Obtain a Copy of a large corporations annual report and refer to the statement of cash flows. You can use a corporation from your territory/country/Island or download one that is available online. Financial statements for any year from 2012 to 2018 are acceptable, ensure the statement has comparative years, e.g. 2012 should also have 2011 information.

Required. 1) Did the company use the direct or indirect method of disclosing cash flows? (2 marks)

2) Comment on the relationship between cash flow from operations and net income for the year of the statement and the previous year. (2 marks)

3) What was the most significant source of cash from operating activities during the period covered by the statement and the previous period? (2 marks)

4) What were the firms major investing activities during the period covered by the statement and the previous period? Were cash flows from operations more or less than cash flows from investing activities? (2 marks)

5) What were the most significant cash flows from financing activities during the year of the statement and the previous year? (2 marks

2016 Notes Cash flows from operating activities 5,16 Gain on disposal of property and equipment Foreign exchange loss on investment securiies Unrealised loss on investment securities at fair value through profit or loss 12 Realized loss on disposal of investment securities Movement in provision for impairment of loans and advances Cash flows before changes in operating assets and liabilities Increase in mandatory deposits with Central Bank Increase in loans and advances Increase/decrease in other assets increase in deposits from customers and commercial paper Increase in other liabilities 11(a) Net cash generated by operating activities Cash flows from Investing acivities Proceeds from maturity(investment in purchase) of bonds Inwestment inyproceeds from maturity of treasury bills Proceeds from disposal of investment securities Proceeds from sale of property and equipment Net cash (used in/generated by investing activities Dividends paid, being net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents-beginning of year Cash and cash equivalents-end of year 2016 Notes Cash flows from operating activities 5,16 Gain on disposal of property and equipment Foreign exchange loss on investment securiies Unrealised loss on investment securities at fair value through profit or loss 12 Realized loss on disposal of investment securities Movement in provision for impairment of loans and advances Cash flows before changes in operating assets and liabilities Increase in mandatory deposits with Central Bank Increase in loans and advances Increase/decrease in other assets increase in deposits from customers and commercial paper Increase in other liabilities 11(a) Net cash generated by operating activities Cash flows from Investing acivities Proceeds from maturity(investment in purchase) of bonds Inwestment inyproceeds from maturity of treasury bills Proceeds from disposal of investment securities Proceeds from sale of property and equipment Net cash (used in/generated by investing activities Dividends paid, being net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents-beginning of year Cash and cash equivalents-end of year