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The Statement of Cash Flows for Jack Plc for the year ended 31 March 20X7 shows net cash flows from operating activities of $664 million, after adjustments for various items. Investing activities resulted in a net cash outflow of $611 million, primarily due to acquisitions. Financing activities generated a net cash inflow of $151 million, leading to a closing cash and cash equivalents balance of $63 million.

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Fr answers

The Statement of Cash Flows for Jack Plc for the year ended 31 March 20X7 shows net cash flows from operating activities of $664 million, after adjustments for various items. Investing activities resulted in a net cash outflow of $611 million, primarily due to acquisitions. Financing activities generated a net cash inflow of $151 million, leading to a closing cash and cash equivalents balance of $63 million.

Uploaded by

mekuleile
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Statement of Cash Flows for Jack Plc for the year ended 31 March 20X7

$m $m
Cash flows from operating activities
Profit before tax 536
Adjust for: Depreciation 366
Impairment loss 36
Interest 12
Enviromental Provision 67
Operating cash flows before working capital changes 1,017
Increase in Inventory - 157
Increase in recieveables - 170
increase in payables 162
Cash generated from operations 852
Tax Paid (W1) - 165
Interest Paid (W2) - 8
provision paid - 15
Net Cash flows from operating activities 664
Cashflows from investing Activities
Acquisition (W3) - 571
Acquisition of intatngible assets (450-410) - 40
proceeds from the sale of Fleet -
Dividents Received -
Interest Received
Net Cash flows from investing activities - 611
Cashflows from financing activities
Issue of shares 120
Repayment of debentures - 16
Dividents Paid - 255.00
Net cash flows from financing activities - 151

Net Cash and cash equivalents - 98


opening cash and cash equivelants 34
closing cash and cash equivelants - 63
workings
1. Tax paid Dr tax paid a/c
Balance b/d (current)
Tax Paid 165 Balance b/d (non - current)
Tax for the year (SOPL)
balance c/d (current) 175
balance c/d (non-current) 52
392

2. Interest paid Dr Interest Paid a/c


Interest paid 8 Balance b/d
Interest for the year SOPL
balance c/d 4
12

3.PPE Dr PPE a/c


balance b/d 1,830 Replaced fleet
ppe replacement cost 180 trade in allowence
Acqusition 571 depreciation
revaluation surplus 170 balance c/d
Acqusition 120
2,871

dividents paid
4.Dividents paid
opening retaind earnings 1,732
profit for the year 359
dividents paid 220
closing retained earnings 1,871

Dr Provision a/c
provision paid 15 balance b/d
sopl
balance c/d 76.00
91.00
Cr
185.00
30.00
177.00

392.00

Cr
-
12.00

12.00

Cr
11.00
14.00
366.00
2,480.00

2,871.00

Cr
24.00
67.00

91.00

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