The balance sheets for Victoria plc as at 30 June 2009 and 30 June 2010 are shown below:

The following information is also relevant:
1. During the years 2009 and 2010 Victoria plc disposed of no non-current assets.
2. Interim dividends were not paid during the years ended 30 June 2009 and 2010.
3. Non-current liabilities borrowing is a 10% £1m debenture and loan interest was paid on 10 February in each year.
You are required to:
(i) Calculate:

(a) profi t before tax for the year ended 30 June 2010

(b) operating profi t for the year ended 30 June 2010 (ii) Prepare for Victoria plc for the year to 30 June 2010 a statement of cash generated from operations using the indirect method, and a statement of cash fl ows for the year ended 30 June 2010 in compliance with IAS 7, and also an analysis of cash and cash equivalents for the same period.

Transcribed Image Text:

Non-current assets Cost Depreciation provision Total non-current assets Current assets Inventories Trade and other receivables Cash and cash equivalents Total current assets Total assets Victoria plc Balance sheet as at 30 June 000 000 2009 2010 6,900 9,000 900 1,100 6,000 7,900 2,600 4,000 2,000 2,680 200 4,800 6,680 10,800 14,580