Seminari 3: CASH FLOW STATEMENT
An Enterprise presents the following data (in thousands of euros):
BALANCE SHEET
ASSETS Year 2 Year 1
NON CURRENT ASSETS 450 380
Tangible assets 600 500
- Accumulated depreciation -150 -120
CURRENT ASSETS 593 455
Inventories 225 200
Customers 245 175
Cash and bank 123 80
TOTAL ASSETS 1.043 835
EQUITY & LIABILITIES
EQUITY 880 650
Capital 550 350
Retained earnings 210 200
Net profit 120 100
LONG-TERM LIABILITIES 42 90
Long-term loans 42 90
SHORT-TERM LIABILITIES 121 95
Suppliers 65 70
Debt for the income tax 56 25
TOTAL 1.043 835
INCOME STATEMENT
Net sales 1.584
Purchases -800
Changes in inventories +25
Personnel expenses -450
Other expenses -130
Depreciation -30
EBIT +199
Financial expenses -48
Financial result -48
EBT 151
Income tax -31
Net profit +120
Additional information:
During the year the capital has increased to 200, corresponding to a capital increase
with input from partners and by capitalization of reserves.
The distribution of profit for the year 1 was 40 to dividends and the remaining to
reserves.
