Simplified financial statements for York plc are: Notes: 2013 1 Operating expenses include depreciation of 13 million
Question:
Simplified financial statements for York plc are:
Notes:
2013 1 Operating expenses include depreciation of £13 million and a surplus of £3.2 million on the sale of non-current assets.
2 The expense and the cash outflow for interest payable are equal.
3 A dividend of £3.5 million was paid during 2013.
4 Non-current asset costs and depreciation:
Required:
Prepare a statement of cash flows for York plc for the year ended 30 September 2013.
Transcribed Image Text:
Income statement for the year ended 30 September 2013 Revenue Cost of sales Gross profit Operating expenses (Note 1) Operating profit Interest payable (Note 2) Profit before taxation Taxation Profit for the year m 290.0 (215.0) 75.0 (62.0) 13.0 (3.0) 10.0 (2.6) 7.4
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