Loans andborrowingsDeferred taxekliability14,13010,220-1,010960-15,14011,180CurrentLiabilitiesTradepayableCurrent tax1,2601,1401,040920payableInterestpayable980-740k3,28040,1902,80032,960Total EquityandLiabilities2019£'0002018£'000SalesCost of salesDistribution costseAdministration expensesGain on disposal of PPE22,000(11,800)(3,100)(1,630)28016,000(8,200)(2,600)(1,420)Interest expensee aТах еexpensee(1,140)(1,820)(760)(1,240)Net profit2,7901,7801.The company disposal of PPE during the year with a book value of £1,000,000.2. Depreciation of property, plant and equipment for the year was £650,000.4The intangibles were acquired for cash towards the end of the year and were not sub ject toany amortisation in the current period.e3.Prepare the statement of cash flows using the indirect method. Statement of financial position as of 31 December2019000.32018£'000£'000£'000ASSETSNon32,20029,900-CurrentAssetsPPE2,100OkIntangibles34,30029,800CurrentAssets1,680-1,760-1,1201,260InventoriesTradereceivables -PrepaymentsBank and3202,130130650cash5,8903,160Total Assets<40,190-32,960EQUITYANDLIABILITIESEquity9,400IssuedcapitalRetained9,40012,370-9,580earningse21,77018,980NonCurrentLiabilities -

Following is the requisite cash flow statement

Loans and 14,130 10,220 borrowings a Deferred tax liability 1,010 960 15,140 11,180 Currente Liabilitiese Trade payable Current tax payable Interest payable 1,260 1,140 1,040 920 980- 740 3,280 40,190- 2,800 32,960 Total Equity and Liabilities 2019 £'000 2018 £'000 Sales Cost of sales= Distribution costsee 22,000 (11,800) (3,100) (1,630) 280 16,000 (8,200) (2,600) (1,420) Administration expenses Gain on disposal of PPE (1,140) (1,820) (760) (1,240) Interest expense Тах ехpense- Net profit 2,790 1,780 1. The company disposal of PPE during the year with a book value of £1,000,000. Depreciation of property, plant and equipment for the year was £650,000. The intangibles were acquired for cash towards the end of the year and were not subject to any amortisation in the current period. 2. 3. Prepare the statement of cash flows using the indirect method.

Loans and 14,130 10,220 borrowings a Deferred tax liability 1,010 960 15,140 11,180 Currente Liabilitiese Trade payable Current tax payable Interest payable 1,260 1,140 1,040 920 980- 740 3,280 40,190- 2,800 32,960 Total Equity and Liabilities 2019 £'000 2018 £'000 Sales Cost of sales= Distribution costsee 22,000 (11,800) (3,100) (1,630) 280 16,000 (8,200) (2,600) (1,420) Administration expenses Gain on disposal of PPE (1,140) (1,820) (760) (1,240) Interest expense Тах ехpense- Net profit 2,790 1,780 1. The company disposal of PPE during the year with a book value of £1,000,000. Depreciation of property, plant and equipment for the year was £650,000. The intangibles were acquired for cash towards the end of the year and were not subject to any amortisation in the current period. 2. 3. Prepare the statement of cash flows using the indirect method.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter11: Determining The Cost Of Capital

Section: Chapter Questions

Problem 1P: 11-1 After-Tax Cost of Debt Calculate the after-tax cost of debt under each of the following...

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