Notes

$1.$ Dividend receivable as at $31$ December $2021$ was $$5,000,000$ and Dividend receivable as at $31$ December $2022$ was $$2,000,000.$

$2.$ CGE receives an annual transfer of $$30,000,000$ from the National Agricultural Association for the operating of the industry.

$3.$ Service Charge Outstanding as at $31$ December $2022$ was $$500,000.$

$4.$ Interest outstanding from Loans to Members as of $31$ December $2021$ was

$$2,000,000.$ Interest receivable at $31$ December $2022$ was $$6,000,000.$

$5.$ All membership fees were paid in full. In $2022,$ twenty $(20)$ members prepaid their

membership for eight $(8)$ months at $$15,000$ per month.

$6.$ Twenty percent $(20\%)$ of the grants were not received at the end of each year.

$7.$ To secure adequate storage in $2022,$ payments of $$3,000,000$ were made in advance.

$8.$ Bond issued in $2021$ was issued for $$200,000,000.$ There was a repayment of

$$50,000$ in $2022.$

$9.$ All statutory contributions were paid at year end.

Required:

Prepare the Statement of Financial Performance, Statement of Financial Position and Cash flow for $2022$ in line with ISAPS. Expenses should be classified by nature. No comparative data required for the Cashflow. $(50$ marks$)$