Prepare a Cash-flow Statements for the year ended 31.12.2013, The financial statements of Gipsy Ltd are shown in the word docuemnt.

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Can you help me to write and explain how to get the right results of cash flow statements, thank you!

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The financial statements of Gipsy Ltd are shown below, Statement of profit or loss for the year ended 31.12.2013 £000 Revenue less 1,600 Expenses 740 Depreciation 220 960 Operating profit before tax and interest less 640 interest paid 40 Net profit before tax 600 less 200 taxation Net profit after tax 400 Statement of Financial Position Y/E 31.12. 2013 £000 £'000 Y/E 31.12.2012 £000 Non Current Assets at cost 2,980 1,860 less accumulated depreciation 1,080 860 1,900 1,000 Inventories 1,100 600 Receivables 400 300 0 140 1,500 1,040 3,400 2,040 1,000 800 200 - Current Assets Bank Total Assets Equity and Liabilities Ordinary Share Capital Share Premium Retained earnings 1,200 880 2,400 1,680 500 - Payables 240 220 Taxation 200 140 60 - 500 360 3,400 2,040 Non-current Liabilities Long-term Loan Current Liabilities Bank overdraft Total current liabilities Total Equity and Liabilities Dividends paid during year ended 31.12.2013 were £80,000. Required: Assuming that no fixed assets were disposed of during the year: (a) Prepare a Cash-flow Statements for the year ended 31.12.2013 The financial statements of Gipsy Ltd are shown below, Statement of profit or loss for the year ended 31.12.2013 £000 Revenue less 1,600 Expenses 740 Depreciation 220 960 Operating profit before tax and interest less 640 interest paid 40 Net profit before tax 600 less 200 taxation Net profit after tax 400 Statement of Financial Position Y/E 31.12. 2013 £000 £'000 Y/E 31.12.2012 £000 Non Current Assets at cost 2,980 1,860 less accumulated depreciation 1,080 860 1,900 1,000 Inventories 1,100 600 Receivables 400 300 0 140 1,500 1,040 3,400 2,040 1,000 800 200 - Current Assets Bank Total Assets Equity and Liabilities Ordinary Share Capital Share Premium Retained earnings 1,200 880 2,400 1,680 500 - Payables 240 220 Taxation 200 140 60 - 500 360 3,400 2,040 Non-current Liabilities Long-term Loan Current Liabilities Bank overdraft Total current liabilities Total Equity and Liabilities Dividends paid during year ended 31.12.2013 were £80,000. Required: Assuming that no fixed assets were disposed of during the year: (a) Prepare a Cash-flow Statements for the year ended 31.12.2013 Question 3 The financial statements of Mustard Ltd are as follows: Statement of profit or loss for the year ended 31 Dec 2015 £000 490 (49) (37) (74) (4) 326 (23) 303 (87) 216 Turnover Raw materials Staff costs Depreciation Loss on disposal Interest expense Profit before tax Taxation Profit after tax Statement of financial position as at 31 Dec 15 £000 1145 Non current assets Current assets Inventory Receivables Bank 31 Dec 14 £000 957 19 38 19 76 16 29 32 77 33 72 105 32 61 93 Current liabilities Trade payables Taxation Long term liabilities (29) 1116 (70) 1046 (16) 941 (320) 621 323 170 553 1046 232 0 389 621 Capital and reserves Share capital Revaluation reserve Retained earnings Notes: 1. Land and buildings had been revalued during the year and a surplus of £170,000 recorded. 2. A machine was sold during the year and at the beginning of the year this was recorded in the books at a net book value of £6,000. 3. Dividends paid in the year were £52,000 You are required to prepare a cash flow statements for the year ended 31st December 2015 in accordance with IAS 7 as far as is possible from the information given.
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Explanation & Answer

Attached.

The financial statements of Gipsy Ltd are shown below,

Statement of profit or loss for the year ended 31.12.2013
£000
Revenue
less

1,600

Expenses

740

Depreciation

220
960

Operating profit before tax and interest
less

640

interest paid

40

Net profit before tax

600

less

200

taxation

Net profit after tax

400

Statement of Financial Position
Y/E 31.12. 2013

£'000

Y/E 31.12.2012

£000

£000

at cost

2,980

1,860

less accumulated depreciation

1,080

860

1,900

1,000

Inventories

1,100

600

Receivables

400

300

0

140

1,500

1,040

3,400

2,040

1,000

800

200

-

Non Current Assets

Current Assets

Bank

Total Assets

Equity and Liabilities
Ordinary ...


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