Statement of Cash Flows | |
© www.excel-skills.com | 2,017 |
Cash flows from operating activities | |
Profit before taxation | 546,000 |
Adjustments for: | |
Depreciation | 78,000 |
Investment income | - |
Interest expense | - |
Profit / (Loss) on the sale of property, plant & equipment | - |
Working capital changes: | |
(Increase) / Decrease in trade and other receivables | 222 |
(Increase) / (Decrease) in inventories | 347 |
Decrease in Cash | (34) |
Decrease in Bank OD | 167 |
Increase in Tax payables | (35) |
Decrease in trade payables | (369) |
Cash generated from operations | 624,298 |
Interest paid | - |
Income taxes paid | (126) |
Dividends paid | (63,000) |
Net cash from operating activities | 561,172 |
Cash flows from investing activities | |
Business acquisitions, net of cash acquired | (55,000) |
Purchase of property, plant and equipment | 1,079 |
Proceeds from sale of equipment | |
Acquisition of portfolio investments | (336,000) |
Share of profit from associate | 120,000 |
Investment income | 106,000 |
Net cash used in investing activities | (163,921) |
The following are extract from the financial statements of Tyson and one of its wholly owned...
Introduction Group financial statements are prepared to show the financial position and performance of the parent and its subsidiaries as a single economic unit. A complete set of financial statements is made up of five components, namely Statement of Comprehensive Income, Statement of Changes in Equity Statement of Financial Positions, Statement of Cash Flows, and Notes to Financial Statements Transactions involving all companies within the same group are presented as a single entity Information The Lion Group carries on business...
QUESTION 5: The following information has been extracted from the financial statements of YDI Limited: Extract of Statement of Comprehensive Income for the year ended 31 December: 2019 2018 $ $ Sales 2 000 000 1 600 000 Cost of sales 940 000 800 000 Operating profit 600 000 520 000 Profit before tax 520 000 450 000 Profit after tax 364 000 315 000 Extract of Statement of Financial Position as at 31 December: Assets 2019 2018...
1) Which of the following statements is not true with respect to consolidated financial statements? A) Consolidated financial statements should be prepared using uniform accounting policies. B) Consolidated statements should include the consolidated cash flow statement. C) Investment in an associate company is accounted for using the equity method of accounting. D) During a financial year if a parent company loses ‘control’ of a subsidiary company, the consolidated statement of comprehensive income should not include the profit or loss of...
Set out below are the financial statements of Emcar plc. Income Statement for the year ended 31 December 2017 $'000 Turnover 2,553 Cost of sales (1,814) Gross profit 739 25 Other Income: discount received Distribution costs Administrative expenses Finance cost (125) (264) (75) 300 Profit before tax Income tax expense Profit for the period 140 160 Statement of Financial Position as at 31 December 2017 2016 000.$ 000.$ Assets Non-current assets Property, plant and equipment Intangible assets Investments 380 305...
The following information pertains to Brilliant CC: EXTRACT FROM THE STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2020 2019 ASSETS R R Non-current assets 54 000 50 000 Property, plant and equipment 54 000 50 000 Current assets 38 400 36 000 Inventaries. 12 400 10 200 Trade receivables (Trade debtors) 10 000 10 400 Other financial assets 12 000 14 000 Cash and cash equivalents 4 000 1 400 Total assets.... 92 400 86 000 EQUITY AND LIABILITIES...
10.10 Given below are the statements of financial position of Bell, Edison and Campbell as at 31 December 25, Bell RM'000 Edison RM'000 Campbell RM 000 Equity Ordinary share capital Retained profit 1,200 300 1,500 600 (100) 500 650 200 Assets Investment 300,000 ordinary shares of Edison (cost) 400,000 ordinary shares of Campbell Sundry assets Liabilities Liabilities 570 200 830 650 950 (100 (100) 1,500 (150) 500 850 when the retained prot Additional information: a. Bell acquired 300,000 of the...
The following information pertains to Brilliant CC: EXTRACT FROM THE STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2020 2019 ASSETS R R Non-current assets 54 000 50 000 Property, plant and equipment 54 000 50 000 Current assets 38 400 36 000 Inventories 12 400 10 200 Trade receivables (Trade debtors) 10 000 10 400 Other financial assets 12 000 14 000 Cash and cash equivalents. 4 000 1 400 Total assets..... 92 400 86 000 EQUITY AND LIABILITIES...
This is BBM206/05 Business Accounting II subject Question 2 Kopi Sdn Bhd's statement of profit or loss for the year ended 31 December 2018 and statements of financial position at 31 December 2017 and 31 December 2018 were as following: STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2018 RM'000 RM'000 Revenue 720 Raw materials consumed 70 Staff costs 94 Depreciation 118 Loss on disposal of non-current asset 18 Interest payable (28) Profit before tax Taxation (124)...
Range Energy Corp.’s financial statements for the current year ended December 31, 2017, have been completed and submitted to you for review. The equity account balances a year ago, at December 31, 2016, are as follows: Preferred shares, $4.20 non-cumulative, 10,400 shares authorized, issued, and outstanding $752,050 Common shares, unlimited shares authorized, 124,000 shares issued and outstanding 1,428,350 Retained earnings 681,795 The only share transactions during 2017 were the declaration and distribution of a 24,800 common share dividend on July...
The following extract from the income statement has been prepared for Kingstone plc for the year ended 30 June 2017 $000 Revenue 23470 Cost of sales (11744) 11726 Gross profit Dividends received 1500 Gain on disposal of non-current asset Distribution costs 790 (4276) (3148) 6592 Administrative expenses Profit from operations On 1 May 2017 the directors issued $11250 000 8% debentures redeemable in 2022. The estimated tax liability for the year was $1564 000. Additional information The last two statements...