Ohsem Berhad | |||
Statement of cash flows for the period ended 30 June 2016 | |||
Cash flows from Operating activities | |||
Cash receipts from customers | 816100 | ||
Cash paid to suppliers | -429300 | ||
Cash paid to employees | -249700 | ||
Cash generated from operations | 137100 | ||
Interest paid | -3500 | ||
Income taxes paid | -54300 | ||
Net cash from operating activities | 79300 | ||
Cash flows from investing activities | |||
Purchase of Property, plant and equipment | -184100 | ||
Net cash used in operating activities | -184100 | ||
Cash flow from Financing activities | |||
Proceeds from issuance of common stock | 94000 | ||
Dividends paid | -35000 | ||
Issue of bonds | 70000 | ||
Net cash from financing activites | 129000 | ||
Net increase in cash and cash equivalents | 24200 | ||
Cash and cash equivalents at beginning of the period | 67700 | ||
Cash and cash equivalents at end of the period | 91900 | ||
Reconciliation of net income to net cahs provided by operating activities | |||
Net income | 59800 | ||
Adjustements to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortisation | 68500 | ||
Increase in income taxes payable | 8000 | ||
Increase in trade receivable and inventory | -25700 | ||
Decrease in trade payable and other liabilities | -31300 | ||
Total adjustments | 19500 | ||
Net cash provided by operating activities | 79300 | ||
Working | |||
Cash receipt from customer | |||
Opening trade receivable | 106300 | ||
Add: Sales | 854400 | ||
Less: Clsoing trade receivable | -144600 | ||
816100 | |||
Purchases during the year | |||
Closing inventory | 43800 | ||
Add: Cost of sales (excl depreciation) | 157000 | ||
Less: Opening inventory | -56400 | ||
Purchases | 144400 | ||
Cash paid to supplier | |||
Opening trade payable | 63900 | ||
Opening accruals | 41600 | ||
105500 | |||
Add: Purchases | 144400 | ||
Add: Other expenses | 253600 | ||
503500 | |||
Less: Closing trade payable | -40800 | ||
Less: Closing accruals | -33400 | ||
429300 | |||
QUESTION 6 Ohsem Berhad is a company that sells nutrition supplements and health care products. The...
Ohsem Berhad is a company that sells nutrition supplements and health care products. The financial statements of the company for the year ended 30 June 2016 is shown below: Statement of Profit or Loss for the year ended 30 June 2016 RM Sales 854,400 Cost of sales 225,500 Gross profit 628,900 Salaries expense (249,700) Finance costs (3,500) Other expenses (253,600) Profit before tax 122,100 Income tax (62,300) Profit for the year 59,800 Statement of Financial Position as at 30 June...
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