Jenga cash flow exercise

INCOME STATEMENT Year 2 BALANCE SHEET Year 1 Year 2 Difference CASH FLOW STATEMENT
ok ok
Revenue 550 Current assets Operating cash flows
Purchases (380) Cash 496 409 Net income
Gross profit 170 Receivables 80 150 Depreciation
Expenses (50) Inventory 60 80 Increase in receivables
Depreciation (90) 636 639 Increase in inventory
Operating profit (EBIT) 30 Non-current assets Increase in payables
Interest expense (18) PPE 810 730
Earnings before tax 12
Tax at 33% (4) Total assets 1,446 1,369 Investing cash flows
Net income 8 Net capex
Current liabilities
Retained earnings note Payables 30 50 Financing cash flows
Net income 8 Repayment of loans
Dividend (5) Non-current liabilties Dividend payment
Retained earnings 3 Long term borrowing 400 300

Shareholders' equity Change in cash

Common stock 1,000 1,000 Cash at start of year
Retained earnings 16 19 Cash at end of year
1,016 1,019
Matches balance sheet? error
Total liabilites and equity 1,446 1,369

PPE note
Opening PPE 810
Net capex
Depreciation (90)
Closing PE 730

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 yellow