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 $531300367700$

$22223001888000$

$47073004286000$

$2650000$

$2150000$

$1248000745000$

$3898000$

$2895000$

$456000$

$980000$

$97800$

$51000$

$154000162000$

$101500198000$

$353300411000$

$47073004286000$

Total assets

Equity and liabilities

Equity

Share capital

Retained income

Non$-$current liabilities

Loan $9\%$

Current liabilities

Accounts payable

Taxes SARS

Shareholders for dividends

Total equity and liabilities

Statement of Comprehensive Income for the year ended $30$ June $202320232022$

Sales $52400004985000$

Cost of sales $(2354000)(1358000)$

$28860003627000$

$(2114439)$

$(1767000)$

$19434391598500$

$171000168500$

$7715611860000$

$(72950)(158000)$

$6986111702000$

$(195611)(476560)$

$5030001225440$

Gross profit

Distribution, Administration and other expenses

Operating expenses

Depreciation

Operating profit

Interest on loan

Profit before tax

Tax

Profit after tax