20180925_Hometask.docx - Here are the financial statements of Mandy Co as at 31 December 2017 Extract of income statement for the year ended 31 December

20180925_Hometask.docx - Here are the financial statements...

This preview shows page 1 out of 1 page.

Here are the financial statements of Mandy Co as at 31 December 2017: Extract of income statement for the year ended 31 December 2017: $'000 Operating profit before interest and tax 108 Interest expense (104) Interest receivable 16 Profit before tax 20 Net income tax credit 15 Profit for the year 35 Statement of cash flows for the year ended 31 December 2017 $'000 Cash flows from operating activities Profit before taxation 20 Adjustments for: Depreciation 880 Profit on disposal of PPE (1,940) Increase in insurance claim receivable (120) Interest expense 104 Investment income (16) (1,072) (Increase) decrease in inventories (280) (Increase) decrease in trade receivables (200) Increase (decrease) in trade payables 440 Cash used in operations (1,112) Interest paid
Image of page 1

You've reached the end of your free preview.

Want to read the whole page?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes