Question
The following are the summarized accounts of Events Tourism Ltd. a company specializing in operating hospitality, tourism and leisure events Statement of Comprehensive Income
The following are the summarized accounts of Events Tourism Ltd. a company specializing in operating hospitality, tourism and leisure events Statement of Comprehensive Income 31 December 2013 $('000) 31 December 2012 $('000) Assets Revenue 17,800 18,700 Non-current assets at cost Statement of Financial Position 31 December 2013 $('000) 90,000 31 December Operating expenses 11,200 13,100 Accumulated Depreciation 22,500 2012 $('000) 102,000 25,500 Operating profit 6,600 5,600 Net hook Fale 67,500 76.500 Interest 1,200 1,200 Current assets Net profit before tax 5,400 Corporation tax 750 Net profit after tax 4,650 4,400 600 3,800 Inventories 1200 900 Receivables 1500 1,200 Short-term investments 500 700 Dividends: Preference 300 300 Bank 2250 1,300 Ordinary 700 1,000 600 900 Total current assets 5,750 Total assets 73.250 4,100 80,600 Equity and liabilities - Equity Ordmary Share capital 2.600 2,600 Preference Share capital 2,000 2.000 Share premium 6,300 6.300 General reserve 29,400 29,400 Retained profits 11.850 8.200 52.150 48,500 Non-current liabilities Loans 18,000 29.900 Current habilities Payables Notes 2.050 1500 Accruals 150 50 Taxation 750 600 Loan Interest Due 150 50 Total current liabilities 3,100 2.200 Total equity and liabilities 73,250 80,600 Depreciation charged on non-current assets in existence at the year end amounting to $4,500,000.00 A loss on the sale of non-current assets amounting to $3,650,000. That assets sold originally cost of $30,000,000 and had accumulated depreciation of $7,500,000. Required Prepare a statement of cash flows in accordance wit IAS 7 for the year ended 31 December 2013
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started