Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corporatization in Fiji - A Case Study of EFL (Statement of Cash Flows) Company Background Energy Fiji Limited, previously the Fiji Electricity Authority, was established,

Corporatization in Fiji - A Case Study of EFL (Statement of Cash Flows)

Company Background

Energy Fiji Limited, previously the Fiji Electricity Authority, was established, incorporated and constituted under the provisions of the Electricity Act of 1966. Fiji Electricity Authority corporatised into Energy Fiji Limited (EFL) on 16 April 2018. EFL is a public company limited by shares and registered under the Companies Act of Fiji (Revised 2015).

Below is an extract from 2020 Annual Report:

Source: http://www.parliament.gov.fj/wp-content/uploads/2021/08/57-Energy-Fiji-Limited-Annual-Report-2020.pdf

Question

i. For the purpose of the statement of cash flows at EFL, what does cash and cash equivalents comprise of in 2020.

ii. Discuss the impact of Covid-19 on EFL's sales, operations and capital expenditure projects in 2020.

iii. Upon examination of 2020 statement of cash flows of EFL, state the following:

The total net cash flows for each of the three categories.

Which category provided most cash inflows?

Which category had the greatest cash outflows?

iv. Identify the major investing and financing activities undertaken in the last financial year. How do these major activities compare with the previous years' activities?

v. Compare current net cash and cash equivalent figure (at 31 Dec) with prior year. Has the company performed well or poorly in 2020? Justify your conclusion.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Decision Making And Control

Authors: Jerold Zimmerman

10th Edition

1259969495, 978-1259969492

More Books

Students also viewed these Accounting questions

Question

Explain the relationship between thoughts, feelings, and actions.

Answered: 1 week ago

Question

3. What is my goal?

Answered: 1 week ago

Question

2. I try to be as logical as possible

Answered: 1 week ago