QUESTION $4$

$(20$ Marks$)$

REQUIRED

Prepare the Cash Flow Statement of Elsies Limited for the year ended $31$ December $2023.$

INFORMATION

Extracts of the financial statements of Elsies Limited are as follows:

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Elsies Limited$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Statement of Financial Position as at $31$ December:$\}\backslash \backslash$

$\backslash$hline Assets & $2023($R$)$ & $2022($R$)\backslash \backslash$

$\backslash$hline Property, plant and equipment & $3125000$ & $2500000\backslash \backslash$

$\backslash$hline Investments & $175000$ & $200000\backslash \backslash$

$\backslash$hline Inventory & $1075000$ & $1025000\backslash \backslash$

$\backslash$hline Accounts receivable & $950000$ & $875000\backslash \backslash$

$\backslash$hline Cash and cash equivalents & $250000$ & $175000\backslash \backslash$

$\backslash$hline & $5575000$ & $4775000\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Equity and liabilities$\}\backslash \backslash$

$\backslash$hline Ordinary share capital $(155000$ shares$)$ & $1550000$ & $1550000\backslash \backslash$

$\backslash$hline Retained earnings & $1500000$ & $1250000\backslash \backslash$

$\backslash$hline Non$-$current liabilities & $1800000$ & $1675000\backslash \backslash$

$\backslash$hline Accounts payable & $600000$ & $135000\backslash \backslash$

$\backslash$hline Dividends payable & $100000$ & $125000\backslash \backslash$

$\backslash$hline Company tax payable & $25000$ & $40000\backslash \backslash$

$\backslash$hline & $5575000$ & $4775000\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$\backslash$begin$\{$tabular$\}\{|$l$|$r$|\}$

$\backslash$hline Statement of Comprehensive Income for the year ended $31$ December $2023\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{1\}\{|$l$|\}\{$ R $\}\backslash \backslash$

$\backslash$hline Sales & $5500000\backslash \backslash$

$\backslash$hline Cost of sales & $3250000\backslash \backslash$

$\backslash$hline Depreciation & $375000\backslash \backslash$

$\backslash$hline Operating profit & $825000\backslash \backslash$

$\backslash$hline Interest expense & $225000\backslash \backslash$

$\backslash$hline Company tax & $200000\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Additional information

$-$ The interim dividend paid during $2023$ amounted to R$50000.$

$-$ All purchases and sales of inventory are on credit.

$-$ Credit terms to debtors are $30$ days.