Statement of Casn PIOWS 5.5 anny Crane Entity\'s statement of profit or loss and

Question

Statement of Casn PIOWS 5.5 anny Crane Entity's statement of profit or loss and other comprehenive income and s position are given below. s and other comprehensive income and statements of financial Statement of Profit or Loss and Other Comprehensive Income for the Year ended 31 December x5 Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive income Surplus on revaluation of land Total comprehensive income RM'000 1,440 (140) (180) (200) (30) 890 (40) 25 50 925 (210) 715 100 815

Explanation / Answer

Danny Crane Entity statement of cash flow for the year ending December 31, x5 Profit after tax 715 Adjustments for arriving at cash flows:    Depreciation 200    Loss on sale of plant 30    Gain on sale of investment -25    Income from investment -50    Bank overdraft -40    Trade payables 13    Tax payable -15    Inventories 16    Trade receivables -13 Net cash flow from operations 831 Cash flow from investing activities     Sale of plant 200     Sale of investment 195      Purchase of plan and equipment * -800      Development expenditure -478      Income from onvestment 50 Net cash flow from investing activities -833 Cash flow from finaicng activities Common stock issued (1320 -1100) 220 Redemption of preferred shares -50 Redemption of debentures -50 Dividend preferred stock -50 Dividend on common stock -72 Cash flow from financing activities -2 Net cash flow -4 Beginning cash balance 31 Ending cash balance 27 Plant purchase Net value as on Dec.31, x4 790 Depreciation for the year x5 190 Net value of the old assets 600 Net value of the asset sold 230 Net value of the existing assets 370 Actual net value as at Dec.31, x5 1170 Plant and equipment purchased * 800

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