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9 10 11
Current assets Inventories Trade receivables Cash and cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES Equity Share capital Retained earnings Revaluation reserve Total equity Non-current liabilities Long term borrowings Current liabilities Trade and other payables Short-term borrowings Current portion of long-term borrowings Current tax payable Total current liabilities Total liabilities TATAL EQUITY AND LIABILITIES
12 13 14
4 5
35,000
50,000
7 8 6 9
Income Statement for the Year Ended 31 December 2016 Notes 2016 USD 120,000 (65,000) 55,000 18 19 20 21 22 17,000 (10,000) (18,000) (3,000) (1,000) (15,000) Profit before tax Income tax Net Profit 23 40,000 (12,000) 28,000 2015 USD 100,000 (55,000) 45,000 12,000 (8,000) (16,000) (2,000) (1,000) (15,000) 30,000 (9,000) 21,000
Revenue Cost of Sales Gross Profit Other Income Distribution Cost Administrative Expenses Other Expenses Finance Charges
16 17
Poseidon Statement of Cash Flows for the year ended 31 December 2016 Notes Cash flows from operating activities Profit before tax Adjustments for: Depreciation Amortization Impairment losses Bad debts written off Interest expense Gain on revaluation of investments Interest income Dividend income Gain on disposal of fixed assets 40,000 35,000 2016 USD 2015 USD
4 4 5 14 16 15
10,000 8,000 12,000 500 800 (21,000) (11,000) (3,000) (1,200) 35,100
Working Capital Changes: Movement in current assets: (Increase) / Decrease in inventory Decrease in trade receivables Movement in current liabilities: Increase / (Decrease) in trade payables Cash generated from operations Dividend paid Income tax paid Net cash from operating activities (A) Cash flows from investing activities Capital expenditure Purchase of investments Dividend received Interest received Proceeds from disposal of fixed assets Proceeds from disposal of investments Net cash used in investing activities (B) Cash flows from financing activities Issuance of share capital Bank loan received Repayment of bank loan Interest expense 6 1000,000 (100,000) (3,600) 100,000 (7,400) 4 11 (100,000) (25,000) 5,000 3,500 18,000 2,500 (96,000) (85,000) 3,000 1,000 5,500 2,200 (73,300) (1,000) 3,000 2,500 39,600 (8,000) (12,000) 19,600 550 1,400 (1,300) 41,300 (6,000) (10,000) 25,300
896,400
92,600
Net increase in cash & cash equivalents (A+B+C) Cash and cash equivalents at start of the year Cash and cash equivalents at end of the year 24