Question - The balances in the accounts of XYZ at 30 June 2012 and 30 June 2013
|
2013 ($000)
|
2012 ($000)
|
|
Sales (all on credit)
|
250
|
350
|
|
Cost of Goods Sold
|
130
|
110
|
|
Doubtful Debt Expense
|
25
|
30
|
|
Interest Expense
|
20
|
30
|
|
Salaries
|
30
|
25
|
|
Depreciation
|
10
|
15
|
|
Cash
|
144
|
139
|
|
Inventory
|
180
|
160
|
|
Debtors
|
270
|
250
|
|
Provision for Doubtful Debts
|
30
|
35
|
|
Land
|
150
|
150
|
|
Plant
|
100
|
90
|
|
Provision for depreciation
|
20
|
30
|
|
Bank overdraft
|
20
|
19
|
|
Accounts Payable
|
200
|
190
|
|
Accrued Salaries
|
22
|
18
|
|
Long-term loan
|
90
|
70
|
|
Share Capital
|
120
|
100
|
|
Opening retained earnings
|
307
|
187
|
Other Information -
Share Capital is increased by the bonus issue of 20 000 shares for $1.00 each out of retained earnings. Plant is acquired during the period at a cost of $30 000, while plant with carrying value of $nil (cost of $20 000; accumulated depreciation of $20 000) is scrapped.
Required - Prepare a statement of cash flow for XYZ Ltd for the year ending 30 June 2013.