QUESTION 2 The following information relates to Kim Ltd KIM

QUESTION 2

The following information relates to Kim Ltd. KIM LTD Statement of flnanclal positlon as at 30 June 2016 (In thousands) 2016 2015 CHANGE INCREASE/(DECREASE) Current assets Cash Accounts receivable Allowance for doubtful debts Inventory Prepaid insurance $773 585 (35) 550 35 1908 433 (40) 10 0 625 (25) 420 30 1 390 Non-current assets Land Buildings Accumulated depreciation-buildings Plant and equipment Accumulated depreciation-plant and equipment Patents 1 170 1 225 (385) 942 (430) 1 100 955 (350) 723 (400) 80 2 108 53 498 70 270 (35) 219 (30) (15) 2 587 $4495 Total assets Current liabilities Account payable Accrued expenses Interest payable Income tax payable Final dividend payable S(80) (10) S310 130 35 450 300 1 225 S390 140 0 390 200 1 150 60 100 Non-current liabilities Borrowings Total liabilities 1 100 800 300 S2 325 $1 950

Solution

Cash Flow Statement Cash From Operating Activities Cash From Investing Activities Cash From Financial Activities Net Increase in Cash Equivalents 1113 Cash & cash Equivalent At beginning (340) Cash & Cash Equivalent at End of the Year 773