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    Statement of CF - Dallas LTD - Intermediate Level Exercise

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    The document provides financial statements and additional information for Dallas Ltd for the year ended 31 March 20X1. It includes a statement of profit or loss, statement of financial position, and required preparation of a statement of cash flows. Key figures and transactions are given to complete the cash flow statement.

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    Statement of CF - Dallas LTD - Intermediate Level Exercise

    Uploaded by

    Như Quỳnh
    19 views4 pages
    The document provides financial statements and additional information for Dallas Ltd for the year ended 31 March 20X1. It includes a statement of profit or loss, statement of financial position, and required preparation of a statement of cash flows. Key figures and transactions are given to complete the cash flow statement.

    Original Description:

    bài tập cash flow, kế toán quốc tế 2

    Original Title

    Statement of CF - Dallas Ltd - Intermediate Level Exercise (1)

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    The document provides financial statements and additional information for Dallas Ltd for the year ended 31 March 20X1. It includes a statement of profit or loss, statement of financial position, and required preparation of a statement of cash flows. Key figures and transactions are given to complete the cash flow statement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    19 views4 pages

    Statement of CF - Dallas LTD - Intermediate Level Exercise

    Uploaded by

    Như Quỳnh
    The document provides financial statements and additional information for Dallas Ltd for the year ended 31 March 20X1. It includes a statement of profit or loss, statement of financial position, and required preparation of a statement of cash flows. Key figures and transactions are given to complete the cash flow statement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    CFS - Dallas Ltd – Intermediate Level

    Below are extracts from the financial statements of Dallas Ltd:

    Statement of profit or loss for the year ended 31 March 20X1


    £
    Revenue 30,650
    Cost of sales (26,000)
    Gross profit 4,650
    Investment income 680
    Distribution costs (900)
    Administrative expenses (500)
    Profit from operations 3,930
    Finance costs (400)
    Profit before tax 3,530
    Income tax expense (300)
    Profit for the period 3,230

    Statements of financial position


    31 March
    31 March 20X1 20X0
    Assets £ £ £ £
    Non-current assets
    Property, plant and
    equipment 2,280 850
    Investments 2,500 2,500
    4,780 3,350
    Current assets
    Inventories 1,000 1,950
    Trade and other receivables 1,900 1,200
    Cash and cash equivalents 410 160
    3,310 3,310
    Total assets 8,090 6,660

    Equity and liabilities


    Capital and reserves
    Share capital 1,000 900
    Share premium 500 350
    Retained earnings 3,410 1,380
    4,910 2,630
    Non-current liabilities
    Long term borrowings 2,300 1,040

    Current liabilities
    Trade and other payables 250 1,890
    Interest payable 230 100
    Taxation 400 1,000
    880 2,990
    Total equity and liabilities 8,090 6,660

    Additional information:

    1. Profit from operations is after charging depreciation on the property, plant and
    equipment of £450.

    2. During the year ended 31 March 20X1, plant and machinery costing £80 and with
    accumulated depreciation of £60, was sold for £20.

    3. The receivables at the end of 20X1 includes £100 of interest receivable. There was
    no equivalent balance at the beginning of the year.

    4. Investment income of £680 is made up of £300 interest receivable and £380


    dividends received.

    5. Dividends paid during the year were £1,200.

    Required:
    Prepare a statement of cash flows for Dallas Ltd for the year ended 31 March 20X1 in
    compliance with IAS 7 Statement of Cash Flows.
    CFS - Dallas Ltd ANSWER

    Dallas Ltd: Statement of cash flows for the year ended


    31 March 20X1
    Cash flows from operating activities
    Profit from operations
    Investment income
    Depreciation
    Operating profit before working capital changes
    Decrease in inventories
    Increase in trade receivables
    Decrease in trade payables
    Cash generated from operations
    Interest paid
    Income tax paid
    Net cash from operating activities

    Cash flows from investing activities


    Purchase of property, plant and equipment
    Proceeds from sale of property, plant and equipment
    Interest received
    Dividends received
    Net cash from investing activities

    Cash flow from financing activities


    Proceeds from issue of shares
    Proceeds from long-term borrowing
    Dividends paid
    Net cash from financing activities

    Net increase in cash and cash equivalents

    Cash and cash equivalents at beginning of period

    Cash and cash equivalents at end of period


    Workings:

    (W1) Interest paid:

    W2) Tax paid:

    (W3) Property, plant and equipment:

    (W4) Interest receivable

    (W5) Share capital/share premium

    (W6) Long-term borrowings

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