cash flow

Question 1

profit for the year

Answer 1

retained earnings start of yr
add : profit for the year
subtract : dividends paid
= retained earnings end of yr

Question 2

operating profit

Answer 2

profit from operations
subtract: finance cost
subtact: tax charged on operating profit
= profit for the year

Question 3

tax paid

Answer 3

tax paid on last yr statement of financial position
add: tax on this yrs profit from this yrs income statement
answer
subtract: tax liability from this yr statement of financial position
= tax paid during year

Question 4

s

Question 5

depreciation of nca

Answer 5

prov for dep at the start of the year
subtract: accumulated dep revalued during year
subtract: accumulated dep on asset sold during year

prov for dep - answer

Question 6

profit/loss in disposal

Answer 6

profit or loss in disposal = disposal proceeds/ sale of nca - net book value

Question 7

purchase of nca

Answer 7

cost of nca start of yr
less: cost of asset sold during the year
revaluation of nca during year
answer
cost of nca at end of yr
nca purchased during yr = cost of nca - answer