Prepare a cash flow statement for year ended 31 December 2020 The information provided below was extracted

 

  

Prepare a cash flow statement for year ended 31 December 2020

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The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020: Harmony Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2020 Sales Cost of sales Gross profit Operating expenses Selling and administrative expenses Depreciation Operating profit Interest expense Profit before tax Company tax Profit after tax Extract of Statement of Changes in Equity for the year ended 31 December 2020 Balance on 01 January 2020 Profit after tax Dividends paid and proposed in 2020 Balance on 31 December 2020 R 6 600 000 (3 900 000) 2 700 000 (1 710 000) 1 260 000 450 000 990 000 (270 000) 720 000 (240 000) 480 000 Retained earnings R 1 500 000 480 000 (180 000) 1 800 000 The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020: Harmony Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2020 Sales Cost of sales Gross profit Operating expenses Selling and administrative expenses Depreciation Operating profit Interest expense Profit before tax Company tax Profit after tax Extract of Statement of Changes in Equity for the year ended 31 December 2020 Balance on 01 January 2020 Profit after tax Dividends paid and proposed in 2020 Balance on 31 December 2020 R 6 600 000 (3 900 000) 2 700 000 (1 710 000) 1 260 000 450 000 990 000 (270 000) 720 000 (240 000) 480 000 Retained earnings R 1 500 000 480 000 (180 000) 1 800 000

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HARMONY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31 2020 CASH FLOW FROM OPERATING ... View the full answer