Revision question on preparation of cash flow statements.

The following information relates to the draft financial statements of Kigali summarized statements of financial position as at:

31 March 2013 31 March 2012
Frw’000 Frw’000 Frw’000 Frw’000
Assets
Non-current assets
Property, plant and equipment (note (i)) 19,000 25,000
Current assets
Inventory 12,500 4,600
Trade receivables 4,500 2,500
Tax refund due 500
Bank 1,500
Total assets 36,500 33,600
Equity and liabilities
Equity
Equity shares of Frw 1 each (note (ii)) 10,000 8,000
Share premium (note (ii)) 3,200 4,000
Retained earnings 4,500 7,700 6,300 10,300
17,700 10,300 18,300
Non-current liabilities
10% loan note (note (iii)) 5,000
Finance lease obligations 4,800 2,000
Deferred tax 1,200 6,000 800 7,800
Current liabilities
10% loan note (note (iii)) 5,000
Tax 2,500
Bank overdraft 1,400
Finance lease obligations 1,700 800
Trade payables 4,700 12,800 4,200 7,500
Total equity and liabilities 36,500 33,600

Summarized income statements for the years ended:

31-Mar-2013 31-Mar-2012
Frw,000 Frw,000
Revenue 55,000 40,000
Cost of sales 43,800) (25,000)
Gross profit 11,200 15,000
Operating expenses (12,000) (6,000)
Finance costs (note (iv)) (1,000) (600)
rofit (loss) before tax (1,800) 8,400
Income tax relief (expense) 700 (2,800)
rofit (loss) for the year (1,100) 5,600

The following additional information is available: read more

Cash flow from financing activities – meaning.

What is triple column cash book?

Cash flow from financing activities involves cash generated by obtaining resources from owners and providing them with a return on their investment, borrowing money and repaying amounts borrowed and obtaining and paying for other resources obtained from creditors on long-term credit. Cash flows from financing activities involve the proceeding from issuing share or other similar instrument, debentures, mortgages, bonds and other short term or long-term borrowings. read more