Numerade

Questions asked

INSTANT ANSWER

Filimini Plc Statement of Profit or Loss and Other Comprehensive Income for the year ended \( 31^{\text {st }} \) December 2022 \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{} \\ \hline Revenue & TZS." \( 000,000 " \) \\ \hline Cost of sales & 11,700 \\ \hline Gross profit & \( (10,400) \) \\ \hline Distribution costs & 1,300 \\ \hline Administration expenses & \( (520) \) \\ \hline Finance costs & \( (250) \) \\ \hline Profit Before Tax (PBT) & \( (50) \) \\ \hline Income tax expense & 480 \\ \hline Profit for the year & \( (60) \) \\ \hline Other comprehensive income & 420 \\ \hline Gains on property revaluations & 200 \\ \hline Other comprehensive income for the year, net of tax & 200 \\ \hline Total comprehensive income for the year, net of tax & 620 \\ \hline \end{tabular} 1. Property, Plant \& Equipment with a carrying value of TZS. \( 280,000,000 \) was sold during 2022 for TZS.290,000,000. This asset had originally cost TZS.450,000,000. 2. Depreciation of Property, Plant and Equipment during 2022 amounted to TZS. \( 400,000,000 \). 3. Dividends paid during 2022 amounted to TZS.50,000,000 are reported in the statement of changes in equity. Required: Prepare a Statement of Cash Flows for the year ended \( 31^{\text {st }} \) December 2022 for Filimini Plc in accordance with IAS 7: Statement of Cash Flows.

View Answer

INSTANT ANSWER

Question 2 Filimini Plc is a local company engaged in wholesale trade of construction materials. Its Financial Statements of the year ended \( 31^{\text {st }} \) December 2022 were as follows: Filimini Plc Statement of Financial Position as at \( 31^{\text {st }} \) December 2022 \begin{tabular}{|c|c|c|} \hline & 2022 & 2021 \\ \hline & TZS."000,000" & TZS."000,000" \\ \hline \multicolumn{3}{|l|}{ Non-current Assets } \\ \hline Property, plant and equipment & 2,850 & 2,050 \\ \hline Total Non-current assets & 2,850 & 2,050 \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Total Non-current assets \\ Current Assets \\ \end{tabular}} \\ \hline Inventories & \( 580 \quad-1-10 \) & 600 \\ \hline Trade receivables & 420 & 300 \\ \hline Cash and cash equivalents & 30 & 50 \\ \hline Total current assets & 1,030 & 950 \\ \hline Total assets & 3,880 \( \quad \) & 3,000 \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Total assets \\ Equity \& Liabilities \\ \end{tabular}} \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Equity \& Liabilities \\ Equity \end{tabular}} \\ \hline Share capital & 1,100 & 900 \\ \hline Share premium & 200 & \( \therefore 100 \) \\ \hline Retained earnings & 980 & 610 \\ \hline Revaluation surplus & 300 & 100 \\ \hline Total equity & 2,580 & 1,710 \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Total equity \\ Non-current liabilities \end{tabular}} \\ \hline Long-term loan & 950 & 800 \\ \hline Total Non-current liabilities & 950 & 800 \\ \hline Current liabilities & 1 & \\ \hline Trade payables & 290 & 320 \\ \hline Bank overdraft & 20 & 120 \\ \hline Current tax payable & 40 & 50 \\ \hline Total current liabilities & 350 & 490 \\ \hline Total equity and liabilities & 3,880 & 3,000 \\ \hline \end{tabular} 298

View Answer

Happy D.