Calculate the company's free cash flow for the year ending 31 December 2018

TUTORIAL LETTER 1 ASSIGNMENT 1) - 2020 FIRST SEMESTER FMADO FINANCIAL MANAGEMENT I 2.2. The following are the statements of financial position and extracts from the statement of comprehensive income provided by Keith Corporation: Keith Corporation Statements of Financial Position as at 31 December 2017 and 2018 ASSETS 2018 2017 Non-current assets R'000 R'000 Gross non-current assets 29 500 28 100 Accumulated depreciation 14 700 13 100 Net non-current assets 14 800 15 000 Current assets Inventories 2 900 2 800 Cash and cash equivalents 3 300 2 200 Trade receivables 2 000 1 800 Total current assets 8 200 6 800 Total assets 23 000 21 800 EQUITY AND LIABILITIES Share capital Retained earnings Total equity Non-current liabilities 10 000 3400 13 400 10 000 2 800 12 800 5000 Long-term loan Current liabilities 5 000 1 500 2 200 300 Trade and other payables Short-term borrowings Accruals Total current liabilities Total liabilities Total equity and liabilities 1 600 2 800 200 4 600 9 600 23 000 4 000 9 000 21 800 Extracts: Statement of Comprehensive Income for the period 2018 Depreciation expense 1 600 000 Earnings before interest and taxes ( ) 2 700 000 Finance cost 367 000 Net profit after taxes oposo VAT 1 400 000 Page 7 of Assignment SBS So che