Topic: Statement of Cash Flows

Fiji Television limited is the longest running free-to-air television station in Fiji. In 2018, it marked the completion of 24 years of compelling content being broadcasted to the viewers in Fiji and in the Pacific Islands.

For the year ending 30th June 2018, the consolidated group net profit after tax recorded was $819,248 in comparison to the net profit of $575,134 recorded for the previous year.

Below is an extract from 2018 Annual Report:

i. For the purpose of the statement of cash flows at Fiji TV, discuss how cash is and cash equivalents defined?

ii. Outline any major strength of the company's cash flows from investing activities?

iii. Identify the major investing and financing activities undertaken in the last financial year. How do these major activities compare with the previous years' activities?

iv. Has the company performed well or poorly? Justify your conclusion.