Accounting Final Paper

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SECTION A Question A1 is COMPULSORY Question A1 Below are extracts from the financial statements of a listed company which operates a chain of bakery and sandwich retail outlets in the United Kingdom. Income statements | |2009 |2008 | | |£’000 |£’000 | |Revenue |658,186 |628,198 | |Cost of sales |(252,284) |(241,939) |…show more content…
|164,237 |147,947 | Cash flow statements | |2009 |2008 | | |£’000 |£’000 | |Cash flows from operating activities | | | |Cash generated from operations |87,944 |59,163 | |Tax paid |(14,731) |(14,807) | |Net cash generated from operating activities |73,213 |44,356 | |Cash flows from investing activities | | | |Purchase of property, plant and equipment |(30,296) |(40,758) | |Purchase of intangible assets |- |(686) | |Proceeds from sale of property, plant and equipment |2,368 |2,200 | |Interest

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