Using the financial statements and additional notes provided, calculate the following for 2019:Cash Flow from assetsCash Flow to creditorsCash Flow to stockholders Angostura Holdings LimitedIncome StatementsFor the years ended December 31, 2018 & 201920182019('000s)783,692(392,209)391,483(145,010)(69,935)(2,487)('000s)847,200SalesCost of SalesGross ProfitSelling & Marketing ExpensesAdministrative ExpensesExpected credit loss on trade receivables(429,723)417,477(140,205)(88,713)(4,304)Interest Income5,2018,648Other Income/(Expenses)Earnings before Interest & TaxesInterest Expense3983,427196,330(555)195,775179,650(312)179,338Taxable Income(59,935)135,840Taxation(47,685)131,653Net IncomeDividends Paid43,31849,507Angostura Holdings LimitedStatement of Financial PositionAs at December 31, 2018 & 20192018201920182019('000s)('000s)('000s)('000s)ASSETSLIABILITIES & EQUITYCurrent Asse tsCurrent LiabilitiesAccounts Payables245,491145,742Inventories253,76980,929107,299Accounts Receivables185,870Other Current Liabilities16,5724,09885,027318,475119,075Other Current Assets411,461123,871Cash & Equivalents103, 151828,783954,251Non-current Liabilites75,70577,337Non Current Assets, Net387,117388,458Total Liabilities160,732201,208EquityShare Capital & Other ReservesRetained Earnings219,354219,354835,814922,147Total Equity1055,1681141,501TOTAL ASSETS1215,9001342,709TOTAL LIAB. & EQUITY1215,9001342,709ADDITIONAL NOTES to FINANCIAL STATEMENTS:Depreciation Expense for 2019 = $26,144 ('000)Common Stock = Share Capital & Other Reserves Case Analysis: Angostura Holdings LimitedAngostura is one of the Caribbean's leading rum producers with a superb collection of rumbrands and is the world's market leader for bitters. These include: rum brands like Angostura®1824, Angostura® 1787, Angostura® 1919, Angostura® 7 year old rum, Angostura® 5 year old,Angostura® Reserva, Angostura® Single Barrel, White Oak, Forres Park Puncheon, FernandesBlack Label, Royal Oak, and the Angostura® AMARO, Angostura® orange bitters, Angostura®aromatic bitters and a signature beverage Angostura® Lemon Lime and Bitters. Angostura®aromatic bitters has not been changed since the first bottle was introduced to the world in1824.Besides being a Royal Warrant holder to the Queen of England for its Angostura® aromaticbitters, the company has successfully marketed its iconic bitters globally and has a geographicreach into 170 markets.Many of our brands have been around for generations in Trinidad and Tobago, our core rummarket. Angostura's international rums have won gold medals at many internationalcompetitions in the past decade and have been named 'the world's most awarded rum range'by the Rum Masters.As part of your Financial Management course your lecturer has introduced you to theconcepts of financial analysis, cash flows and long-term financial planning via the use ofpro-forma statements. Utilising the condensed/simplified following financial statementscompiled from Angostura's Annual Report 2019, you are required to apply these concepts.

Cash flow from assets refers to the net cash flows generated by the company from its aggregated…

Answered: Cash Flow from assets Cash Flow to…

Business

Finance

Cash Flow from assets Cash Flow to creditors Cash Flow to stockholders

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 5MAD

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