Statement of Cash Flows of Princess Ltd
for year ended 30 June 2017
Cash Flows from operating
Activities
€
(Loss) before tax
(15,000)
Adjustments for
Interest charged
27,000
Depreciation
320,000
Increase in trade receivables
(150,000)
Increase in inventories
(175,000)
Increase in trade payables
390,000
Cash generated from operations 397,000
Interest paid
(27,000)
Corporation tax paid (W1)
(110,000)
Net cash from operating activities 260,000
Cont’d
Statement of Cash Flows of Princess Ltd
for year ended 30 June 2017
Con‘t’d
Net cash from operating activities
€
260,000
Cash Flows from investing activities
Purchase of prop. plant & equip.
Net cash used in investing activities
(650,000)
(650,000)
Cash flows from financing activities
Payment of dividends (W2)
Proceeds of issue of shares
Receipt of loan stock
Net cash from financing activities
(80,000)
300,000
300,000
520,000
Net increase in cash and cash
Equivalents
130,000
Cash and cash equiv at 1.7.2016
23,000
Cash and cash equiv at 30.6.2017
153,000
Princess Ltd – Notes to financial
statements year ended 30.6.2017
Analysis of cash and cash equivalents during
year ended 30.6.17
€
Bank balance at 1.7.16
Net cash inflow
Cash at bank 30.6.17
23,000
130,000
153,000
Workings
W1 Payment of tax
Tax owing at start of year =
110
Tax charge in P/L
Nil
Less Tax owing at end of year = (Nil)
Tax paid during year
= 110
W2 Dividends paid
Dividends owing at start of year
Dividend Charge in P/L
Less: Dividend owing at end of
year
= Dividend paid during the year
80
Nil
(Nil)
80