3. 19.

Calculating cash flows [LO 2.4] Consider the following abbreviated financial statements for Kurri Kurri Limited:

1. 1. What is owners’ equity for 2019 and 2020?
2. What is the change in net working capital for 2020?
3. In 2020, Kurri Kurri Limited purchased $2 496 in new noncurrent assets. How much in non-current assets did Kurri Kurri Limited sell? What is the cash flow from assets for the year? The tax rate is 30 per cent.
4. During 2020, Kurri Kurri Limited raised $504 in new non-current debt. How much non-current debt must Kurri Kurri Limited have paid off during the year? What is the cash flow to creditors?

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Kurri Kurri Limited 2019 and 2020 Partial statement of financial position Assets 2020 2019 Liabilities and shareholders' equity 2020 2019 Current assets $1307 $1206 Current liabilities $ 541 $ 482 Net non-current Non-current 5988 4973 2795 2628 assets debt