QUESTION $2(55$ marks$)$ Fair Screen $($Pty$)$ Ltd $($Fair Screen$)$ manufactures small components used in the manufacture of computer screens. Fair Screen has a $31$ October financial year$-$end. You are provided with the Statement of Financial Position as well as extracts from the Statement of Profit or Loss and Other Comprehensive Income of Fair Screen $($Pty$)$ Ltd for the financial year ended $31$ October $2024.$ Statement of Financial Position of Fair Screen $($Pty$)$ Ltd as at $31$ October $202420242023$ R R ASSETS Machinery $195000120000$ Land $590000500000$ Investments $-$ Shares $12000045000$ Non$-$current assets $905000665000$ Inventory $2850034500$ Trade receivables $12300062000$ Cash and cash equivalents $28181074000$ Current assets $433310170500$ Total assets $1338310835500$ EQUITY AND LIABILITIES Equity attributable to owners $850280533750$ Share capital $250000150000$ Revaluation reserve: Land $900000$ Retained earnings $510280383750$ Total equity $850280533750$ Long$-$term loan: $11\mathrm{.}25\%$ p$.$a$.300000150000$ Non$-$current liabilities $300000150000$ Trade payables $145250121500$ Dividends payable $2700010000$ SARS $($income tax payable$)1578020250$ Current Liabilities $188030151750$ Total liabilities $488030301750$ Total equity and liabilities $1338310835500$ Extract from the Statement of Profit or Loss and Other Comprehensive Income of Fair Screen $($Pty$)$ Ltd for the year ended $31$ October $2024$ R Profit before tax $233260$ Income tax expense $(62980)$ Profit for the year $170280$ All information below has already been correctly accounted for: Note $1$: Machinery During the current financial year, the following transactions occurred which affected Machinery: New machinery to the value of R$155000$ was purchased in cash to replace the old, outdated machine. The old machine was sold for cash. At the time of sale, the carrying value of the old machine amounted to R$50000,$ and an accounting loss on sale of R$14000$ was incurred. There were no other additions, disposals or impairments to machinery items that occurred during the financial year. Note $2$: Land Land was revalued for the first time by an independent valuator. There were no additions, disposals or impairments to Land items that occurred during the financial year. Note $3$: Loan On $1$ July $2024,$ the long$-$term loan was increased due to the rapid growth of the company. Note $4$: Finance Cost The following finance cost transactions occurred during the year which all were paid in cash: Interest on loan. Interest on trade payables for the year totalled R$122.$ Note $5$: Share Investment During the $2024$ financial year, Fair Screen purchased additional share investments at a cost of R$85000.$ Certain investments were also sold during the current financial year which resulted in a profit of R$1500$ on the sale. Fair Screen received dividends from these investments of R$13200$ for the year. All transactions relating to investments including the receipt of dividends, were done in cash. Note $6$: Trade receivables During the year, R$8900$ worth of trade receivables were written off as irrecoverable. Note $7$: Dividends At year$-$end, Fair Screen decided to declare dividends of R$1\mathrm{.}75$ per share. At the time of the divided declaration, there were $25000$ issued shares. REQUIRED: Prepare the Statement of Cash Flows of Fair Screen $($Pty$)$ Ltd for the financial year ended $31$ October $2024,$ using the indirect method. Ignore VAT and dividends tax. Show all workings, and reference accordingly. Always round up to the nearest rand where applicable.

Statement of Financial Position of Fair Screen $($Pty$)$ Ltd as at $31$ October $2024$