Use the information provided below in order to complete the Cash Flow Statement of Pretty Ltd for the year ended 28 February 2021.

Note:

• Included in trade and other payables is R4 300 in respect of SARS: Income tax outstanding at the beginning of the year and R2 130 outstanding at the end of the year.
• The dividend on ordinary share account reflected a total of R10 000. Thereafter the directors declared a final dividend at the year end.
• Land and buildings were purchased during the year. No other fixed assets were purchased or sold.

Pretty Ltd

Statement of Comprehensive Income for the year ended 28th February 2021

R

Sales	345 000
Cost of sales	(197 000)
Gross Profit	148 000
Operating expenses	(108 900)
Directors fee	14 000
Salaries and wages	39 100
Audit fee	2 000
Depreciation	9 800
Sundry expenses	44 000
Profit before interest expense	39 100
Interest expense	(1 600)
Profit before tax	37 500
Taxation	10 540
Net Profit after tax	29 960

Pretty Ltd

Statement of financial position as at 28th February 2021

	R	R
Assets
Non-current assets	196 000	105 000
Tangible assets	196 000	105 000
Current assets	53 220
Inventory	36 340
Trade and other receivables	16 580
Cash and cash equivalents	300	200
Total Assets	249 220	161 750
Equity and Liabilities
Capital reserves	188 730	109 750
Ordinary share capital	150 000	100 000
Share premium	15 000	8 000
Retained income	23 730	1 790
Non-current liabilities	5 000	10 000
Mortgage loan	5 000	10 000
Current liabilities	55 490	41 960
Trade and other payables	28 950	20 560
Bank overdraft	21 540	11 400
Shareholders for dividend	5 000	10 000
Total Equity and Liabilities	249 220	161 750