Hi could you tell me if this cash flow statement is correct? The financial statement is beside:) thanks in advance
Hi could you tell me if this cash flow statement is correct? The financial statement is beside:) thanks in advance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hi could you tell me if this
Transcribed Image Text:Harpo Limited has traded for a number of years.
financial statement of the company is as follows:
Comprehensive Income Statement extract for the year
ended 31 December 2017
Operating Profit after interest
Taxation
Profit after interest and Taxation
Dividends
Harpo Ltd - Statement of Financial Position as at 31 December
2017
2016
£'000 £'000 £'000 £'000
Non-current assets
Land and Buildings
Fixtures and Fittings
Current Assets
Inventory
Receivables
Bank
Total Assets
Equity
Share Capital
Share Premium Account
Profit and Loss account
Non-Current liabilities
8% Loan stock
Current Liabilities
Bank Overdraft
Payables
Corporation Tax
Cost
At 1.1.2017
Additions
Disposals
At 31.12.2017
Depreciation
At 1.1.2017
Charge for the year
Depreciation on disposal
Net Book Value 31.12.2017
542
274
165 981
2,881
0
183
172
950
950
1,900
950
0
0
950
0
0
0
0
950
1800
100
526
2,426
100
485
263
0
45
195
355 175
2,881
Harpo Ltd - Non-current assets Schedul
Land and Fixtures and
Buildings
£'000
Fittings
£'000
2050
725
450
2,325
950
650
1,600
1,400
395
(420)
1,375
950
748
2,348
1400
433
1,833
100
4
2,3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
A
£'000
390
(147).
243
Adjustment
Depreciation
(150)
93
B
Cash flow from operating activities
Net income
Statement of Cash Flows
For the year ended Dec 31,2017
Change in working capital
Increase in inventory
Increase in receivable
Decrease in payable
Decrease in corporate tax
Decrease in bank overdraft
Net change in working capital
Net cash flow from operating activities
Cash flow from investing activities
Purchase of fixture and fiting
Sales of fixture and fiting
Net cash flow from investing activities
Cash flow from financing activities
Dividend paid
Issue of share
Share premium
Net cash flow from financing activities
Net cash flow from all the activities
Add: Opening cash balance
Cash bal. as on 31 Dec 2017
બ બ બ બ બ
-£
-£
C
44
71235
11
45
-£ 725
30
-£ 150
£ 400
£ 100
£
4
-£
£
444
243
£
395
-£ 695
128
510
350
165
£ 165
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