Sennen eee een '2/10/e0r3 / ACQ00-9 UNIT 14: Cass @vEsNON. MooULe: ACCOUNTING 200 wm: ese CLASS EXAMPLE: CASH FLO Ft ks) ; ws 77\= 208K) (asa UZTTTD feo 1P* Voit aro ECON ous are presented wth the folowing information fr Rainbow Limited forthe yoar ended 30 September What movement Nas occured ! Ausnat pan. of tat movenent Is_cash amounts? (ransowures ee | EXTRACT FROM THE STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER [Sean aes 2006 class ee Note 20 205 ASSETS ri R Non-current assets . ic tneresS 3S0cre Land ¥ PISGIR. ERGO sows 2 2.550 000— 73 300 000 Equipment NON CF SULPOS 2 512 0 000 Equipment at cost 80 00 20 000 Accumulated deprecation: Equipment 36 000$8008.310 000] pgune ‘Vehicles 2 588 000 = nor Vehicles at cost [e200 Accumulated deprecation: Vehicles |___-72000 le, Plant Picomcaea ta ated sor | Plant at cost 7 Teas Accumulated depreciation: Plant 2 = ene Intangibe assets {ES Financial assets at fa value 4 600003 500000 7 reed vD lowing for cranges P61 r tnd weweToey) Garren assets) WONEANE CALS, w ene Inventory ware down +9 ICS 320 700-_ 242 300 Reoeivables-0 eno nsions FOL SO 5 255 450*19670 274 20048 14> Prepaid expenses 7210“ S26 | ae orl Receivable = SARS "35 100K SR 7 | | BBbacce ean 070 a TOTAL ASSETS EQUITY AND LIABILITIES equmy i Ordinary share capital 6 00 o00____2 300 000 i Preference share capital 6 725 000 5 Retained earings 1 167194 200755 LiaBILmEs Non-curront abil ong-ter oan 1700000 700000 % x | Debentures 1 250 086 1.261951 WC | | current abies © Payables 2796 960___-342 500 ‘Shot trm portion of ong term an 00 000° 100 000, Current ox payable ~ SARS 42130 : ‘Shareholors for vidends 30000-55000, TOTAL EQUITY AND LIABILITIES: [ere na Naa asses S P/L =Specwrauve = Pr cnangal gee, SPO ee ca toe ERS BL SEN EE eae o SSge comeesvinn) eiggrtien 2352 Bos TAS OS ieee see Seems CRATE OE dsr$$ rcs = — MODULE: ACCOUNTING 200, CLASS EXAMPLE ‘ADDITIONAL INFORMATION: * Birreonea amounts were exacted trom the Statement of Prft of Loss and Other fo that thas bose cra, @Petng period ended 30 September 20x6 and you tay See ae 3500 000 end nc 37500 Finance cost cee 381 300 reseg ipa coro s22e00 Dividends. = ordinary ae 160 000 preference Z 15.000 Proft forthe period — Mupht NAYS T? 114 Cees mera GS Se wen Beroee: pie 2. Property, planfand equipmer NS Bed tex cacte During the curent repotin liaies occured: PeHes the flowing transactons relating to non-curent assets and APrLeeAS — 130000- 450 000 ‘placa offand was sol fodR@30°000)"No futher sales or purchases of lifaSte made, |) BOVEHIT + Noequipment was sold during the reporting period | D sow * Pung the curen eportrg period Rainbow Limited obtained an addtional on erm oan of aces ainveenn® acnyiNes ‘A potion othe loan was used to purchase plan witha cost price i009 ‘31 March 20:6. The profi forthe period correctly includes the depreciafon on The plant, ‘Al the acqusiton date the useful eof this plant was considered to be 5 yeas, vith a esiual ‘ale of 840.000, At 30 September 2:6 the residual vlue was revised at Rd Dol oes tn Fomining useful if at that date was agen estimated lS years. Cregeen eae cate. WE OSE Were cemremoman ee QB 81s CSET 3. Intangible assots: Development costs ‘SOSSOS-Sucoy || perth = i= =(eeos] On 1 Maweabes 2055, Rainbow Limited's IT department commenced the development