Prepare the statement of cash flow for the year ended 31 December 2021 in accordance with IFRS
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Prepare the statement of cash flow for the year ended 31 December 2021 in accordance with IFRS and the requirements of the Companies Act.
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Sniper Ltd Limited The following information was extracted on 31 December 2021 from the records of Sniper Ltd Limited, a company, after the gross profit was determined for the year: PREADJUSTMENT TRIAL BALANCE ON 31 DECEMBER Ordinary share capital Preference share capital Land and buildings Equipment at cost Accumulated depreciation on equipment Vehicles at cost Accumulated depreciation on vehicles 15% Long-term loan 30-day notice deposit Bank Petty cash SARS (income tax paid) Ordinary share dividends received Cash generated from operations 2021 R 300 000 100 000 350 000 100 000 50 000 120 000 44 000 100 000 50 000 129 000 500 41 500 5 000 28 500 2020 IR 250 00 100 00 350 00 100 00 25 000 120 00 20 000 58 000 10 000 Sniper Ltd Limited The following information was extracted on 31 December 2021 from the records of Sniper Ltd Limited, a company, after the gross profit was determined for the year: PREADJUSTMENT TRIAL BALANCE ON 31 DECEMBER Ordinary share capital Preference share capital Land and buildings Equipment at cost Accumulated depreciation on equipment Vehicles at cost Accumulated depreciation on vehicles 15% Long-term loan 30-day notice deposit Bank Petty cash SARS (income tax paid) Ordinary share dividends received Cash generated from operations 2021 R 300 000 100 000 350 000 100 000 50 000 120 000 44 000 100 000 50 000 129 000 500 41 500 5 000 28 500 2020 IR 250 00 100 00 350 00 100 00 25 000 120 00 20 000 58 000 10 000
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