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could someone please explain me how they derived :profit on disposal of non current assets, interest expense, increase in payable and change in cash. thank
could someone please explain me how they derived :profit on disposal of non current assets, interest expense, increase in payable and change in cash. thank you
XYZ plc Statements URT 31 December 20X1 Cost Dep'n NBV 31 December 20xo Cost Dep'n 000 000 F 000 000 000 e Non-current assets Buildings Plant and equipment 200.000 50,000 150,000 100.000 50,000 50,000 300.000 100.000 200.000 100,000 100,000 200,000 20,000 BOO 30,000 7000 50,000 150.00 Current assets 1,000 32,000 29,000 15,000 38,000 Inventory Trade receivables Cash at Bank 62,000 53.000 262.000 203.000 Total assets Liabilities and equity Current liabilities Trade payables Bank overdraft Taxation Interest payable 15,000 10,000 12,000 15,000 6,000 25,000 12,000 52,000 43,000 Non-current liabilities Debentures Total liabilities Equity Share capital Retained earnings 20,000 72,000 50.000 93,000 150,000 100,000 40,000 10,000 Total equity and liabilities 190,000 262.000 110.000 203.000 hedden paid in the year was 6000 with a total cost of clom, on which of om had been provided, werewold darin on disposal of im Required cash flow statement for XYZ ple for the year and mber 20X1, to highlight the change in the company's position during the year Discuss the usefulness of your statement in assessing the per of the company for the year in question XYZ plc Cash PIUM '000 '000 ating profit to net cash flow from operating activities Reconciliation of net operating profit to Profit before tax (W1) Depreciation (W2) Profit on disposal of non-current assets Interest expense 61,000 56,000 (1,000) 10,000 14,000 6,000 5,000 151,000 Decrease in inventory (1,000 - 15,000) Decrease in receivables (32,000 - 38,000) Increase in payables (15,000 - 10,000) Cash flow from operating activities Less: Interest paid (6,000b/f + 10,000 IS-12,000c/f) Taxation paid Dividends paid (4,000) (15,000) (6,000 (25,000) Net cash flow from operating activities Inventing activities 126,000 Payments to buy tangible non-current assets (W3) Receipts from sale of non-current assets (4) (110,000) 5,000 (105,000) Financing activities Issue of ordinary share capital (150,000 - 100,000) Redemption of debentures (20,000 - 50.000) 50,000 (30,000) 20,000 41,000 Change in cash (29,000 - (-12,000))Step by Step Solution
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