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IAS 7 Statement of Cash Flows: ABC Co. Balance Sheet 31.12.2010/2011

This document contains the balance sheet, income statement, and statement of cash flows for ABC Co. for the years ending December 31, 2010 and 2011. The balance sheet shows the company's assets, liabilities, and equity. The income statement shows revenues, expenses, and net income. The statement of cash flows breaks cash flows into three sections - operating, investing, and financing activities - and reconciles the beginning and ending cash balances.

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Safa Gönen
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40 views

IAS 7 Statement of Cash Flows: ABC Co. Balance Sheet 31.12.2010/2011

This document contains the balance sheet, income statement, and statement of cash flows for ABC Co. for the years ending December 31, 2010 and 2011. The balance sheet shows the company's assets, liabilities, and equity. The income statement shows revenues, expenses, and net income. The statement of cash flows breaks cash flows into three sections - operating, investing, and financing activities - and reconciles the beginning and ending cash balances.

Uploaded by

Safa Gönen
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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IAS 7 Statement Of Cash Flows

ABC Co. Balance Sheet 31.12.2010/2011


31.12.2011 31.12.2010
Cash 6.000 7.000
A/R 62.000 49.000
Short Term Investment 35.000 20.000
Inventory 40.000 60.000
Prepaid Expense 5.000 4.000
P.P.E. 154.000 130.000
Acc. Dep. (35.000) (25.000)
Goowill 46.000 50.000
Total Asset 313.000 295.000
ABC Co. Balance Sheet 31.12. 2010/2011
31.12.2011 31.12.2010
A/P 46.000 40.000
Tax Pay. 4.000 5.000
Salary P. 8.000 4.000
Sh. Tr. Fin. Debt 8.000 10.000
Long Tr. Fin. Debt 60.000 70.000
Capital 130.000 130.000
R/E 57.000 36.000
Total Lib and Eq. 313.000 295.000
ABC Co. Income Statement 31.12.2011
Sales 338.150
COGS 175.000
Gross Profit 163.150
Opr. Expe. 120.000
Opr. Profit 43.150
Interest Ex. 9.400
Inc. Before Tax 33.750
Tax Expense 6.750
Net Income 27.000
IAS 7 Statement Of Cash Flows
Cash Flow from operating
Net Income 27.000
Adjustments;
Depreciation Ex. 10.000
Impairment for goodwill 4.000
Decrease in Inventory 20.000
Increase in Salary Pay. 4.000
Interest Expense 9.400
Increase in Acc. Pay/ 6.000
Increase in prepaid Ex. (1.000)
Increase in Account rec. (13.000)
Decrease Tax Payable (1.000)
Total Adjustment 38.400
Cash Flow From Operating Activities 65.400

Cash Flow From Investment Activities (39.000)
Cash Flow From Financing Activities (27.400)
Cash Change (1.000)
Beginning Cash 7.000
Ending Cash 6.000





Investment Activities
Purchase of P.P.E. (24.000)
Sht. Investments (15.000)
Cash Out Flow for Investment Acc. (39.000)


Financing Activities
Interest Expense (9.400)
Shr. Debt Payment (2.000)
Long Term Debt Payment (10.000)
Dividend Payment (6.000)*
Cash Out Flow for Financing Acc. (27.400)

IAS 7 Statement Of Cash Flows

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