You are to complete the cash flow statements from the following extracts and information. The following assessment is divided in 2 sections.

Section one:

FAB Plastics Pty Ltd provide a summary extract from the Cash Book for the year

ended 30 June 2022 disclosed.

Cash book:

Table 9 Cash book

Date	Detail	DR	Date	Detail	CR
		$			$
30/6			1/7	Opening Balance	75,000
	Accounts Receivable	175,000		Accounts payable	155,000
	Sales	133,000		Salaries	232,000
	Sale of Furniture	22,000		Superannuation	23,000
	Commission income	25,000		Current tax payable	33,000
	Debenture Issue	550,000		Interest paid	25,000
				Dividends payable	75,000
				Other operating expenses	58,000
				Debentures redeemed	200,000
				Petty cash	1,000
			30/6	Closing balance	28,000
		905,000			905,000

Additional Information:

• the balance of Petty Cash as at 1 July 2021 was $500.

To complete this part of the assessment you are required to:

1. prepare a cash flow statement for the financial year ended 30 June 2022, including the note required for the reconciliation of cash in accordance with AASB 107.

All answers are to be completed in the Excel workbook

FAB Plastics Pty Ltd
Statement of Cash Flow for the year ended 30 June 2022
CASH FLOW FROM OPERATING ACTIVITIES
		$'000	$'000
Net cash flow from/(used in) operating activities
CASH FLOW FROM INVESTING ACTIVITIES
Net cash flow from/used in investing activities
CASH FLOW FROM FINANCING ACTIVITIES
Net cash flow from/used in financing activities
Cash and cash equivalents at end of year
Note 1: Cash and cash equivalents
		30/06/2021	30/06/2022
		$	$
Cash and cash equivalents shown in the statement of cash flows

XXX Pty Ltd
Reconciliation of net operating profit to cash flow from operating activities
		$
Net operating profit
Add/less: Non cash items
Changes in current assets and current liabilities
Net cash flow from operating activities