ABC Ltd has provided the following information: Income Statement for the year ended 30 June 2018 $000 Revenue 25460 Cost of Sales 9810 Gross Profit 15650 Depreciation 7860 Other Expenses 1080 Gain on disposal of Non Current assets 150 6860 Operating Profit Finance Charges 2250 Profit before Tax 4610 Taxation 1030 Profit for the year 3580 Statement of Changes in Equity for the year ended 30 June 2018 Retained Earnings 01.07.17 8210 Profit for the year 3580 11790 Dividends paid 1600 10190 Balance at 30 June 2018 NOTE Non Current assets costing $400,000, with accumulated depreciation of $250,000, were sold during the year. Statement of Financial Position as at 30 June $000 2018 52140 2017 25760 Non Current Assets Current Assets Inventories 4410 2270 Trade Receivables 6390 3610 780 62940 32420 Cash and Cash equivalents TOTAL ASSETS Capital and reserves Ordinary Share Capital Share Premium 10000 20000 500 10190 8210 Retained Earnings Non Current Liabilities 8% Debentures (2022) 25000 10000 4270 Current Liabilities Trade Payables Taxation Cash and Cash equivalents TOTAL EQUITY AND LIABILITIES 3270 940 1030 1950 62940 32420 REQUIRED (a) Prepare a Cash Flow Statement for the year ended 30 June 2018 as per IAS 7.

Name: Techwhiff
Address: 1520 Lavalette Ave, Elkins, WV 26241, USA, Elkins, 26241, US
Telephone: +1 681-298-8325
Price range: 10000

ABC Ltd Cash Flow Statement For the year ended June 30, 2018 Cash flows from operating activities: Net profit before tax and extraordinary items $4,610,000 Adjustments for: Depreciation Expenses $7,860,000 Gain on disposal of non-Current Asset ($150,000) $7,710,000 Operating profit before working capital changes: $12,320,000 Increase in Inventories ($2,140,000) Increase in Trade Receivables ($2,780,000) Increase in Trade Payable $1,000,000 ($3,920,000) Cash generated from operations $8,400,000 Tax Paid ($940,000) Net cash provided by operating activities $7,460,000 Cash flows from investing activities Purchase of Non-Current Assets ($34,390,000) Proceeds from the sale of Non-Current Assets $300,000 Net cash used in investing activities ($34,090,000) Cash flows from financing activities Dividends paid ($1,600,000) Issue of Share at a Premium $10,500,000 Debenture Issued $15,000,000 Net cash provided by financing activities $23,900,000 Decrease in cash and cash equivalents during the year ($2,730,000) Cash and Cash equivalent, 2017 $780,000 Cash and Cash equivalent, 2018 ($1,950,000) .

ABC Ltd has provided the following information: Incom…

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ABC Ltd
Cash Flow Statement
For the year ended June 30, 2018

Cash flows from operating activities:
Net profit before tax and extraordinary items		$4,610,000
Adjustments for:
Depreciation Expenses	$7,860,000
Gain on disposal of non-Current Asset	($150,000)	$7,710,000
Operating profit before working capital changes:		$12,320,000
Increase in Inventories	($2,140,000)
Increase in Trade Receivables	($2,780,000)
Increase in Trade Payable	$1,000,000	($3,920,000)
Cash generated from operations		$8,400,000
Tax Paid		($940,000)
Net cash provided by operating activities		$7,460,000

Cash flows from investing activities
Purchase of Non-Current Assets	($34,390,000)
Proceeds from the sale of Non-Current Assets	$300,000
Net cash used in investing activities		($34,090,000)

Cash flows from financing activities
Dividends paid	($1,600,000)
Issue of Share at a Premium	$10,500,000
Debenture Issued	$15,000,000
Net cash provided by financing activities		$23,900,000
Decrease in cash and cash equivalents during the year		($2,730,000)
Cash and Cash equivalent, 2017		$780,000
Cash and Cash equivalent, 2018		($1,950,000)

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ABC Ltd has provided the following information: Income Statement for the year ended 30 June 2018...

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