QUESTION 4: Cash Flow Statements

Use the Balance Sheet and Income Statement provided to complete the cash flow statement provided in the template. Please show all workings.

Shoppere COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2020 20194 $'000's $'000's - Current Assets Cash at Bank- 146 134 Accounts Receivable + 52+ 45 Prepaid Insurance 10 6 Inventory+ 46+ Non-Current Assets Machinery+ 170 less Accum. Depr Machinery- 60 110 Investments 20 Total Assets 476 361 Current Liabilities Accounts Payable+ 58 Wages Payable- Income Tax Payable Non-Current Liabilities Loan- 100 Total Liabilities - 171+ Net Assets 190 Shareholders' Equity Share Capital 60 50 Retained Profits 2316 291 140 190t Shopper INCOME STATEMENT FOR THE YEAR ENDED JUNE 30, 2020 $'000's Net Sales- 995- Cost Of Goods Sold 600- Gross Profit:- 395 Other Revenue:- Gain on Sale of Assets Interest Income 46 24+ 419 Expenses:- Selling & Distribution Expenses- 120 Administrative Expenses 72+ Bad Debts Expenses 84 Depreciation Expense 40- Interest Expense~ 84 248- Net profit before tax 171- Income tax expense 50 Net profit 121-STATEMENT OF CASH FLOWS- FOR THE YEAR ENDED 30 JUNE 2020- t Cash Flows from Operating Activities Receipts from customers Payments to suppliers & employees Interest received Interest paid Income tax paid Cash Flows from Investing Activities - Cash on Disposal of Machinery t Purchase of Machinery Purchase of Investments~ t Cash Flows from Financing Activities - Loan Share capital issued Dividends paide L L t Net increase / decrease in cash held- Cash at the beginning of the year Cash at the end of the year