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  • Standard - Cash Flow

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    olyad tesfaye
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    This statement of cash flows summarizes the cash inflows and outflows for Tadesse G/Yesus and Sons for the twelve month period ended June 30, 2023. It shows a net cash increase from operating activities of $555,647.30 due to non-cash expenses exceeding net income. There was $1,006,769 used in investing activities primarily to purchase vehicles, equipment, and tools. Financing activities provided $253,661 from contributions of capital and legal reserves. Overall, including a beginning cash balance of negative $1,926,435.66, there was a net increase in cash of $1,516,207.34, resulting in an ending cash balance of $3,442

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    _Standard_ Cash Flow

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    This statement of cash flows summarizes the cash inflows and outflows for Tadesse G/Yesus and Sons for the twelve month period ended June 30, 2023. It shows a net cash increase from operating activities of $555,647.30 due to non-cash expenses exceeding net income. There was $1,006,769 used in investing activities primarily to purchase vehicles, equipment, and tools. Financing activities provided $253,661 from contributions of capital and legal reserves. Overall, including a beginning cash balance of negative $1,926,435.66, there was a net increase in cash of $1,516,207.34, resulting in an ending cash balance of $3,442

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views2 pages

    Standard - Cash Flow

    Uploaded by

    olyad tesfaye
    This statement of cash flows summarizes the cash inflows and outflows for Tadesse G/Yesus and Sons for the twelve month period ended June 30, 2023. It shows a net cash increase from operating activities of $555,647.30 due to non-cash expenses exceeding net income. There was $1,006,769 used in investing activities primarily to purchase vehicles, equipment, and tools. Financing activities provided $253,661 from contributions of capital and legal reserves. Overall, including a beginning cash balance of negative $1,926,435.66, there was a net increase in cash of $1,516,207.34, resulting in an ending cash balance of $3,442

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    Page: 1

    Tadesse G/Yesus and Sons


    Statement of Cash Flow
    For the twelve Months Ended June 30, 2023

    Current Month Year to Date

    Cash Flows from operating activities


    Net Income $ (233,900.00) $ (233,900.00)
    Adjustments to reconcile net
    income to net cash provided
    by operating activities
    Accumulated Dep:Computer 7,951.00 7,951.00
    Accum Depr Fax Machine 251,409.04 251,409.04
    Accum Depr Vehicles 506,080.20 506,080.20
    Accum depr Office Equipment 62,083.68 62,083.68
    Withholding tax receivable (241,697.27) (241,697.27)
    VAT Receivable (57,502.45) (57,502.45)
    Account Receivable (1,334.00) (1,334.00)
    Prepaid rent 0.00 0.00
    VAT Payable 228,857.10 228,857.10
    Withholding tax payable 0.00 0.00
    Employment income tax payable 18,850.00 18,850.00
    Pension Payable 14,850.00 14,850.00
    Dividend Tax payable 0.00 0.00
    Dividend payable:Daniel 0.00 0.00
    Dividend payable:Emebet 0.00 0.00
    Dividend Payble;Getnet 0.00 0.00
    Profit tax payable 0.00 0.00

    Total Adjustments 789,547.30 789,547.30

    Net Cash provided by Operations 555,647.30 555,647.30

    Cash Flows from investing activities


    Used For
    Computer (7,924.00) (7,924.00)
    Fax Machine (280,458.00) (280,458.00)
    Vehicles (566,957.00) (566,957.00)
    Office Equipment (91,756.00) (91,756.00)
    Tools (29,837.00) (29,837.00)
    Furniture (29,837.00) (29,837.00)

    Net cash used in investing (1,006,769.00) (1,006,769.00)

    Cash Flows from financing activities


    Proceeds From
    Beginning Balance Equity 0.00 0.00
    Contributed Capital 120,000.00 120,000.00
    Legal reserve 133,661.00 133,661.00
    Used For
    Beginning Balance Equity 0.00 0.00
    Contributed Capital 0.00 0.00
    Legal reserve 0.00 0.00

    Net cash used in financing 253,661.00 253,661.00

    Net increase <decrease> in cash $ (197,460.70) $ (197,460.70)

    Summary
    Cash Balance at End of Period $ 3,442,643.00 $ 3,442,643.00
    Cash Balance at Beg of Period (2,773,193.00) (1,926,435.66)
    Unaudited - For Internal Use Only.
    Page: 2
    Tadesse G/Yesus and Sons
    Statement of Cash Flow
    For the twelve Months Ended June 30, 2023

    Current Month Year to Date

    Net Increase <Decrease> in Cash $ 669,450.00 $ 1,516,207.34

    Unaudited - For Internal Use Only.

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