HINCKLEY SA

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2019
(in Pesos)
2019

CASH FLOWS FROM OPERATING ACTIVITIES

Income before income tax 21,250
Adjustments for:
Gain from flood damage (8,250)
Loss on sale of equipment 4,100
Interest expense 2,000
Depreciation expense 1,900
Amortization of patent 1,250
Gain on sale of investment (1,700)
Reversal of prior year receivable provision (1,500)
Operating income before working capital changes 19,050
Decrease (increase) in:
Inventory (3,000)
Accounts receivable (2,250)
Increase (decrease) in:
Accounts payable 2,000
Net cash generated from operations 15,800
Interest paid (2,000)
Income tax paid (6,500)
Net cash provided by operating activities 7,300

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from:
Insurance of flood-damaged building 32,000
Sale of investment 4,700
Sale of equipment 2,500
Payment for purchase of equipment (20,000)
Net cash provided by investing activities 19,200

CASH FLOWS FROM FINANCING ACTIVITIES

Payments for
Cash dividends (5,000)
Short-term, notes payable (non-trade) (1,000)
Net cash used in financing activities (6,000)

NET INCREASE IN CASH AND CASH EQUIVALENTS 20,500

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 13,000

CASH AND CASH EQUIVALENTS AT END OF YEAR 33,500

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