Candor Cash Flow Exercise Strictly Confidential

Table of Contents
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Notes
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Candor Cash Flow Exercise
Instructions:
1. Calculate the differences on the balance sheet
2. Calculate net CAPEX using the note below the balance sheet
3. Complete the cash flow statement
4. The boxes to complete are in gray

INCOME STATEMENT Year 2 BALANCE SHEET Year 1 Year 2 Difference CASH FLOW STATEMENT
ok ok
Revenue 78,579 Current assets Operating cash flows
Purchases (48,719) Cash 3,746 3,172 Net income
Gross profit 29,860 Receivables 10,440 10,980 Depreciation
Expenses (21,632) Inventory 5,189 5,382 Unpaid taxes
Depreciation (3,199) 19,375 19,534 Increase in receivables
Operating profit (EBIT) 5,029 Non-current assets Increase in inventory
Interest expense (1,278) PPE 25,972 26,193 Increase in payables
Earnings before tax 3,751
Tax (1,167) Total assets 45,347 45,727
Net income 2,584 Investing cash flows
Current liabilities Net capex
Retained earnings note Payables 9,086 9,473
Net income 2,584 Loans 3,124 2,785 Financing cash flows
Dividend (1,397) Unpaid taxation 1,210 1,167 Repayment of short term loans
Retained earnings 1,187 13,420 13,425 Repayment of long term loans
Dividend payment
Non-current liabilties
Long term borrowing 10,836 10,024
Change in cash
Shareholders' equity Cash at start of year
Common stock 9,202 9,202 Cash at end of year
Retained earnings 11,889 13,076
21,091 22,278 Matches balance sheet? error

Total liabilites and equity 45,347 45,727

PPE note
Opening PPE 25,972
Net capex
Depreciation (3,199)
Closing PE 26,193