Practice Exercise - Springbok - Blank Strictly Confidential

Table of Contents

Springbok Financial Statements

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 Construct the Cash Flow Statement for Springbok Inc.
1. Calculate the differences on the balance sheet
2. Calculate net CAPEX using the note below the cash flow statement
3. Complete the cash flow statement
4. The boxes to complete are in gray

Income Statement Balance Sheet Cash Flow Statement

ASSETS YEAR 1 YEAR 2 YEAR 2

YEAR 1
Current Assets Operating Cash Flow
Revenues 78,579 Cash 3,746 3,172 Net income
Cost of Sales (48,719) Accounts Receivable 10,440 10,980 Depreciation
Gross Profit 29,860 Inventory 5,189 5,382 Unpaid Taxes
Total Current Assets 19,375 19,534 Change in Accounts Receivable
Other Operating Expenses (21,632) Change in Inventory
EBITDA 8,228 Non-Current Assets Change in Accounts Payable
Property, Plant & Equipment 25,972 26,193 Cash From Operations
Depreciation (3,199) Total Non-Current Assets 25,972 26,193
Operating Profit (EBIT) 5,029 Investing Cash Flow
Total Assets 45,347 45,727 Property, Plant & Equipment
Interest Expenses (Finance Cost) (1,278) Cash From Investing
Profit Before Tax (EBT) 3,751
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Financing Cash Flow
Tax Expense (1,167) Issuance (Repayment) of Short Term Debt
Net Income (EAT) 2,584 Current Liabilities Issuance (Repayment) of Long Term Debt
Accounts Payable 9,086 9,473 Issuance (Repayment) of Equity
Dividends (1,397) Loans 3,124 2,785 Payment of Dividends
Retained Earnings 1,187 Unpaid Taxes 1,210 1,167 Cash From Financing
Total Current Liabilties 13,420 13,425
Net Increase (Decrease) in Cash
Non-Current Liabilities Opening Cash Balance
Long-Term Debt 10,836 10,024 Closing Cash Balance
Total Non-Current Liabilities 10,836 10,024
Matches balance sheet error
Shareholders' Equity
Common Shares 9,202 9,202 PPE Start of Year 25,972
Retained Earnings 11,889 13,076 Capex
Total Shareholders' Equity 21,091 22,278 Depreciation –
PPE End of Year 26,193
Total Liabilities & Equity 45,347 45,727

Total Assets 45,347 45,727

Total Liabilities & Equity 45,347 45,727
Difference – –

Practice Exercise - Springbok Page 3 of 3