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Great Lakes is an internationally operating apparel manufacturer, specialized in the woven garment sector that offer expertise in the production of outerwear and bottoms, washing, dyeing, woven/knit hybrid garments, down and wellon filling and denim. Attached the Cash Flow Report of Great lakes From FY 2016 to 2019 in currency unit. Based on the Cash Flow attached, please analyse the Great Lakes Cash Flow Report.

Great Lakes is an internationally operating apparel manufacturer, specialized in the woven garment sector that offer expertise in the production of outerwear and bottoms, washing, dyeing, woven/knit hybrid garments, down and wellon filling and denim. Attached the Cash Flow Report of Great lakes From FY 2016 to 2019 in currency unit. Based on the Cash Flow attached, please analyse the Great Lakes Cash Flow Report.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Great Lakes is an internationally operating apparel manufacturer, specialized in the woven garment sector that offer expertise in the production of outerwear and bottoms, washing, dyeing, woven/knit hybrid garments, down and wellon filling and denim.

Attached the Cash Flow Report of Great lakes From FY 2016 to 2019 in currency unit.

Based on the Cash Flow attached, please analyse the Great Lakes Cash Flow Report.

2019 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES 53,700,342,584 147,621,418,167 17,978,102,465 9,879,938,104 Profit For The Year {after tax) Depreciations and amortizations 59,512,820,396 7,309,924,216 27,028,326,116 26,040,665,402 31,282,009,151 17,986,861,172 9,056,305,633 8,113,058,243 Changes in operating assets Decrease (increase) in Accounts Receivable - Other Decrease(Increase) in Inventories Decrease (increase) in Prepaid Taxes 48,046,236,979 27,403,805,756 2,260,084,356 1,847,163,970 26,877,571,303 4,192,507,486 74,781,808,024 14,200,884,786 9,925,306,573 31,800,292,996 3,117,844,097 3,569,029,077 Changes in operating liabilities Increase (Decrease) in Tax Payable Increase (decrease) in Accrued Expenses Increase (decrease) in Accounts Payable - Trade Increase (decrease) of Short Term Bank Loans Increase (decrease) of Short Term Financing Loans 585,461,822 1,883,039,476 2,449,774,606 596,635,180 2,547,417,681 6,181,854,073 8,842,955,415 2,723,127,557 43,500,880,851 4,138,210,978 211,630,218,910 3,426,727,239 4,413,761,328 7,433,950,866 4,042,008,209 3,984,002,090 32,412,376,827 83,747,067,008 11,252,971,089 14,113,119,239 15,124,622,806- 396,258,928,038 |- 199,700,957,631 - 345,199,370,707 51,059,557,331 CASH FLOWS FROM INVESTING ACTIVITIES 68,850,115,020 37,659,914,545 Purchase of fixed assets Building Under Construction 68,850,115,020 37,659,914,545 184,576,334,825 CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) of Bank Loans Increase (decrease) of Financing Loans Convertible Debenture Loan Received Additional Paid-in Capital 10,713,953,601 129,715,424,592 47,779,267,916 101,637,839,076 77,092,284,792 14,313,286,775 81,000,082,792 20,953,400,314 3,907,798,000 7,966,687,089 82,273,985,685 28,077,585,516 119,339,300,000 27,300,000,000 Increase (decrease) in terms of cash and cash equivalents Cash and Cash Equivalents at the Beginning of the Year Cash and Cash Equivalents at the End of the Year 27,861,766,177 - 118,922,085,279 18,026,873,041 136,948,958,320 110,728,686,083 26,220,272,237 33,226,565,874 77,502,120,209 18,026,873,041 136,948,958,320 110,728,686,083 45,888,639,218
Transcribed Image Text:2019 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES 53,700,342,584 147,621,418,167 17,978,102,465 9,879,938,104 Profit For The Year {after tax) Depreciations and amortizations 59,512,820,396 7,309,924,216 27,028,326,116 26,040,665,402 31,282,009,151 17,986,861,172 9,056,305,633 8,113,058,243 Changes in operating assets Decrease (increase) in Accounts Receivable - Other Decrease(Increase) in Inventories Decrease (increase) in Prepaid Taxes 48,046,236,979 27,403,805,756 2,260,084,356 1,847,163,970 26,877,571,303 4,192,507,486 74,781,808,024 14,200,884,786 9,925,306,573 31,800,292,996 3,117,844,097 3,569,029,077 Changes in operating liabilities Increase (Decrease) in Tax Payable Increase (decrease) in Accrued Expenses Increase (decrease) in Accounts Payable - Trade Increase (decrease) of Short Term Bank Loans Increase (decrease) of Short Term Financing Loans 585,461,822 1,883,039,476 2,449,774,606 596,635,180 2,547,417,681 6,181,854,073 8,842,955,415 2,723,127,557 43,500,880,851 4,138,210,978 211,630,218,910 3,426,727,239 4,413,761,328 7,433,950,866 4,042,008,209 3,984,002,090 32,412,376,827 83,747,067,008 11,252,971,089 14,113,119,239 15,124,622,806- 396,258,928,038 |- 199,700,957,631 - 345,199,370,707 51,059,557,331 CASH FLOWS FROM INVESTING ACTIVITIES 68,850,115,020 37,659,914,545 Purchase of fixed assets Building Under Construction 68,850,115,020 37,659,914,545 184,576,334,825 CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) of Bank Loans Increase (decrease) of Financing Loans Convertible Debenture Loan Received Additional Paid-in Capital 10,713,953,601 129,715,424,592 47,779,267,916 101,637,839,076 77,092,284,792 14,313,286,775 81,000,082,792 20,953,400,314 3,907,798,000 7,966,687,089 82,273,985,685 28,077,585,516 119,339,300,000 27,300,000,000 Increase (decrease) in terms of cash and cash equivalents Cash and Cash Equivalents at the Beginning of the Year Cash and Cash Equivalents at the End of the Year 27,861,766,177 - 118,922,085,279 18,026,873,041 136,948,958,320 110,728,686,083 26,220,272,237 33,226,565,874 77,502,120,209 18,026,873,041 136,948,958,320 110,728,686,083 45,888,639,218
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