Question
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 |
| Gross Block | 55 | 78 |
| Debt drawdown | 15 | 25 |
| Debt repayment | -6 | -8 |
| Equity balance in balance sheet | 15 | 25 |
The Free Cash balance for 2011 is USD 60m. The Debt balance for 2011 is 100m. What is the Net Debt of the Company in 2012? Answer should be 34.5. How do you get this?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
