- Specification 2 3 1 2 3 2 5 Statement Of Cash Flows 95 Worked Example You Are Given The Statement Of Financial Position 1 (112.21 KiB) Viewed 17 times
SPECIFICATION 2.3.1-2.3.2 5 STATEMENT OF CASH FLOWS 95 WORKED EXAMPLE You are given the statement of financial position of Raymond plc and are asked to prepare a statement of cash flows at 31 December 2019. Statement of financial position of Raymond plc at 31 December 31.12.2018 31.12.2019 £000s £000s £000s £000s Non-current assets: Delivery vans - cost 45000 Accumulated depreciation (16000) 29000 21000 Current assets: Inventory 49000 Trade receivables 8400 Less: Provision for irrecoverable debts (600) Cash and cash equivalents 5350 62 150 3980 43 280 Net assets 91 150 64 280 Equity and liabilities Share capital 56 200 31 330 Retained earnings 14630 18810 Total equity 70830 50 140 7000 Non-current loan 15000 Current liability Trade payables 7140 5320 91 150 Total equity and liabilities 64 280 Additional information: • You are told that one delivery van was sold during the year for £1 600. The book value at the date of sale was £3 400. • The net profit for the year is the difference between the opening and closing balances of the retained earnings. • The calculation for depreciation assumes that depreciation is charged in the year of disposal. 39000 (18000) 27500 12 700 (900)