2006 session 1 answers - Net Cash Flow (5,064) Closing cash...

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Session 1 2006 Mid-Session Examination – CFS Question 1: Part (a) – Direct Method Statement of Cash Flows for the period ending 30 June 2005 $'000 Operating Activities Cash received from customers 844,351 Interest received 1,237 Cash paid to suppliers (422,738) Cash paid for other expenses (240,095) Interest paid (5,896) Tax paid (50,345) Net Cash Flow from Operating Activities 126,514 Investing Activities Proceeds from sale of PPE 513 Purchases of PPE (19,333) Purchases of Land (23,296) Net Cash Flow from Investing Activities (42,116) Financing Activities Proceeds from Debentures Issued 863 Proceeds from Shares Issued 2,385 Repayment of Borrowings (36,036) Dividends Paid (56,674) Or Final (28,786) + Interim (27,888) Net Cash Flow from Financing Activities (89,462) Opening cash balance 56,086
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Unformatted text preview: Net Cash Flow (5,064) Closing cash balance 51,022 1 Question 1: Part (b) – Reconciliation of NP to CFO Net Profit After Tax 125,434 Depreciation expenses 7,905 Amortisation expenses 3,255 Loss on sale of PPE 167 OR Proceeds (513) and carrying amount 680 Increase in Accounts Receivable (5,938) Increase in Provision for Doubtful Debts 280 Increase in Inventory (8,276) Decrease in Accrued Interest Revenue 211 Decrease in Accounts Payable (2,642) Decrease in Accrued Expenses (1,582) Increase in Tax Payable 7,700 Cash Flow from Operating Activities 126,514 Other information GJ entries Sale of MV DR Cash 513 DR Other Expenses 167 DR Acc Depn 310 CR PPE 990 Revaluation DR Acc Depreciation 2000 CR PPE 2000 DR PPE 1250 CR ARR 1250 Inventory writedown DR Other expenses 4975 CR Inventory 4975 2...
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This note was uploaded on 01/31/2012 for the course ACCT acct taught by Professor A during the Three '11 term at University of New South Wales.

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2006 session 1 answers - Net Cash Flow (5,064) Closing cash...

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