Page 493 - SBR Integrated Workbook STUDENT S18-J19

Answers

Example 5

Statement of cash flows

Consolidated statement of cash flows for the year ended 30 April 20X5

Cash flows from operating activities $m $m
Profit before tax 110
Adjustments for:

Finance costs 16
Investment income (10)

Share of profit of associate (13)
Depreciation 105

Loss on disposal of PPE (25 – 40) 15
Profit on disposal of financial asset (11 – 6) (5)

Gain on step acquisition (12 – 8) (4)
Net interest component 3

Service cost component 14
Impairment of goodwill (W2) 10

Increase in inventories (87 – 61 – 7) (19)
Increase in receivables (69 – 57) (12)

Increase in payables
(112 – 73 – 5) 34

Contributions to pension scheme (W10) (2)
––––

Cash generated from operations 242
Interest paid (16)

Taxation paid (W11) (13)
––––

Net cash from operating activities 213

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