Question: answer the full question NEX Pte Ltd is a company incorporated in Singapore and adopts the Singapore FRSs. The comparative statements of financial position and

NEX Pte Ltd is a company incorporated in Singapore and adopts the Singapore FRSs. The comparative statements of financial position and extract of its final income statement for NEX Pte Ltd are given as follows: NEX Pte Ltd Comparative Statements of Financial Position 31 December, 20XI and 20X2 NEX Pte Ltd Income Statement (extract) For the financial year ended 31 December 202 s $ Additional information (1) The company bought a new building and some equipment during the year and paid in cash. (2) Investment in OTO Ltd divested for cash (3) Additional loan was obtained from the bank during the year. (4) Additional ordinary shares were issued for cash during the year: (5) The company's practice is to classify interest payments, interest receipts and dividend receipts as under operating cash flows and dividend payments as under financing cash flows on the Statement of Cash Flows. (6) When preparing the Statement of Cash Flows, the company's practice is to present the section on cash flows from operating activities using the indirect method. Required: Prepare NEX Pie Lid's Statement of Cash Flows for the year ended 31 . December 20X2 as required under Singapore Financial Reporting Standard 7 Statument of Cash Flows. Please show all workings clearly to get full credit. (26 marks)
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