Use the information provided below to prepare the Cash flow from Operating Activities of the Cash...

 

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Use the information provided below to prepare the Cash flow from Operating Activities of the Cash Flow Statement for the year ended 30 June 2022 using the Indirect Method. INFORMATION The extract given below was obtained from the books of Bright Limited for the financial year ended 30 June 2022 1. EXTRACT OF THE STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE: 2022 2. EXTRACT FROM THE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDING 30 JUNE 2022 Depreciation on Vehicles Depreciation on Equipment Operating profit Interest on Loan Profit before tax Profit after tax 3. EXTRACT FROM THE STATEMENT OF CHANGES IN EQUITY ON 30 JUNE 2022: Ordinary Share Dividends for the year, R715 000 Vehicles (Cost) Accumulated Depreciation on Vehicles Equipment (Cost) 4. EXTRACT FROM THE NOTES TO THE FINANCIAL STATEMENTS ON 30 JUNE: Property, plant and equipment Accumulated Depreciation on Equipment ASSETS Property, plant and equipment (See note 4) Inventory Accounts receivable Bank R EQUITY AND LIABILITIES Ordinary Share Capital Retained Income Loan: OVS Bank 54 000 744 000 3 555 000 836 000 1 770 000 870 000 Accounts payable SARS (income tax) Dividends payable 2022 R 4 850 000 1850 000 9 450 000 3 450 000 2021 R 9 000 000 1 350 000 3 560 000 675 000 14 585 000 4 550 000 1 855 000 5 150 000 2 795 000 150 000 85 000 14 585 000 2021 R 4 562 000 862 000 6 760 000 3 560 000 2022 R 6 900 000 1 550 000 2 450 000 420 000 11 320 000 3 880 000 1 750 000 4 190 000 729 000 286 000 485 000 11 320 000 Use the information provided below to prepare the Cash flow from Operating Activities of the Cash Flow Statement for the year ended 30 June 2022 using the Indirect Method. INFORMATION The extract given below was obtained from the books of Bright Limited for the financial year ended 30 June 2022 1. EXTRACT OF THE STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE: 2022 2. EXTRACT FROM THE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDING 30 JUNE 2022 Depreciation on Vehicles Depreciation on Equipment Operating profit Interest on Loan Profit before tax Profit after tax 3. EXTRACT FROM THE STATEMENT OF CHANGES IN EQUITY ON 30 JUNE 2022: Ordinary Share Dividends for the year, R715 000 Vehicles (Cost) Accumulated Depreciation on Vehicles Equipment (Cost) 4. EXTRACT FROM THE NOTES TO THE FINANCIAL STATEMENTS ON 30 JUNE: Property, plant and equipment Accumulated Depreciation on Equipment ASSETS Property, plant and equipment (See note 4) Inventory Accounts receivable Bank R EQUITY AND LIABILITIES Ordinary Share Capital Retained Income Loan: OVS Bank 54 000 744 000 3 555 000 836 000 1 770 000 870 000 Accounts payable SARS (income tax) Dividends payable 2022 R 4 850 000 1850 000 9 450 000 3 450 000 2021 R 9 000 000 1 350 000 3 560 000 675 000 14 585 000 4 550 000 1 855 000 5 150 000 2 795 000 150 000 85 000 14 585 000 2021 R 4 562 000 862 000 6 760 000 3 560 000 2022 R 6 900 000 1 550 000 2 450 000 420 000 11 320 000 3 880 000 1 750 000 4 190 000 729 000 286 000 485 000 11 320 000