Here are some data on Fincorp, Inc. Fincorp follows IFRS. The statement of financial position items correspond to values at year-end of 2014 and 2015, while the statement of comprehensive income items correspond to revenues or expenses during the year ending in either 2014 or 2015. All values are in thousands of dollars.

20152014Trade payables$350$300Revenue4,1004,000Depreciation(320)(300)Short-term investments550430Inventories350300Long-term debt2,4003,000Provisions770680Administrative expenses(550)(500)Federal and provincial taxes(420)(400)Trade receivables450400Finance income^b12050Finance expense(150)(150)Property, plant, and equipment^c5,8005,000Dividends paid(410)(410)Cost of goods sold(1,700)(1,600)Cash and cash equivalents300800

Taxes are paid in their entirety in the year in which the tax obligation is incurred.^b Finance income is gain in value of short-term investments. Property, plant, and equipment are net of accumulated depreciation and impairment losses since the assets were installed.

a.Using the data for Fincorp, determine the cash flow from assets. Treat interest as a financing flow.Cash flow from assets$thousand

Using the data for Fincorp, determine the cash flow to bondholders. Treat interest as a financing flow.Cash flow to bondholders$thousand

Using the data for Fincorp, determine the cash flow to shareholders. Treat interest as a financing flow.Cash flow flow to shareholders$thousand

Using the data for Fincorp, determine financing flows. Treat interest as a financing flow.Financing flow$thousand

b.Assuming that Fincorp's tax rate is 28%, calculate its after-tax finance expense.After-tax interest expense$thousand

c.Using the after-tax finance expense, recalculate cash flow from assets and financing flow.Cash flow from assets$thousand

Using the after-tax finance expense, recalculate financing flow.Financing flow$thousand