QUESTION FOUR $[25]$

The following information was extracted from Ezara Proprietary Limited$$s annual financial statements for the year ended $29$ February $2024$ in preparation of the Statement of Cash Flows for the current year:

Ezara Proprietary Limited

Statement of Financial Position as at $29$ February $2024$

$($with comparative values for $28$ February $2023)$: Additional Information:

$1.$

Authorised share capital: $1000000$ Ordinary shares

$2.$

Issued share capital: $100000$ Ordinary shares were sold for cash during the current financial period.

$3.$

Dividends of R$30000$ were declared on $20$ February $2024$ and paid on $20$ April $2024.$

$4.$

New equipment was purchased during the current financial year for R$240000.$

$4$

$5.$

Ezara raised a long term loan of R$168000$ in May $2023.$

$6.$

The following information was extracted from the statement of comprehensive income for the year ended $30$ June $2023$:

$$

Sales for the year was R$1464000$

$$

Rental income was R$26400$

$$

Profit on disposal of equipment R$36000$

$$

Depreciation R$48000$

$$

Interest expense R$50400$

$$

Income tax expense R$147600$

$$

Profit after tax R$222000$

Required:

Prepare the statement of cash flows for Ezara Proprietary Limited for the financial year ended

$29$ February $2024$ in compliance with the requirements of the International Financial Reporting

Standards $($IFRS$)$ in as much as the given information allows. Use the indirect method.

No marks will be awarded if instructions not adhered to$.$

END OF QUESTION PAPER