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SHOW YOUR CALCULATION IN DETAILED PLS Prepare Cashflow Statement for ABC company from the following information. Showing your workings. (Unit: CU1000) ABC's statement of financial
SHOW YOUR CALCULATION IN DETAILED PLS
Prepare Cashflow Statement for ABC company from the following information. Showing your workings. (Unit: CU1000) ABC's statement of financial position As at March 31, 20X7 ASSETS 31 March 20X7 31 March 20X6 I. Non-current assets 1. Properties, plants and equipment 500.000 500,000 2. Intangible assets 95.000 100.000 3. Non-current investments 100,000 130,000 120,000 327,000 1,272,000 50,000 80,000 205.000 935,000 II. Current assets 1. Inventories 2. Trade receivables 3. Cash and cash equivalents Total assets EQUITY AND LIABILITIES I. Equity 1.Share capital 2. Retained earnings II. Non-current liabilities 1. Long-term borrowings: 10% bank loan III. Current liabilities 1. Trade payables 2. Accrued rental 3. Provisions for taxation Total equity and liabilities 700,000 420.000 500,000 250,000 50,000 100,000 45.000 7,000 50,000 1,272,000 50.000 5,000 30.000 935,000 Additional information: 1. Properties, plants and equipment including: 31 March 20X7 Equipment 230,000 Furniture 270.000 Total 500,000 31 March 20X6 200,000 300.000 500,000 2. During the year, equipment with cost of 80,000 was purchased. Loss on sale of equipment amounted to 5,000. 3. Depreciation charged on equipment and furniture of 15,000 and 30,000 relatively. Amortisation of intangible assets is at 5% on reducing balance. 4. Bank loan 50,000 was repaid on 31 March 20X7. 5. Dividend declared and fully paid for the year 20X5-20X6 was 50,000. 6. Provision for taxation of the previous year is fully paid and all of provision for taxation of current year has not been paid. 7. During the year, the company made a 2 for 5 rights issuance
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