indirect method

QUESTION 3 CASH FLOW STATEMENT REQUIRED: Cash Flow Statement of Anand Limited for the year ended 31 December 2017 Anand Limited Statement of Comprehensive Income for the year ended 31 December 2017 Sales Cost of sales Gross profit Operating expenses depreciation Loss on sale of an asset Other costs Operating profit Interest income Interest expense Profit before taxation Operator Profit Taxation company look Net profit for the year 1 800 000 (1 125000) 675 000 474 000 81 000 21 000 372 000 201 000 24 600 (3 900) 221 700 (77 595) 144 105 Extract of Statement of Financial Position of Anand Limited for the year ended 31 December 2017 2017 2016 996 090 858 075 ASSETS Non-current assets Financial assets: Investment - Subsidiary company Investment - Listed shares Current assets Inventory Trade and other receivables Cash float cash & cash agar 85 500 120 000 188 925 120 690 67 335 900 60 000 98475 203 505 119 700 82 305 1500 EQUITY AND LIABILITIES Share capital Retained income 675 000 353 880 525 000 263 775 30 000 135 000 Long term loan Trade and other payables Bank overdraft SARS - Income tax Shareholders for dividends 43 185 2 700 45 000 35250 59 B05 9000 30 000 39 000 Additional information 2017 Equipment Vehicles Vehicles Land and buildings 462 000 2016 Land and Equipment buildings 346 500 188 100 300 000 242 340 300 000 Cost Accumulated depreciation Carrying value at end (82 500) (132 250) (45 000) (90 000) 462 000 159 840 168 750 346 500 143 100 210 000 Equipment was sold for cash R16 500. The cost price was R39 750, accumulated depreciation R2 250. Additions to buildings were paid in cash. Dividends for the year amounted to R54 000