As financial accountant for Pinegrove Co you are responsible for the preparation of a statement STATEMENT OF FINANCIAL POSITION AS AT MARCH X Statement of Profit or Loss for the year ended March X
of cash flows for the year ended March X The following information is available.
STATEMENT OF FINANCIAL POSITION AS AT MARCH X Dividends paid during the period
Property, plant and equipment held by Pinegrove Co are items of plant and equipment and
freehold premises. During X items of plant and equipment which have a carrying amount of
$m at the date of disposal were disposed of resulting in a profit of $m
Short term investments :The shortterm investments meet the definition of cash equivalents per
IAS Statement of Cash Flows
debentures : On August X $m of debentures was converted into $m of $
ordinary shares.
v Depreciation :The depreciation charge for the year included in the statement of profit or loss
was $m
Required: Using the information provided, prepare a statement of cash flows for Pinegrove Co for
the year ended March X using the indirect method.
