QUESTION 3 (20 Marks REQUIRED Use the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020 INFORMATION The information given below was extracted from the books of Siyakha Limited for the financial year ended 30 June 2020 1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE: 2020 2019 R R ASSETS Property, plant and equipment (See note to the financial statements below.) 14 826 000 13 998 000 Inventory 1 539 000 1638000 Accounts receivable 62436000 4572000 Bank 861 000 480 000 23 469 000 20 688 000 EQUITY AND LIABILITIES Ordinary Stare Capital 9300 000 8 220 000 Retained Income 2 031 000 1701 000 Loan: OVS Bank 8 100 000 5940 000 Accounts payable 3 795 000 3549 000 Company tax payable 150 000 564 000 Dividends payable 93 000 714 000 23 469 000 20 688 000 2. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 Depreciation on Vehicles Depreciation on Equipment Operating profit Interest on Loan Profit before tax Profit after tax R 1 233 000 1 083 000 3 801 000 1404 000 2 397 000 1236 000 3. STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2020 Ordinary Stare Dividends for the year R906 000 4. NOTE TO THE FINANCIAL STATEMENTS AS AT 30 JUNE: Property, plant and equipment Vehicles (Cost Accumulated Depreciation on Vehicles Equipment (Cost Accumulated Depreciation on Equipment 2020 R 7 350 000 25.000 15 906 000 5922 000 2019 R 8 340 000 143 00 11 940 000 4 839 000