The statement of Financial Position of Chema Co. Ltd. as at 30th June 2014 and 30th...

  

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The statement of Financial Position of Chema Co. Ltd. as at 30th June 2014 and 30th June 2015 were as follows: Equity: Ordinary shares Retained profits Non-current liabilities: 10% Debentures Current Liabilities: Trade creditors Taxation Proposed Dividends Total Equity & Liabilities Assets Non-current asset Current Assets: Stocks Debtors Cash and Bank Total Assets Sales Cost of Sales Gross Profit Other income Expenses Profit before tax Less tax Profit after tax 30th June 2015 TZS. '000' Proposed dividends Retained profits for the year 600,000 50,000 150,000 40,000 15,000 20,000 875.000 395,000 170,000 80,000 230,000 875,000 The Statement of Profit or Loss for the year ended 30 June 2015 was as follows: TZS '000' 30th June 2014 TZS. '000' 500,000 40,000 200,000 25,000 10,000 10,000 785,000 290,000 140,000 60,000 295,000 785,000 372,500 (217,500) 155,000 5,000 (105,000) 55,000 (25,000) 30,000 (20,000) 10.000 (i) (ii) (iii) The 10% debentures were redeemed and cancelled on 30th June 2015. The expenses include depreciation on non-current assets of TZS. 35,000,000 and debenture interest of TZS.20,000,000. Other income relates to gain on disposal of non-current assets which had book value of TZS.25,000,000. REQUIRED: Prepare the Statement of Cash Flow for the year ended 30th June 2015 as per IAS 7 using indirect method. The statement of Financial Position of Chema Co. Ltd. as at 30th June 2014 and 30th June 2015 were as follows: Equity: Ordinary shares Retained profits Non-current liabilities: 10% Debentures Current Liabilities: Trade creditors Taxation Proposed Dividends Total Equity & Liabilities Assets Non-current asset Current Assets: Stocks Debtors Cash and Bank Total Assets Sales Cost of Sales Gross Profit Other income Expenses Profit before tax Less tax Profit after tax 30th June 2015 TZS. '000' Proposed dividends Retained profits for the year 600,000 50,000 150,000 40,000 15,000 20,000 875.000 395,000 170,000 80,000 230,000 875,000 The Statement of Profit or Loss for the year ended 30 June 2015 was as follows: TZS '000' 30th June 2014 TZS. '000' 500,000 40,000 200,000 25,000 10,000 10,000 785,000 290,000 140,000 60,000 295,000 785,000 372,500 (217,500) 155,000 5,000 (105,000) 55,000 (25,000) 30,000 (20,000) 10.000 (i) (ii) (iii) The 10% debentures were redeemed and cancelled on 30th June 2015. The expenses include depreciation on non-current assets of TZS. 35,000,000 and debenture interest of TZS.20,000,000. Other income relates to gain on disposal of non-current assets which had book value of TZS.25,000,000. REQUIRED: Prepare the Statement of Cash Flow for the year ended 30th June 2015 as per IAS 7 using indirect method.