Below are a balance sheet and an income statement that have been simplified. Ignore income taxes.

OA= Operating assets; OL = Operating liabilities; FA = Financial assets; FL = Financial liabilities

EQ= Equity

Assets			Liabilities & Equity
	Year 2020	Year 2019		Year 2020	Year 2019
OA	$2,053	$1,899	OL	$ 406	$ ??
FA	457	420	FL	1,204	1,204
			EQ	??	773
Total	$2,510	$2,319	Total	$2,510	$2,319

Income statement for Year 2020

Operating revenues $1,345

Operating expenses (1,118)

Operating income (EBIT) 227

Interest revenue 25

Interest expenses (96)

Comprehensive income $ 156

Required:

a.

8 marks

Calculate FCF = NOPAT change in NOA

Helpful to complete:

2020 2019

OA

OL

NOA

b.

6 marks

Calculate D, the net cash payments to shareholders.