QUESTION $1$

$(20$ Marks$)$

REQUIRED

Study the Statement of Cash Flows given below and answer the following questions:

$1\mathrm{.}1$ Calculate the amount paid out for company tax.

$(3$ marks$)$

$1\mathrm{.}2$ Did the company obtain funds from its financing activities? Motivate your answer with the relevant calculations. $(3$ marks$)$

$1\mathrm{.}3$ Of what significance are the details of Westham Limited's investing activities to a potential investor? $(4$ marks$)$

$1\mathrm{.}4$ Write a report to the board of directors to provide an interpretation of the Statement of Cash Flows of Westham Limited for the year ended $31$ December $2022.$ Your report must focus on the cash flows from operating activities, increase in inventory, increase in receivables, increase in payables and purchase of plant and equipment. $(10$ marks$)$