2. 外语
  3. The following financial statements relate to Blue Ting for the year ended 31 December 2001 Balance Sheet ended at 31 December 20

The following financial statements relate to Blue Ting for the year ended 31 December 2001 Balance Sheet ended at 31 December 20

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问题 The following financial statements relate to Blue Ting for the year ended 31 December 2001
Balance Sheet ended at 31 December
2000 2001
＄’000 ＄’000
Plant and machinery 1,296 1,788
Less: Depreciation (174) (287)
Stock 184 296
Trade debtors 382 490
Bank and cash 10 (301)
Trade creditors (142) (166)
Accrued expenses (45) -
Taxation (80) (100)
Dividends (45) (60)
1,386 1,660
Less: 6% Loan notes2009 (350) (350) 1,036 1,310
Paid-up share capital 875 975
Share premium - 50
Revenue reserves 35 70
Profit and loss 126 215 1,036 1,310
Trading and Profit and Loss Account
2000 2001
＄’000 ＄’000
Turnover 2,725 3,204
Less: Cost of sales (1,766) (2,195)
Gross profit 959 1,009
Less: Operating expenses (713) (715)
Profit before taxation 246 294
Less: taxation (80) (90)
Profit after taxation 166 204
Less: transfer to reserves (20) (35)
proposed dividends (45) (80)
Retained earnings for the year 101 89
Additional information:
Plant and machinery with a cost of ＄52,000 and a written-down value of ＄22,800 was sold for＄10,000.
Required:
(a)Briefly discuss why users regard cash flow analysis importantly.
(b)Prepare a cash flow statement for Blue Ting for the year ended 31 December 2001 in the format as prescribed by HKSSAP15: Cash Flow Statement.
选项
答案 (a)—Managers can control cash balances and make plans in using cash flow analysis. —The forecast cash flow analysis enables managers to plan the company’s borrowing and investment activities ao as to avoid cash shortages or excessively high cash balances. —Banks can evaluate company liquid situation by cash flow analysis. (b) Blue Ting Cash Flow Statement for the year ended 31 December 2001 ＄ Net cash flow from operating activities: 208,000 Returns on Investment and Servicing of Finance-Dividend paid (65,000) (80,000 + 45,000 - 60,000) Tax paid (80,000 + 90,000 - 100,000) (70,000) Investing activities Payment to acquire fixed assets (1,788,000 - 1,296,000 + 52,000) (544,000) Receipts from sales of fixed assets 10,000 Net cash flow before financing (461,000) Financing: Issue of shares (975,000-875,000+50,000) 150,000 Decrease in cash and cash equivalents (311,000) Cash and cash equivalents 1 January 2001 10,000 Cash and cash equivalents 31 December 2001 (301,000) Reconciliation of Operating Profit to Net Cash Inflow from Operating Activities ＄ Operating profit before taxation 294,000 Depreciation[287,000 - 174,000 + (52,000 - 22,800)] 142,200 Loss on disposal of fixed assets (22,800 - 10,000) 12,800 Increase in stock (296,000 - 184,000) (112,000) Increase in debtors (490,000 - 382,000) (108,000) Increase in creditors (166,000 - 142,000) 24,000 Decrease in accrued expenses (45,000) 208,000
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