Total assets. Equity and liabilities Equity Ordinary share capital Share premium Retained earnings Non-current liabilities. 10% Loan note (redeemable 31 June 2022) Current liabilities Trade payables Taxation Bank overdraft 450 180 58 940 5.540 3,500 300 1,052 4,852 0 688 5.540 = Additional information (a) The statement of profit or loss for the year ended 31 June 2022 shows the following. Operating profit Interest payable Profit before taxation Taxation Profit for financial year (b) During the year dividends paid were K270,000. (c) Profit before taxation had been arrived at after charging K700,000 for depreciation on DACA assets. (d) During the year non-current assets with a net book value of K200,000 were sold for K180,000. 900 3.600 2,370 150 470 2,990 100 365 145 0 510 3.600 K'000 1,042 (10) 1,032 (180) 852 Required a) Prepare a statement of cash flows for Moha Limited for the year ended 31 June 2022 in accordance with IAS 7 Statement of cash flows, using the indirect method.

Total assets. Equity and liabilities Equity Ordinary share capital Share premium Retained earnings Non-current liabilities. 10% Loan note (redeemable 31 June 2022) Current liabilities Trade payables Taxation Bank overdraft 450 180 58 940 5.540 3,500 300 1,052 4,852 0 688 5.540 = Additional information (a) The statement of profit or loss for the year ended 31 June 2022 shows the following. Operating profit Interest payable Profit before taxation Taxation Profit for financial year (b) During the year dividends paid were K270,000. (c) Profit before taxation had been arrived at after charging K700,000 for depreciation on DACA assets. (d) During the year non-current assets with a net book value of K200,000 were sold for K180,000. 900 3.600 2,370 150 470 2,990 100 365 145 0 510 3.600 K'000 1,042 (10) 1,032 (180) 852 Required a) Prepare a statement of cash flows for Moha Limited for the year ended 31 June 2022 in accordance with IAS 7 Statement of cash flows, using the indirect method.

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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