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39.1 Solution
39.1 Solution
Statement of Cash Flows for the year ended 31st December 2016
$ $
Cash Flows from Operating Activities
Net Profit
Adjustment for:
Depreciation
Operating Cash Flows B4 Movement in W.C
Decrease in Inventory 2000
Decrease in Accounts Receivables 5000
Decrease in Accounts Payables -7000
Net Cash from Operating Activities
Cash Flows from Investing Activities
Purchase of Non-Current Asset -6000
Net Cash Used In Investing Activities
Cash Flows from Financing Activities
Receipt of Loan 25,000
Drawings -24,000
Net Cash from Financing Activities
Net Increase in Cash & Cash Equivalents
Cash & Cash Equivalents at the Beg of Yr
Cash & Cash Equivalents at the End of Yr
Calculations: 2015
Land & Premises Cost 160,000
NBV 140,000
Acc. Depreciation 20,000
26,000
4,000
30,000
0
30,000
-6,000
1,000
25,000
-17,000
8,000
2016
160,000
138,000
22,000
30,000
26,000
4,000
Pat Bond
Statement of Cash Flows for the year ended 31st December 2017
$ $ $
Cash flows from Operating Activities
Net Profit 42,320
Adjustments for:
Depreciation (400 + 4,040) 4440
Operating Cash Flows B4 Movement in Working Capital 46,760
Increase in Inventory -13,600
Increase in Accounts Receivables -3,600
Decrease in Accounts Payables -6,588 -23,788
Net Cash Flow from Operating Activities 22,972
Cash Flows from Investing Activities
Payments to acquire Non-Current Assets -11800
Net Cash flow used in Investing Activities -11,800
Cash Flows from Financing Activities
Loan Received 10,000
Cash Introduced 20,000
Drawings -43,200
Net Cash used in Financing Activities -13,200
Net decrease in Cash & Cash Equivalents -2,028
Cash & Cash Equivalents at Beg. Year 2,240
Cash & Cash Equivalents at End. Year 212
23,240
1,380
24,620
-3,000
21,620
3,820
-25,130
310
410
720