QUESTION ONE $[25]$

Prepare the indirect cashflow statement for the financial year ended $30$ June $2023$ for Bibby

Limited based on the following financial information provided:

Statement of Financial Position as at $30$ June $2023$

Assets $20232022$

Non$-$current assets

Property, Plant and Equipment $24850002398000$

Current assets

Inventory $1279000985300$

Accounts receivable $412000535000$

Cash and Cash equivalents $531300367700$

$22223001888000$

Total assets $47073004286000$

Equity and liabilities

Equity

Share capital $26500002150000$

Retained income $1248000745000$

$38980002895000$

Non$-$current liabilities

Loan $9\%456000980000$

Current liabilities

Accounts payable $9780051000$

Taxes SARS $154000162000$

Shareholders for dividends $101500198000$

$353300411000$

Total equity and liabilities $47073004286000$

$1$

Statement of Comprehensive Income for the year ended $30$ June $2023$

$20232022$

Sales $52400004985000$

Cost of sales $(2354000)(1358000)$

Gross profit $28860003627000$

Distribution, Administration and other expenses $(2114439)(1767000)$

Operating expenses $19434391598500$

Depreciation $171000168500$

Operating profit $7715611860000$

Interest on loan $(72950)(158000)$

Profit before tax $6986111702000$

Tax $(195611)(476560)$

Profit after tax $5030001225440$