2.2- Cash flow and balance sheet analysis

Balance Sheet of Company X

	Dec-00	Dec-01			Dec-00	Dec-01
Property, Plant, Equipment	100	130		Capital	100	100
Depreciation	-30	-50		Reserves	20	20
Non-current Assets	70	80		Retained Earnings	0	-10
Inventories	50	200		Net Income	-10	30
Provisions for depreciation	-2	-20		Shareholder's Equity	110	140
Trade Accounts Receivables	100	120		Provisions for losses and contingencies	5	8
Provisions for depreciation	-2	-3		Long-term Debts	50	50
Other Receivables	20	10		Accounts Payables	100	120
Cash	199	6		Other payables	30	25
Current Assets	365	313		Short term debts	140	50
TOTOAL ASSETS	435	393		TOTAL LIABILITIES	435	393

PLEASE PREPARE A CASH-FLOW ANALYSIS ON THE BASIS OF THE BELOW DOCUMENT AND COMMENT IT.

OPENING CASH BALANCE AS AT 31/12/00	199
Net income
Depreciation
Change in Provisions
Change in Working Capital
Other Changes in current assets and liabilities
Investment
Change in Loans
Change in Capital
TOTAL CHANGE IN CASH IN 2001	-193
CLOSING CASH BALANCE AS AT 31/12/01	6

PLEASE COMMENT THE BALANCE SHEET