Critically evaluate the financial strength of Funtastic Ltd using cash flow statement for 2017,2018,2019

(provide a clear answer using cashflow statement data)

Consolidated Statement of Cash Flow FOR THE YEAR ENDED 31 JULY 2019 Note Year ended Year ended 31-Jul-19 31-Jul-18 $'000 S'000 31,119 46,463 (54,777) (38,616) (7,497) (8,314) 49 29 (562) (8,030) (1,917) (10,182) 25(c) 1 2 (145) (5) (147) (281) 126 Cash Flows from Operating Activities Receipts from customers Payments to suppliers and employees Cash (utilised)generated from operations Income taxes refunded (paid) Interest and other costs of finance paid Net cash outflow from operating activities Cash Flows from Investing Activities Interest and other investment income received Payments for plant and equipment Payments for other intangible assets Proceeds from sale of plant and equipment Proceeds from sale of International Net cash outflow from investing activities Cash Flows from Financing Activities Proceeds from borrowings Repayment of commercial bills Security deposit paid Proceeds from share issue Costs from share issue Net cash inflow from financing activities Net Increase/(decrease) in Cash Held Cash and cash equivalents at the beginning of the year Effects of exchange rate changes on the balance of cash held in foreign currencies Cash and cash equivalents at the end of the year The above statement of cash flows should be read in conjunction with the accompanying notu (151) (298) 5,666 2.630 (5,136) (50) 8,355 8,232 (784) 7,928 (438) 10,547 67 (253) 718 664 (13) 25(a) 465 718 Consolidated Statement of Cash Flows For the year ended 31 July 2018 Year ended 31 July 2018 $'000 Year ended 31 July 2017 $'000 Note Cash Flows from Operating Activities 61.731 46,463 (54,777) (8.314) (60,897) 834 49 (1.917) (10,182) (25) (3.559) (2.750) 270 Receipts from customers Payments to suppliers and employees Cash (utilised/generated from operations Income taxes refunded/(paid) Interest and other costs of finance paid Net cash outflow from operating activities Cash Flows from Investing Activities Interest and other investment income received Payments for plant and equipment Payments for other intangible assets Proceeds from sale of International subsidiary- Funtastic International Limited (HK) Net cash outflow from investing activities 2 439 (145) (281) 126 (888) (540) (298) (989) 2,630 3,647 8.355 (438) 10,547 3,647 Cash Flows from Financing Activities Proceeds from borrowings Proceeds from share issue Costs from share issue Net cash inflow from financing activities Net increase/(decrease) in Cash Held Cash and cash equivalents at the beginning of the year Effects of exchange rate changes on the balance of cash held in foreign currencies Cash and cash equivalents at the end of the year The above statement of cash flows should be read in conjunction with the accompanying notes 67 (92) 764 664 (13) (8) 27() 718 664