QUESTION THREE [20] 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 Non-current assets Property, Plant and Equipment Current assets Inventory Accounts receivable Cash and Cash equivalents 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 1 Sales Cost of sales Gross profit Distribution, Administration and other expenses Operating expenses Depreciation Operating profit Interest on loan Profit before tax Tax Profit after tax 2023 2 485 000 1 279 000 412 000 531 300 2 222 300 4 707 300 2 650 000 1 248 000 3 898 000 456 000 97 800 154 000 101 500 353 300 4 707 300 2022 (2 114 439) 1 943 439 171 000 771 561 (72 950) 698 611 (195 611) 503 000 2 398 000 985 300 535 000 367 700 1 888 000 4 286 000 Statement of Comprehensive Income for the year ended 30 June 2023 2023 5 240 000 (2 354 000) 2 886 000 2 150 000 745 000 2 895 000 980 000 51 000 162 000 198 000 411 000 4 286 000 2022 4 985 000 (1 358 000) 3 627 000 (1 767 000) 1 598 500 168 500 1 860 000 (158 000) 1 702 000 (476 560) 1 225 440

QUESTION THREE [20] Prepare the indirect cashflow statement for the financial year ended 30 June 2023 for Bibby Limited based on the following financial information provided: 1