Samsung Electronies Co., Ltd. and Subsidiaries CONSOLIDATED STATEMENTS OF CASH FLOWS Forthe year ended December 31 2017 2016 (In millions of Korean won) KRW KRW Cash flows from operating activities Profit for the period 42,186,747 22,726,092 Adjustments 36,211,232 30,754,471 Changes in assets and liabilities arising from operating activities (10,620,547) (1,180,953) Cash generated from operations 67,777,432 52,299,610 Interest received 1,581,117 1,405,085 Interest paid (542,715) (443,838) Dividends reccive d 173,305 256,851 Income tax paid (6,827,098) (6,132,064) Net cash inflow from operating activ ities 62,162,041 47,385,644 Cash flows from investing activities Net dece ae (ince) in short-erm financial instruments 387,627 (6,780,610) Disposal of short-Erm available-for-sak financial assets Acquisition of short-erm availabk-for- sale financial asets Disposal of long-erm financial instruments 499,856 3,010,003 (2,129,551) 1,750,221 789,862 Acquisition of long-erm financial instruments (1,079,355) (1,741,547) Disposal of long-kerm availabk-for-sak firancial assets 191,826 2010,356 Acquisition of long-term availabk-for-sale financial asets (358,497) (1,498,148) Acquisition of held-to-maturity financial assets Disposal of investment in asociates and joint ventures Acquisition of investment in associates and joint ventures (106,751) 355,926 2,280,203 (25,293) (84,306) Disposal of property, plant andequipment 308,354 270,874 Acquisition of property, plant and equipment (42,792,234) (24,142,973) Disposal of intangibke assets 733 6,944 Acquisition of intangible assets (983,740) (1,047,668) Cash outflow from business combinations (8,754,268) (622,050) Cash inflow from business transfers 1,248,834 Others (28,455) 19,936 Net cashoutflow from investing activities (49,385216) (29,658,675) Cash flows from financing activities Net increase in short-erm borrowings Acquisition of treasury stock 2,730,676 1,351,037 (8,350,424) (7,707,938) Procceds from long-term borrowings and debentures Repayment of long-term borrowings and debentures 998,311 1,041,743 (1,140,803) (252,846) Dividends paid (6,04,297) (3,114,742) Net increase in non-controlling interests 5,670 13,232 Net cashoutf low from financing activities Effect of exchange rae changes on cash and cash equivak nts Net (decrease) increase in ash and cash equivakents (12,560,867) (8,669,514) (1,782,270) 417,243 (1,566,312) 9474698 Cash and cash equivalents Beginming of the period End of the period 32,111442 22,636,744 30,545,130 32111442 The above consolidated statements of cash flows should be read in conjunction with the accompanying notes.
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
Samsung’s statement of
and equivalents for the year ended December 31, 2017. Identify the cash generated (or used) by operating activities, by investing activities, and by financing activities.
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