What is Free Cash Flow? Calculate the Free Cash Flow of ACI Formulations Ltd. using the information given and the financial statements below: The company had net fixed asset investment and net current asset investment of Tk.153 million and Tk.-188 million respectively, reported depreciation expense of Tk. 5 million and a tax rate of 35%.
ACI Formulations Limited Statement of profit or loss and other comprehensive income Note 26 27 28 For the year ended for the year ended 30 June 2019 30 June 2018 4,025,285,890 4,127,465,958 (2,814,616,591) (3,100,967,609) 1,210,669,299 1,026,498,349 5,109,758 6,594,472 (799,954,438) (690,177,273) 415,824,619 342,915,548 (224,760,871) (171,020,345) 191,063,748 171,895,203 (9,553,187) (8,594,760) 181,510,561 163,300,443 In Taka Revenue Cost of sales Gross profit Other income Administrative, selling and distribution expenses Operating profit Finance costs, net Profit before contribution to WPPF Contribution to WPPF Profit before tax Income tax expense Current tax Deferred tax income/expense) 29 30 31 (63,149,803) 10,093,093 (53,056,710) 128,453,851 (40,544,336) (7,721,122) (48,265,458) 115,034,985 Profit after tax Open with Google Docs 30 June 2019 30 June 2018 8 9 11 12 13 14 15 16 1,944,656,528 39,742,772 1,984,399,300 1,625,582,683 1,713,472,029 41,728,563 22,983,074 646,689,537 297,708,034 4,348,163,920 6,332,563,220 1,793,502,725 37,096,077 1,830,598,802 1,610,648,618 1,350,154,816 27,351,264 516,615,689 498,329,534 262,039,838 4,265,139,758 6,095,738,560 17 In Taka Assets Property, plant and equipment Investments Non-current assets Inventories Trade receivables Other receivables Inter-company receivables Advances, deposits and prepayments Cash and cash equivalents Current assets Total assets Equity Share Capital Revaluation reserve Retained earnings Total equity Liabilities Employee benefits Deferred tax liabilities Non-current liabilities Bank overdrafts Loans and borrowings Trade payables Other payables Inter-company payables Provision for tax Current liabilities Total liabilities Total equity and liabilities 450,000,000 1,136,392,931 886,893,726 2,473,286,657 450,000,000 1,136,392,931 915,939,875 2,502,332,806 18 19 20 21 22 23 24 25 43,494,776 49,417,522 92,912,298 128,758,666 1,822,161,341 89,050,954 248,013,100 1,146,287,405 332,092,799 3,766,364,265 3,859,276,563 6,332,563,220 39,179,275 59,510,615 98,689,890 163,497,501 2,738,695,818 126,995,956 196,583,593 268,942,996 3,494,715,864 3,593,405,754 6,095,738,560
