## Answers

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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