B407F Week 11 Tutorial worksheet-1

B407F Week 11 Tutorial worksheet-1 - B407F Week 11 Tutorial...

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B407F Week 11 Tutorial Worksheet - Consolidated Statement of cash flows Question 1 A Group Consolidated Statement of Cash Flows for the year ended 31 December Year 1 $000 $000 Cash flows from operating activities Receipts from customers Payments to suppliers Payments to employees Cash generated from operations Interest paid Tax paid Net cash from operating activities Cash flows from investing activities Acquisition of subsidiary net of cash acquired (Note 1) Purchase of machine Proceeds from sale of machine Dividend received Net cash used in investing activities Cash flows from financing activities Proceeds from issuance of shares Long term loan Dividend paid Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 1
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Notes to the statement of cash flows 1 Purchase of subsidiary During the period the group acquired subsidiary S Ltd Limited. The fair value of assets acquired and liabilities assumed were as follows: $’000 Non-current assets Bank Accounts receivable Inventories Accounts payable NCI in assets acquired and liabilities assumed Goodwill acquired on business combination Satisfied by: Cash consideration Shares allotted 2
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Cash consideration Less: Cash and cash equivalent of S Ltd. Cash inflow on combination net of cash acquired
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B407F Week 11 Tutorial worksheet-1 - B407F Week 11 Tutorial...

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