HINCKLEY SA

STATEMENT OF CASH FLOWS

CASH FLOWS FROM OPERATING ACTIVITIES

Income before Income Tax ₱ 21250.00
Adjustments for:
Loss on Sale of Equipment 4100.00
Interest expense 2000.00
Depreciation expense 1900.00
Amortization of patent 1250.00
Gain on Sale of Investment (1700.00)
Gain on Destroyed Building     (8250.00)
Operating income before working capital changes 20550.00
Decrease (increase) in:
Inventory (3000.00)
Accounts receivable (3750.00)
Increase (decrease) in:
Accounts payable 2000.00
Net cash generated from operations 15800.00
Interest paid (2000.00)
Income tax paid       (6500.00)
Net cash provided by operating activities   7300.00

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from destroyed building 32000.00
Proceeds from sale of investment 4700.00
Proceeds from sale of equipment 2500.00
Payments for:
Purchase of equipment (20000.00)
Net cash provided by investing activities   19200.00

CASH FLOWS FROM FINANCING ACTIVITIES

Payments for
Short-term notes (1000.00)
Cash dividends (5000.00)
Net cash used in financing activities   (6000.00)

NET INCREASE IN CASH AND CASH EQUIVALENTS 20500.00

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 13000.00

CASH AND CASH EQUIVALENTS AT END OF YEAR ₱ 33500.00