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Hello experts, please help me with this attachment. thanks Question 4 (2 marks The following shows the Consolidated Statement of Cash Flows for Harvey Norman
Hello experts, please help me with this attachment. thanks
Question 4 (2 marks The following shows the Consolidated Statement of Cash Flows for Harvey Norman from their 30 June 2019 Annual Report p.65 (https://www.annualreports.com/HostedData/AnnualReports/PDF/ASX HVN 2019.pdf ) CONSOLIDATED June June 2019 2018 Note $000 Cash Flows from Operating Activities Net receipts from franchisees 858,372 947.058 Receipts from customers 2.397.871 2,134,595 Payments to suppliers and employees (2.681,840) [2,388,310) Distributions received from joint ventures 10,027 10,125 GST paid (56,815) [66,102) Interest received 6.625 5.871 Interest and other costs of finance paid (29.223) [25,619) Income taxes paid (135,139) [166,161) Dividends received 2.967 2.713 Net Cash Flows From Operating Activities 28(b) 372.845 454.170 Cash Flows from Investing Activities Payments for purchases of property, plant and equipment and intangible assets 94.222) (93,895) Payments for purchase of investment properties Proceeds from sale of property. plant and equipment (27.878) (125,661) and properties held for resale 2.911 2.422 Payments for purchase of units in unit trusts and other investments (1.320) [107) Payments for purchase of equity accounted investments (434) (4.256) Proceeds from sale of equity investments 18,470 10.436 Proceeds from insurance claims 903 2.458 Cash obtained on consolidation of KEH Partnership 60 Proceeds from the completion of the Administrator Sale of the Coomboona JV assets 40.500 Loans granted to joint venture entities. joint venture partners and related and unrelated entities (5,183] (94.882) Net Cash Flows Used In Investing Activities (66.203] (303,485) Cash Flows from Financing Activities Proceeds from shares issued - executive share option plan 2.072 Proceeds from shares issued - r beable pro-rata Entitlement Offer 163,869 [Repayments)/Proceeds from Syndicated Facility (25,000) 210.000 Dividends paid (342,122) (267.337) Loans repaid to related parties (39.559) (6.573) Repayments of other borrowings (3,477) 6.266) Net Cash Flows Used In Financing Activities (246.289) (68,104) Net Increase in Cash and Cash Equivalents 60,353 82.581 Cash and Cash Equivalents at Beginning of the Year 125,463 42.882 Cash and Cash Equivalents at End of the Year 28[a) 185,816 125,463 Review each section of the Statement of Cash flows above and the overall cash position of the company to justify why (or why you would not) consider investing in this company (150 words). (2 marks)Step by Step Solution
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