Professional Documents
Culture Documents
2008
000
2007
000
Revenue
Cost of sales
900
(450)
750
(360)
Gross profit
Other operating expenses
450
(234)
390
(218)
216
9
(75)
15
172
22
(68)
-
165
(49)
126
(38)
116
88
2008
000
324
116
(37)
2007
000
273
88
(37)
403
324
2008
000
2007
000
ASSETS
Non-current assets
Property, plant and equipment (note 2)
Development expenditure (note 3)
360
37
420
29
397
449
Current assets:
Inventories
Trade and other receivables
Cash and cash equivalents
158
170
55
135
150
113
383
398
Total assets
780
847
150
253
150
174
Total equity
403
324
Non-current liabilities
Interest bearing borrowings
Obligations under finance leases
Deferred tax
45
120
44
135
105
36
209
276
86
45
37
97
120
30
168
247
780
847
Current liabilities
Trade and other payables (note 4)
Short term borrowings (note 5)
Obligations under finance leases
31/dec/08
0
225
135
360
31/dec/07
135
180
105
420
During the year, Debitron entered into new finance lease agreements in respect of certain items
of plant and equipment. The amounts debited to non-current assets in respect of such
agreements during the year totalled 60. No disposals of plant and equipment (owned or leased)
took place during the year. Depreciation of non-current assets for the year totalled 87.
Note 3 Development expenditure
This comprises the unamortised balance that is capitalised in accordance with the provisions of
IAS 38 Intangible Assets. Debitron charged amortisation of 15 to the income statement during
the current period in accordance with the provisions of IAS 38.
Note 4 Trade and other payables
Trade payables
Income taxes payable
Accrued interest
31/dec/08
59
15
12
86
31/dec/07
77
12
8
97
4
1
1
65
9
3
Required
Prepare the cash flow statement for 2008 using the indirect method based on the standard
template for a Statement of Cash Flows.