ACCCHAPTER53 - 5-49(15-20 min.)FIRENZE, S.A.Statement of...

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Unformatted text preview: 5-49(15-20 min.)FIRENZE, S.A.Statement of Cash FlowsFor the Year Ended December 31, 20X1(In Millions of Euros)Cash flows from operating activities:Cash collections from customers [910 90]820Cash payments:To suppliers [540 + 100 220](420)For operating expenses(220)For interest(15)For taxes(25)Cash disbursed for operating activities(680)Net cash provided by operating activities140Cash flows from investing activities:Purchase of fixed assets(315)Proceeds from sale of fixed assets100Net cash used for investing activities(215)Cash flows from financing activities:New issue of long-term debt65Dividends paid(30)Net cash provided by financing activities35Net decrease in cash(40)Cash balance, December 31, 20X060Cash balance, December 31, 20X1 205-50(15 min.)1.CSR LIMITEDStatement of Cash FlowsFor the Fiscal Year 2003(In Millions)Cash flows from operating activities:Receipts from customersA$7,572.7Payments to suppliers and employees (6,281.3)Dividends and interest received78.3Income taxes paid(197.6)Net cash from operating activities1,172.1Cash flows from investing activitiesPurchase of property, plant, and equipment(315.2)Proceeds from sale of property, plant, and equipment97.7Other investing activities(897.6)Net cash used in investing activities(1,115.1)Cash flows from financing activitiesProceeds from issue of shares42.8Repurchase of shares(6.7)Net proceeds from borrowings666.2Dividends paid(245.1)Interest paid(111.4)Net cash from financing activities345.8Net increase in cashA$ 402.82.Interest paid is an operating item in U.S. cash flow statements.3.Interest paid is a cost of financing the companys activities. Like dividends are a return to suppliers of equity capital, interest is the return to suppliers of debt capital. Therefore, it is a legitimate item to be included among financing activities.4.The FASB decided that because interest is an expense in the income statement it should be included with the other expenses among the operating activities.5-51(15 min.)KANSAI ELECTRICStatement of Cash FlowsYear Ended March 31(in Billions of Yen)Cash flows from operating activities:Operating revenues 2,545Non-operating revenues109Operating expenses(1,954)Non-operating expenses(140)Net cash provided by operating activities560Cash flows from investing activitiesCost of construction(672)Net cash used for investing activities(672)Cash flows from financing activitiesBond issue236Increase in loans1,546Repayment of bonds(262)Repayments of loans(1,419)Net cash provided by financing activities101Net decrease in cash(11)Cash balance at beginning of the period 72Cash balance at end of the period 615-52...
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This note was uploaded on 06/20/2010 for the course FINA 6266 taught by Professor Burt during the Spring '10 term at University of Arkansas for Medical Sciences.

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ACCCHAPTER53 - 5-49(15-20 min.)FIRENZE, S.A.Statement of...

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