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USD mn 2011 2012 NI 10 15 Accumulated Depreciation 50 55 Interest expense -6 -8 Tax 30% 30% Dividend 5% 10% Current Assets 10 12

USD mn 2011 2012
NI 10 15
Accumulated Depreciation 50 55
Interest expense -6 -8
Tax 30% 30%
Dividend 5% 10%
Current Assets 10 12
Current Liabilities 5 7
USD mn 2011 2012
Gross Block 55 78
Debt drawdown 15 25
Debt repayment -6 -8
Equity balance in balance sheet 15 25

What is the Cash flow from Financing for 2012? The correct answer is C. How do you get this? It should be 19.9m.

a. USD 22.4m

b. USD (21)m

c. USD 19.9m

d. USD (21.4)m

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