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Evernew LTD (Basic) : Cfap 1: A A F R
Evernew LTD (Basic) : Cfap 1: A A F R
Rs.’000 Rs.’000
Profit before taxation 138,960
Adjustment for non-cash items:
Depreciation charges 72,720
Profit on disposal of subsidiary (W.1) (5,040)
Interest expenses (payable) 10,080
Operating profit before working
Capital changes 216,720
Changes in working capital
Increase in inventory (W2) (28,800)
Increase in Receivables (W2) (32,400)
Increase in Creditors (W2) 25,200
(36,000)
Cash generated from operations 180,720
Income tax paid (W.3) (37,080)
Net cash flow from operating activities 143,640
Cash flow from investing activities:
Purchases of non-current assets (W4) (111,240)
Sales of Pastit Limited (W5) 41,040
Net cash used in investing activities (70,200)
Cash flow from financing activities:
Redemption of 10% debenture (W6) (18,000)
Dividend paid to non-controlling interest (W7) (3,600)
Interest paid (10,080)
Net cash used in financing activities (31,680)
Net increase in cash & cash equivalent 41,760
Cash & cash equivalent b/f (14,400 – 36,000) (21,600)
Cash & cash equivalent c/f 20,160
Cash & cash equivalent c/f is represented by:
Cash in hand 63,360
Bank overdraft (43,200)
20,160
Workings
(W1) Profit on disposal of subsidiary:
The entire 80% shareholding was sold.