Additional Information:

$1.$ Authorised share capital: $1000000$ Ordinary shares

$2.$ Issued share capital: $100000$ Ordinary shares were sold for cash during the current financial period.

$3.$ Dividends of R$30000$ were declared on $20$ February $2024$ and paid on $20$ April $2024.$

$4.$ New equipment was purchased during the current financial year for R$240000.$

$5.$ Zayra raised a long term loan of R$168000$ in May $2023.$

$6.$ The following information was extracted from the statement of comprehensive income for the year ended $29$ February $2024$:

$-$ Sales for the year was R$1464000$

$-$ Rental income was R$26400$

$-$ Profit on disposal of equipment R$36000$

$-$ Depreciation R$48000$

$-$ Interest expense R$50400$

$-$ Income tax expense R$147600$

$-$ Profit after tax R$222000$

Required:

Prepare the statement of cash flows for Zayra Proprietary Limited for the financial year ended $29$ February $2024$ in compliance with the requirements of the Intemational Financial Reporting Standards $($IFRS$)$ in as much as the given information allows. Use the indirect method. QUESTION FOUR

The following information was extracted from Zayra Proprietary Limited's annual financial statements for the year ended $29$ February $2024$ in preparation of the Statement of Cash Flows for the current year:

Zayra Proprietary Limited

Statement of Financial Position as at $29$ February $2024$

$($with comparative values for $28$ February $2023)$: