IAS 7 Activities Test

Question 1

Profit before tax?

Answer 1

Operating and positive

Question 2

Finance cost?

Answer 2

Operating and positive

Question 3

Investment income?

Answer 3

Operating and negative

Question 4

Depreciation/amortisation?

Answer 4

Operating and positive

Question 5

Profit on disposal of PPE?

Answer 5

Operating and negative

Question 6

Loss on disposal of PPE?

Answer 6

Operating and positive

Question 7

Increase in inventories?

Answer 7

Operating (negative)

Question 8

Increase in trade receivables?

Answer 8

Operating (negative)

Question 9

Increase in trade payables?

Answer 9

Operating (positive)

Question 10

Increase in provisions?

Answer 10

Operating (positive)

Question 11

Interest paid?

Answer 11

Operating (negative)

Question 12

Income taxes paid?

Answer 12

Operating (negative)

Question 13

Purchase of PPE?

Answer 13

Investing (negative)

Question 14

Proceeds from sale of PPE?

Answer 14

Investing (positive)

Question 15

Proceeds from sale of investment property?

Answer 15

Investing (positive)

Question 16

Development expenditure?

Answer 16

Investing (negative)

Question 17

Proceeds from issue of share capital? (rights issue)

Answer 17

Financing (positive)

Question 18

Proceeds from issue of loan notes

Answer 18

Financing (positive)

Question 19

Proceeds from issue of debentures

Answer 19

Financing (positive)

Question 20

Lease obligations paid?

Answer 20

Financing (negative)

Question 21

Payment of lease liabilities?

Answer 21

Financing (negative)

Question 22

Dividends paid?

Answer 22

Financing (negative)

Question 23

Lease obligations paid calculation?

Answer 23

c/f (non-current+current) - (b/f + right of use asset - direct costs)

Question 24

What is added back in depreciation working in operating activities?

Answer 24

PPE and RoU asset depreciation

Question 25

Release of grant?

Answer 25

Operating activities (negative)

Question 26

Working capital outflow?

Answer 26

Deducted

Question 27

Working capital inflow?

Answer 27

Added

Question 28

Purchase of IP?

Answer 28

Investing (negative)

Question 29

Purchase of brand?

Answer 29

Investing (negative)

Question 30

Net cash flow from operating activities?

Answer 30

Added

Question 31

Net cash flow from investing activities?

Answer 31

Deducted

Question 32

Net cash flow from financing activities?

Answer 32

Added

Question 33

Purchase of PPE equation?

Answer 33

c/f - (b/f - carrying amonut on proceeds - depreciation + revaluation + acquired under a lease agreement + provisions)

Question 34

Payments under leases equation?

Answer 34

c/f - (b/f + RoU initial measurement - direct costs)

Question 35

Issue of shares equation?

Answer 35

c/f share capital and premium - (b/f share capital and premium + bonus issue)

Question 36

Dividend paid equation?

Answer 36

c/f - (b/f + PFY)

Question 37

RoU asset equation (not included in SCF)

Answer 37

c/f - (b/f - depreciation)

Question 38

Where is RoU asset depreciation included?

Answer 38

In operating activities (positive)

Question 39

Gain on sale of PPE equation?

Answer 39

Proceeds - CV (operating negative)

Question 40

Developmetn expenditure equation?

Answer 40

c/f - (b/f - amortisation)