371 2006 mid answer - =11622-11557 Investment in associates...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
NPBT 459 Interest expense 300 EBIT 759 Income tax expense in IS -144 Tax benefit on interest -99 =300*0.33 -t(EBIT) -243 NOPAT 516 NPAT 315 +I(1-t) 201 =300*(1-0.33) NOPAT 516 NOPAT 516 1,103 - Increase in WC -1,172 # - Capex on FA -593 * FCF -146 - I(1-t) -201 + Increase in debt 3,093 FTE 2,746 Dividends in SME 2,746 2,746 # Increase in WC Increase (2005-2004) Current assets
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: =11622-11557 Investment in associates =10-7 Other investments =48-88 Deferred tax benefit =486-383-current liabilities except bank overdraft =6866-3093-(4814-0) 1172 * Capex (P.P.E) =9422-9932+1103 An alternative solution to SC2006 mid-term test Qestion2 Part a & b (assuming interest income is part of EBIT)...
View Full Document

This note was uploaded on 05/26/2011 for the course FIN 5530 taught by Professor Lee during the Three '11 term at University of New South Wales.

Ask a homework question - tutors are online