Question b) FS

Question 1

CAPEX

Answer 1

Investment Fixed Assets

Question 2

Investments in Working Capital

Answer 2

Investment in WCN (= (OWCN - OWCS) - Last Year IWCN)

Question 3

Principal Repayments

Answer 3

Repayment of Principal

Question 4

Income Taxes

Answer 4

Last Year Income Taxes (first year = 0)

Question 5

WC Divestures

Answer 5

Contrary Investments in WC

Question 6

Recovery Financial Instruments

Answer 6

Last Year Investment in Financial Instruments

Question 7

Sources Income from Financial Instruments

Answer 7

Last year Income from Financial Instruments

Question 8

Liquidity BOY

Answer 8

Last year Liquidity EOY

Question 9

Potencial Liquidity

Answer 9

Yearly Balance + Liquidity BOY

Question 10

Desired Liquidity

Answer 10

Formula given

Question 11

Financing Need

Answer 11

Balancing Short Loan + Interest Balancing Loan

Question 12

Financial Surplus

Answer 12

Potential Liquidity - Desired Liquidity

Question 13

Income from Financial Instruments

Answer 13

Financial Surplus x (Loan Rate - Market Rate)

Question 14

Investment in Financial Instruments

Answer 14

Financial Surplus + Income from Financial Instruments

Question 15

Liquidity EOY

Answer 15

Potential Liquidity + Financing Need - Financial Surplus