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Prepare a cash flow statement for Perkins Limited for year ended 30june 2022

Prepare a cash flow statement for Perkins Limited for year ended 30june 2022

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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Prepare a cash flow statement for Perkins Limited for year ended 30june 2022

31. ARDEN The following information is available for Perkins Limited. BALANCE SHEET NON-CURRENT ASSETS Tangible assets CURRENT ASSETS Inventory Trade receivables Bank and cash CURRENT LIABILITIES Trade payables Bank overdraft Taxation NET CURRENT ASSETS EQUITY AND LIABILITIES Share capital Retained earnings NON-CURRENT LIABILITIES Loan £ PR UNIVERSITY 30 June 2022 £ 177,500 155,200 (121,500) (20, 100) (17,000) 1,299,000 174,100 1,473,100 800,000 173,100 973,100 500,000 1,473,100 30 June 2021 £ £ 132,300 118,200 12,200 (132,700) (13,300) 1,100,000 116,700 1,216,700 700,000 60,200 760,200 456,500 1,216,700 NI
Transcribed Image Text:31. ARDEN The following information is available for Perkins Limited. BALANCE SHEET NON-CURRENT ASSETS Tangible assets CURRENT ASSETS Inventory Trade receivables Bank and cash CURRENT LIABILITIES Trade payables Bank overdraft Taxation NET CURRENT ASSETS EQUITY AND LIABILITIES Share capital Retained earnings NON-CURRENT LIABILITIES Loan £ PR UNIVERSITY 30 June 2022 £ 177,500 155,200 (121,500) (20, 100) (17,000) 1,299,000 174,100 1,473,100 800,000 173,100 973,100 500,000 1,473,100 30 June 2021 £ £ 132,300 118,200 12,200 (132,700) (13,300) 1,100,000 116,700 1,216,700 700,000 60,200 760,200 456,500 1,216,700 NI
INCOME STATEMENTS Turnover Cost of sales Gross profit Operating expenses Operating profit Finance costs Profit before taxation Tax Profit for year Notes: Tangible assets are made up of: Net Book Value: Land and property Equipment Motor vehicles Total A ARDEN Land and property Equipment Motor vehicles UNIVERSITY 30 JUNE 2022 £ 2,066,000 (1,565,400) 500,600 (289,900) 210,700 (45,000) 165,700 (52,800) 112,900 Depreciation for the year ended 30 June 2022 included in operating expenses: 30 June 202 £ 889, 215, 195, 1,299, Nil 45,000 30,000 During the year Conrad Limited purchased additional equipment. 30 JUNE 2021 £ 1,720,000 (1,445,600) 274,400 (189,500) 84,900 (30,000) 54,900 (13,000) 41,900 30 June 2021 £ 700,000 175,000 225,000 1,100,000 LOUICHAG
Transcribed Image Text:INCOME STATEMENTS Turnover Cost of sales Gross profit Operating expenses Operating profit Finance costs Profit before taxation Tax Profit for year Notes: Tangible assets are made up of: Net Book Value: Land and property Equipment Motor vehicles Total A ARDEN Land and property Equipment Motor vehicles UNIVERSITY 30 JUNE 2022 £ 2,066,000 (1,565,400) 500,600 (289,900) 210,700 (45,000) 165,700 (52,800) 112,900 Depreciation for the year ended 30 June 2022 included in operating expenses: 30 June 202 £ 889, 215, 195, 1,299, Nil 45,000 30,000 During the year Conrad Limited purchased additional equipment. 30 JUNE 2021 £ 1,720,000 (1,445,600) 274,400 (189,500) 84,900 (30,000) 54,900 (13,000) 41,900 30 June 2021 £ 700,000 175,000 225,000 1,100,000 LOUICHAG
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