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3 You are presented with the following extracts from the 2017 annual report of Ozz Ltd 2017 3500 1120 225 45 2110 -689 1421 6 Gross income Depreciation of non- 7 current assets (NCA) 8 Interest paid 9 Loss on NCA sold Income before taxation 10 (PBT) 11 Taxation 12 lIncome after taxation 13 CHANGES IN Retained Share capital 14 SHAREHOLDERS EQUITY 15 Opening balance 16 Net income 17 Cash dividends 18 Shares issued 19 Closing balance 20 ncome 2269 1421 2449 1421 180 180 360 180 2802 3162 2017 5400 2016 4500 22 NCA: cost NCA: accumulated 23 depreciation 24 NCA: book value 25 Inventory 26 Receivables 27 Cash 28 Total assets 29 Share capital 30 Retained income 1305 3510 2878 1000 220 7608 360 2802 3195 2010 2664 250 8119 180 2269

13 CHANGES IN Retained Share capital 14 SHAREHOLDERS EQUITY 15 Opening balance 16 Net income 17 Cash dividends 18 Shares issued 19 Closing balance 20 ncome 2269 1421 2449 1421 180 180 360 180 2802 3162 2017 2016 22 NCA: cost 4500 NCA: accumulated 23 depreciation 24 NCA: book value 25 Inventory 26 Receivables 27 Cash 28 Total assets 29 Share capital 30 Retained income 31 |Shareholders equity 32 Long-term loan 33 Trade payables 34 Tax payable 35 Total equity and liabilities 36 37 REQUIRED: 38 Calculate the following components of the Cash Flow Statement for 2017, based on the indirect method 39 cash flow from operating activities 40 cash flow from investing activities 41 - cash flow from financing activities 42 change in cash flows 43 You need not compile a cash flow statement. 3510 2878 1000 220 7608 360 2802 3162 2859 1197 390 7608 3195 2010 2664 250 8119 2269 2449 2390 2930 350 8119

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69 Cash flows from operating Activities Net Income Add Adjustments to reconcile net income to net cash provided by operating activities Depreciation Loss on Sale of NCA Operating Profit Before Working Capital Changes Decrease in Accounts receivable Increase in Inventory Decrease in Trade Payable Increase in tax Payable Net Cash provided by Operating Activities 1,421 71 72 73 74 75 76 1,120 45 1,165 2,586 1,664 (868) (1,733) 40 (897) 1,689 79 81 82 83 84. 85 86 87 NCA A/C Cash Flows from Investing Activities Purchase of NCA Net cash flows from Investing Activities 45 (1,480) 1480 535 (1,480) Cash Flows from Financing Activities ssue of Share Capital Issue of Long term Loan Payment of Dividend Net cash Provided by Financing Activities 5980 5980 180 469 (888 Acc De 89 1305 1120 239 535 1890 91 92 Change in Cash Flows (1689-1480-239) (30) 2425

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