The following are the summarized consolidated financial statements of the Princi
ID: 2594963 • Letter: T
Question
The following are the summarized consolidated financial statements of the Principal Group Consolidated Statements of Financial Position as on 31 December 20X0 $000 8,357 510 3,705 2,056 20X1 Non-current Assets Investments in Associates Inventories Trade Receivables TOTAL ASSETS: 9,731 525 4,432 3,149 Share Capital and Share Premium Revaluation Reserve Exchange Translation Reserve Accumulated Profits Non-controlling Interest 3,680 186 86 3,183 3,191 186 39 2,489 Bank Overdraft Trade Payables Tax Debenture Loans Deferred Tax 2,122 3,724 941 3,397 216 10.400 1,820 2,934 353 3,203 147 8,457 TOTAL EQUITY AND LIABILITIES:Explanation / Answer
PRINCIPAL GROUP
Statement of Cash Flows for year ending 31 Dec 20X1
1
Cash flows from operating activities:
$ 000s
$ 000s
2
OPERATING INCOME
2129
3
Adjustments to reconcile net income to net cash flow from operating activities:
4
ADD DEPRECIATION
+684
5
ADD LOSS ON SALE OF NCA
+10
ADD INESTMENTS
+15
ADD EXCHANGE RES
+47
+756
6
Changes in current operating assets and liabilities:
7
INVENTORY
-727
8
ACC REC
-1093
9
ACC PAY
+790
10
-1030
11
Cash flows from investing activities:
12
PURCHASE OF NON CURRENT ASSETS
-2202
13
SALE PROCEEDS OF NCA
+250
-1952
15
Cash flows from financing activities:
16
ISSUE OF COMMON STOCK
+489
17
DEB LOANS
+194
18
TAX PAID
-432
DIV PAID
-492
NCI
+36
-205
19
-302
20
Cash at the beginning of the year
-1820
21
Cash at the end of the year
-2122
PRINCIPAL GROUP
Statement of Cash Flows for year ending 31 Dec 20X1
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