Paper F7
Paper F7
Question 3 guide
Cash Flow Statement
| |£'000 |
|Net Cash from Operating Activities Part 1 |X |
|Net Cash From Investing Activities Part 2 |X |
|Net Cash From Financing Activities Part 3 |X |
|Net Increase /(decrease) in Cash and Cash Equivalents |X |
|Cash and Cash Equivalents at Beginning of the Period |X |
|Cash and Cash Equivalents at End of Period |X |
Part 1: Finding Cash Flows from Operating Activities
| |£'000 |£'000 |
|Profit Before Taxation | |X |
|Adjustments: For non cash Activity | | |
|ADD: Depreciation charged for the year |X | |
|ADD: Accruals Expense (Opening + expenditure – closing) |X | |
|ADD: Expense from Provision |X | |
|LESS: Profit on Sale of Asset (sometimes needs calculation) |(X) | |
|ADD: Loss on Sale of Asset (sometimes needs calculation) |X | |
|LESS: Prepayments |(X) | |
|LESS: Release of government grant (Ope. + cash received – Clo) |(X) |X |
|Adjustments: For non operating Activity | | |
|LESS: Investment Income (added back to Investing Activities) |(X) | |
|ADD: Interest Expense (reduced back at bottom) |X | |
|LESS: Interest Income (added back to Investing Activities) |(X) |X |
|Adjustments: For Operating Activities | | |
|ADD: Increase in Payables |X | |
|ADD: Decrease in Inventories |X | |
|ADD: Decrease in Receivables |X | |
|LESS: Decrease in Payables |(X) | |
|LESS: Increase in inventories |(X) | |
|LESS: Increase in Receivables |(X) | |
|Less: Interest Paid (Op Acc Int + provision – clos Acc Int) | |(X) |
|Less: Dividends Paid (RE Opening + Profit for the period – RE Closing) | |(X) |
|Less: Income Taxes Paid (Op + Op def + Prov in P/L – Clos – clos def) | |(X) |
|Net Cash from Operating Activities | |X |
Part 2: Finding Cash Flows from Investing Activities
| |£'000 |
|LESS: Cash Payments for Acquired Fixed Assets (Purchases) see below |(X) |
|LESS: Cash Payments for Acquired Investments |(X) |
|LESS: Cash Payments to Acquire Shares and Debentures of others |(X) |
|LESS: Cash Advances to Other Parties |(X) |
|ADD: Receipts of Sales of Assets (Disposals) see below |X |
|ADD: Receipts from Sales of Investments |X |
|ADD: Cash received from Government Grant |X |
|LESS: Development Expenditure |(X) |
|Net Cash from Investing Activities |X |
|Finding Purchases= |Finding Receipt of Disposal |
|Opening Bal X |Opening Bal X |
|Purchases ? |Purchases X |
|Revaluation X |Revaluation X |
|X |X |
|Disposals X |Disposals ? |
| | |
|Closing Bal X |Closing Bal X |
|X |X |
| | |
| |Opening Bal dep X |
| |Dep. Of disposal ? |
| |___ |
| |X |
| | |
| |Closing Bal Dep X |
| |Dep. Charge for year X |
| |X |
| | |
| |NBV Disposals ( disposals – depreciation) |
| |X |
| |Net Profit/(loss) reported |
| |X/(X) |
| |Proceeds from disposal |
| |X |
Part 3: Finding Cash Flows from Financing Activities
| |£'000 |
|Add: Issues of Share Capital in Cash Step 1 |X |
|Add: Issue of Debenture, Loans notes, Bonds, Mortgages, and other borrowings Step 2 |X |
|Less: Cash Repayments of Debentures Step 2 |(X) |
|Less: Repayments of amounts borrowed under finance lease Step 3 |(X) |
|Net Cash from Financing Activities |X |
Step 1: Finding Issue of share Capital
Add: Share Capital Closing X
Add: Share Premium X
Less: Share Capital Opening (X)
Less: Share Premium Opening (X)
Shares Issued X
Step 2: Finding Issue or Payment of debentures etc
Add: Closing balance X
Less: Opening (X)
Issue/ (Payment) X/(X)
Step 3: Finding Repayments of amounts borrowed under Finance lease
| |Opening Bal X |
|Capital Repayment ? |Additions |
|Closing Bal |X |
|X |__ |
|X |X |
Note: If Bank has a credit balance then that means that there is a Bank overdraft
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