guitar f Mthunzi Pty (Ltd) is a company that solls Mithunzi's Financial Statements throughout the country.....

 

 

 

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guitar f Mthunzi Pty (Ltd) is a company that solls Mithunzi's Financial Statements throughout the country.. gre Prepared in accordance with International Finop(Ja/ Reporting Standards (19RS). The financial manager has asked for your assistance with preparing the 19th flow statement for the year Ended 28 February 2020 The Following is an extract of the trial Balance that was obtained For 2010 and 2019. Mthunzi LPty) Ltd Tria Baia Extract for the years Erded 28 February 2020 and 2019 Kithunzi Pylltd Hal Baland Extract for the years Erded 28 february Relgined Earrings Share (apital Re valuation surplus Dobertures Inventory trade receivables trade Payables Incomo focolved in advance Propard Exponses Shai chordor for dividends Dividends withholding tax payable TAX TETOVALIO/+payatler Taxation receivable/ (payable) 8830 R' DR CR (7210.000) (7340000) (5000 000) (3 000 000) (2 000 000) (550 000) 7 ? 345 000 105 000 2600000 2150000 (((3000) 102000) (110000) 23000 ( 80 000) 2019 R" DR/CR (120.000) (24000) 11 00 0 17100 (76000) (152 000) (7000) J DOU 5) 3 D -) J J. Additional information 1. The following information was obtained from the statement of comprehensive Income of Mthunzi for the year Ended 28 February sales Cost of sales other operating Exponses Interest income Profit before tox Profit after tax 2020 R 1 290 000 750 000 220 000 150 000 F 166.000 241000 2019 R 1090 000 623000 24-5 000 9200 237 00 0 210.000 soperating Expenses include credit lases related to. Ms Sarah Mi Saigh, a long outstanding debtor was declared Insolvent during the current year R9500 was received from her trtate on 1 November 2019 and thus represents 30% of the balanco owing by Ms sargh. other operating Expenses do not include any. depretation amortisation or profit Icoss on disposal a Trade receivables are presented het of allowance for credit fois os OF R13 000 (2019:89.000 3. Mthunzi 16su od 3000 10% debortures of R150 at a premium of 6% on I march 2019 loupon payments are made half yearly on 30 August and 28 february Each your The debentures will be reodamed. on 28 february 2024, at par Folll x10" Ars EXE 1 2 3+ 4- Mthunzi 1 dedared a capitalisation issue of 50.000 Shares during the current period Mthunz Plans to acquire additional Land and Buildings In the next accounting period, 100 000 chares issued to exiting shareholders for cash required funds were to raise the 5. Mthunzi declared an Interim dividend on 30 August 2019. The total e dividend payments for the year. amainted to R100 000 Question 11 Prepare a cash flow statement including only cash flows from operating and financing Gifturtles For the year Ended 28 february 1030. (39 mark guitar f Mthunzi Pty (Ltd) is a company that solls Mithunzi's Financial Statements throughout the country.. gre Prepared in accordance with International Finop(Ja/ Reporting Standards (19RS). The financial manager has asked for your assistance with preparing the 19th flow statement for the year Ended 28 February 2020 The Following is an extract of the trial Balance that was obtained For 2010 and 2019. Mthunzi LPty) Ltd Tria Baia Extract for the years Erded 28 February 2020 and 2019 Kithunzi Pylltd Hal Baland Extract for the years Erded 28 february Relgined Earrings Share (apital Re valuation surplus Dobertures Inventory trade receivables trade Payables Incomo focolved in advance Propard Exponses Shai chordor for dividends Dividends withholding tax payable TAX TETOVALIO/+payatler Taxation receivable/ (payable) 8830 R' DR CR (7210.000) (7340000) (5000 000) (3 000 000) (2 000 000) (550 000) 7 ? 345 000 105 000 2600000 2150000 (((3000) 102000) (110000) 23000 ( 80 000) 2019 R" DR/CR (120.000) (24000) 11 00 0 17100 (76000) (152 000) (7000) J DOU 5) 3 D -) J J. Additional information 1. The following information was obtained from the statement of comprehensive Income of Mthunzi for the year Ended 28 February sales Cost of sales other operating Exponses Interest income Profit before tox Profit after tax 2020 R 1 290 000 750 000 220 000 150 000 F 166.000 241000 2019 R 1090 000 623000 24-5 000 9200 237 00 0 210.000 soperating Expenses include credit lases related to. Ms Sarah Mi Saigh, a long outstanding debtor was declared Insolvent during the current year R9500 was received from her trtate on 1 November 2019 and thus represents 30% of the balanco owing by Ms sargh. other operating Expenses do not include any. depretation amortisation or profit Icoss on disposal a Trade receivables are presented het of allowance for credit fois os OF R13 000 (2019:89.000 3. Mthunzi 16su od 3000 10% debortures of R150 at a premium of 6% on I march 2019 loupon payments are made half yearly on 30 August and 28 february Each your The debentures will be reodamed. on 28 february 2024, at par Folll x10" Ars EXE 1 2 3+ 4- Mthunzi 1 dedared a capitalisation issue of 50.000 Shares during the current period Mthunz Plans to acquire additional Land and Buildings In the next accounting period, 100 000 chares issued to exiting shareholders for cash required funds were to raise the 5. Mthunzi declared an Interim dividend on 30 August 2019. The total e dividend payments for the year. amainted to R100 000 Question 11 Prepare a cash flow statement including only cash flows from operating and financing Gifturtles For the year Ended 28 february 1030. (39 mark

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Mithunzy Pty Ltd Cash Flow Statement For the year ended 28 February 2020 Operating Acti... View the full answer