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The Statement of Financial Position for Cush Limited for the year to 30 September 2022 is as follows: Non-Current Assets: 2022 2021 Land cost 300,000
The Statement of Financial Position for Cush Limited for the year to 30 September 2022 is as follows:
Non-Current Assets: | |||
2022 | 2021 | ||
Land cost | 300,000 | 200,000 | |
Buildings cost | 450,000 | 400,000 | |
Buildings Accumulated Depn | (215,000) | (120,000) | |
535,000 | 480,000 | ||
Current Assets | |||
Inventory | 25,000 | 22,000 | |
Trade Receivables | 36,000 | 39,000 | |
Cash & Bank | 15,000 | 17,000 | |
Short term liquid investments | 5,000 | 7,000 | |
81,000 | 85,000 | ||
Total Assets | 618,000 | 565,000 | |
Equity | 2022 | 2021 | |
Issued Share Capital | 15,000 | 10,000 | |
Share Premium | 80,000 | 10,000 | |
Retained Earnings | 359,000 | 387,000 | |
454,000 | 407,000 | ||
Non-current liabilities | |||
Debentures | 120,000 | 100,000 | |
Current Liabilities: | |||
Trade Payables | 23,000 | 10,000 | |
Taxation | 12,000 | 16,000 | |
Bank overdraft | 7,000 | 32,000 | |
37,000 | 51,000 | ||
Total Equity & Liabilities | 618,000 | 565,000 |
We are also told that Cush declared and paid dividends of 50,000. What is the what is the net cash flows from financing activities figure for inclusion in the Statement of Cash Flows for the year ending 30 September 2022?
Enter your answer as a number with no sign. If your answer is a negative number place a "-" symbol in front of the number (eg if the answer is minus ten thousand, your answer should be -10000)
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