ofa new Sampamuebsie, wih the necessary approval from management. According tthe studies his website would give them a camaelive 429° inthe industry. The webste woul be so 'echnologicaly advanced thatt would beable to sean te face ofthe end-users inmesdatey whey they Wt he webate ante computs an pulp alo he users personal ifomaton sien & ncgsen@ age, contact number, location om social media apps. A group of customers ubo vsted the webets NSSLTS @ lid complaints aginst the company as an invasion othe privacy. The wabst_> GO had to be discontinued and was aired) The ror to. CASH impaiment had a canying amount ‘ransacton was pocessed and ecored§ S—— gamely inthe accountng reco. BAW investing acciviries 4. Financial assets S devearopmene cols mevreat * Financia assels comprises shares in varous companies listed on the Johannesburg Securies Exchange (JSE], Rainbow Limited classifies all ofthese financial assets as financial asses hold atte th profit or loss. FY AAWSI EAR POL INTO reco “7 32 (Investment in shares), wth a carying amount of 260 000, was sold a. RRL arama a a NE + Nelgassieake afin egies Pap polerech teepiganaiog set20 0 xh ( + The remainder ofthe moverentin the balance resulted rom the acquisition of new shares. aS ‘S00 60 RON ek 288 S553 Gites 120 008 (ep) SCROREMENT) 330 000 — 60 000 5!y Eee a ind ALLOWANCE MOVEMENT MODULE: ACCOUNTING 200, RPT CLO oan Oeernve Ni CLASS EXAMPLE ECE WOES v ro 5. Receivables NEV Pension toe ss CF ITEM Receivables are presented on the Statement of Financial Poston net of the alcwance [or ‘expected losses (provision for doubtful debts) of R in R18 140) 6 anein ‘Share capital FiQenvinies - During the current reporting period, the following shares transactions oecutred: f «+A share buy-back of 611000 ordinary shares at their book value. At the beginning ofthe 2046 reporting periad the company had a total of 320,000 shares in Issue. Share oy BO «Issue of 500 000 non-redeemable preference shares at R1,50 per share. Share 'ss42 enpenses of R25 000 were paid. (S00 00x 21sS0 >= 25000 7. Borrowings ‘A fnance charges incurred on borrowings have been paid during the reporting period. eprective ~ ROP Debentures Rrariorev sed cOSt < RominalCPA\D>—DECUCT “Te debentures consist of 12 000 debentures of R100.eac, Those devertures wer issued Oy Rainbow Limited at ther fair value of, R108, each on 1,Qctober.20x4..The debentures are all tepayable on 30 Seolember 20x22 thet nominal alu terest is payable on 1 October gor Year, The debentutes ate measured at amotised.cosl using the elective terest metnoe ‘oplvig tis method, the injoreet expense forthe current reporting period i 228.135. This ‘amounts ingludedin finance. cost. Rainbow Limited discloses all dividends received and paid as cash from operating actives. REQUIRED: Prepare the Statement of Gash Flows for Rainuow Limited, acording to tho indirect method or Ihe Teportng pefod ended 30 Senlember 20x. in order to comply with Intemational Financial Reporte ‘Standards (IFRS). (3) ‘Show all calculations as marks are awarded for these CComparatives are not required S scans w/ PST THEN ee oimect—0 sermgnt TO CF ALGorenrwnes Bar goo 009 CAOO+100> a elQSHOW + SERS @-\00 SO eu BAU e1ie0 00S) C1B0+ HOS) iaeease 1 a See S—— C BMecegzow nes e/d \261 AS) ‘ 22.8 13S t iG 10 086 Lad cizso o8@>