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Financial Statements Formats 2024

The document provides financial statements for a company including a cash flow statement, statement of comprehensive income, and statement of financial position. It details cash flows from operating, investing, and financing activities as well as revenues, expenses, assets, and liabilities for the period.

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Cadesha James
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20 views

Financial Statements Formats 2024

The document provides financial statements for a company including a cash flow statement, statement of comprehensive income, and statement of financial position. It details cash flows from operating, investing, and financing activities as well as revenues, expenses, assets, and liabilities for the period.

Uploaded by

Cadesha James
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NAME OF COMPANY'

FOR THE PERIOD ……………………………….


CASH FLOW FROM OPERATING ACTIVITIES $ $
Net Profit XX
Adjustments For :
add Depreciation X
Loss / (gain) on Sale of Fixed Assets X/ (X) XX
XXX
Changes in Current Assets and Current Liabilities
add Decrease in Current Assets Other Than Cash and Cash Equivalent X
less Increase in Current Assets Other Than Cash and Cash Eqvivalent (X)
add Increase in Current Liabilities X
less Decrease in Current Liabilities ( X) XX
Cash generated from operations XX
Income tax paid (x)
Interest paid (x) ( xx)
Net Cash inflow/outflow from operating activities xxx

CASH FLOW FROM INVESTING ACTIVITIES


less Purchase of Fixed Assets (X)
Proceeds of Sale of Fixed Assets X
Divident received x
interest received X
NET CASH FLOW FROM INVESTING ACTIVITIES XX
add Proceeds from the Issue of Ordinary Shares X
add Proceeds from longterm borrowings X
less Payment of Long-Term Debt (X)
payment to finance lease liabilities (x)
less Payment of Dividends (X)
NET CASH FLOW FROM FINANCING ACTIVITIES XX
NET INCREASE / (DECREASE) IN CASH and CASH EQUIVALENT XX
Opening Cash Balance/CASH AND CASH EQUIVALENT AT THE BEGINNING X
Closing Cash Balance/CASH AND CASH EQUIVALENT AT THE END XX
NAME OF COMPANY
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED
$ $
Sales x
less Returns Inwards x
NET SALES xx

COST OF GOODS SOLD


Opening Stock x
add Purchases x (Subtract)
xx
add Carriage Inwards x
less Returns Outwards x
COST OF GOODS AVAILABLE FOR SALE xx
less Closing Stock (x) (xx)
GROSS PROFIT xx
add OTHER REVENUE
eg add Commissions Received x
add Rent Received x xx
TOTAL REVENUE xx
less EXPENSES
eg. Salaries x
Utlities x
Rent x
Depreciation - Motor Vehicles x
Delivery Expenses x xx
COMPREHENSIVE INCOME BEFORE TAX xx
TAX x
COMPREHENSIVE INCOME AFTER TAX xx
NAME OF COMPANY
STATEMENT OF FINANCIAL POSITION
AS AT …………………………….
FIXED ASSETS $ $ $
Land and Buildings x
less Accumulated Depreciation x x

Motor Vehicles x
less Accumulated Depreciation x x

Fixtures and Fittings x


less Accumulated Depreciation x x xx

CURRENT ASSETS
Stock x
Debtors x
Bank x (add fixed assests + working capital )
Cash at Bank x x

less CURRENT LIABILITIES


Bank Overdraft x
Creditors x (x)
Net current assets/Working Capital xx
xxx
less LONG TERM LIABILITIES
Debentures x
Mortgage x (xxx)
NET ASSETS XXXX
Financed by :
Opening Capital xx
add netprofit x
less drawings x
Closing Capital xx

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