of all purchases and sales of inventories are on credit

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