Set out below are the financial statements of Tubombeshe Co. You are the financial controller, faced with the task of implementing IAS 7 Statement of cashflows. Tubombeshe CO Income statement for the year ended 31 December 2021 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Interest received Interest paid Profit before taxation Taxation Profit for the period Statementsoffinancial positionasat31 December K'000 2,553 (1,814) 739 (125) (264) (75) (140) 160 Assets Non-current assets Property, plant and equipment 380 305 Intangible assets 250 200 Investments 25 Currentassets Inventories Receivables Short-term investments Cash in hand Total assets 150 102 2021 2020 K'000 K'000 390 50 - 2 1,222 3 1 5 - 1 948 4|Page Equity and liabilities Equity Share capital (K1 ordinary shares) Shere premium account Revaluation reserve Retained earnings Non-currentliabilities Loan Current liabilities Trade payables Bank overdraft Taxation Total equity and liabilities The following information is available and relevant. 200 150 160 150 1 0 0 91 260 180 1. The proceeds of the sale of non-current asset investments amountedt o K30,000. 2. Fixtures and fittings, with an original cost of K85,000 and a net book value of K45,000, were sold for K32,000 during the year. .3 The following information relates to property, plant and equipment Cost Accumulated depreciation Net book value K'000 720 3 4 0 380 K'000 595 2 9 0 305 .4 50,000 K1 ordinary shares were issued during the year at a premium of K0.20 per share. 5. Dividends totaling K80,000 were paid during the year. Required (a) Prepare a statement of cash flows for the year ended 31 December 2021 using IAS 7 indirect method. (15 marks) (b) Analyse the statement of cash flows prepared in part (a) (10 marks) [Total = 25 Marks] Set out below are the financial statements of Tubombeshe Co. You are the financial controller, faced with the task of implementing IAS 7 Statement of cashflows. Tubombeshe CO Income statement for the year ended 31 December 2021 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Interest received Interest paid Profit before taxation Taxation Profit for the period Statementsoffinancial positionasat31 December K'000 2,553 (1,814) 739 (125) (264) (75) (140) 160 Assets Non-current assets Property, plant and equipment 380 305 Intangible assets 250 200 Investments 25 Currentassets Inventories Receivables Short-term investments Cash in hand Total assets 150 102 2021 2020 K'000 K'000 390 50 - 2 1,222 3 1 5 - 1 948 4|Page Equity and liabilities Equity Share capital (K1 ordinary shares) Shere premium account Revaluation reserve Retained earnings Non-currentliabilities Loan Current liabilities Trade payables Bank overdraft Taxation Total equity and liabilities The following information is available and relevant. 200 150 160 150 1 0 0 91 260 180 1. The proceeds of the sale of non-current asset investments amountedt o K30,000. 2. Fixtures and fittings, with an.

1. Set out below are the financial statements of Tubombeshe Co. You are the financial controller,
faced with the task of implementing IAS 7 Statement of cashflows.
Tubombeshe CO Income statement for the year ended 31 December 2021
Revenue
Cost of sales
Gross profit Distribution costs Administrative expenses
Interest received Interest paid
Profit before taxation Taxation
Profit for the period
Statementsoffinancial positionasat31 December
K'000
2,553 (1,814)
739 (125)
(264)
(75)
(140) 160
Assets
Non-current assets
Property, plant and equipment
380
305 Intangible assets
250 200 Investments 25 Currentassets
Inventories
Receivables
Short-term investments Cash in hand
Total assets
150 102
2021 2020
K'000
K'000
390 50
- 2 1,222
3 1 5 -
1 948

2. 4|Page
Equity and liabilities
Equity
Share capital (K1 ordinary shares) Shere premium account Revaluation reserve
Retained earnings Non-currentliabilities
Loan
Current liabilities
Trade payables Bank overdraft
Taxation
Total equity and liabilities
The following information is available and relevant.
200 150
160 150 1 0 0 91
260 180
1. The proceeds of the sale of non-current asset investments amountedt o K30,000.
2. Fixtures and fittings, with an original cost of K85,000 and a net book value of K45,000, were
sold
for K32,000 during the year.
.3 The following information relates to property, plant and equipment
Cost
Accumulated depreciation Net book value
K'000
720 3 4 0 380
K'000 595
2 9 0 305
.4 50,000 K1 ordinary shares were issued during the year at a premium of K0.20 per share. 5.
Dividends totaling K80,000 were paid during the year.
Required
(a) Prepare a statement of cash flows for the year ended 31 December 2021 using IAS 7 indirect
method. (15 marks) (b) Analyse the statement of cash flows prepared in part (a) (10 marks)
[Total = 25 Marks]
Set out below are the financial statements of Tubombeshe Co. You are the financial controller,
faced with the task of implementing IAS 7 Statement of cashflows.
Tubombeshe CO Income statement for the year ended 31 December 2021

3. Revenue
Cost of sales
Gross profit Distribution costs Administrative expenses
Interest received Interest paid
Profit before taxation Taxation
Profit for the period
Statementsoffinancial positionasat31 December
K'000
2,553 (1,814)
739 (125)
(264)
(75)
(140) 160
Assets
Non-current assets
Property, plant and equipment
380
305 Intangible assets
250 200 Investments 25 Currentassets
Inventories
Receivables
Short-term investments Cash in hand
Total assets
150 102
2021 2020
K'000
K'000
390 50
- 2 1,222
3 1 5 -
1 948
4|Page
Equity and liabilities
Equity

4. Share capital (K1 ordinary shares) Shere premium account Revaluation reserve
Retained earnings Non-currentliabilities
Loan
Current liabilities
Trade payables Bank overdraft
Taxation
Total equity and liabilities
The following information is available and relevant.
200 150
160 150 1 0 0 91
260 180
1. The proceeds of the sale of non-current asset investments amountedt o K30,000.
2. Fixtures and fittings, with an original cost of K85,000 and a net book value of K45,000, were
sold
for K32,000 during the year.
.3 The following information relates to property, plant and equipment
Cost
Accumulated depreciation Net book value
K'000
720 3 4 0 380
K'000 595
2 9 0 305
.4 50,000 K1 ordinary shares were issued during the year at a premium of K0.20 per share. 5.
Dividends totaling K80,000 were paid during the year.
Required
(a) Prepare a statement of cash flows for the year ended 31 December 2021 using IAS 7 indirect
method. (15 marks) (b) Analyse the statement of cash flows prepared in part (a) (10 marks)
[Total = 25 Marks]