NATHANIA – 2440048421

The following is a statement of comparative financial position of PT Armenia in 2021 and

2022 (in rupiah)

PT. Armenia

Comparative Statements of Financial Position

December 31, 2021 and 2022

Account 2022 2021

Assets

Land 1.000.000.000 1.200.000.000

Building 500.000.000 530.000.000

Accum. Depreciation of Building (168.750.000) (229.750.000)

Vehicle 300.000.000 300.000.000

Accum. Depreciation of Vehicle (240.625.000) (203.125.000)

Supplies 20.000.000 15.000.000

Inventory 270.000.000 195.000.000

Accounts Receivable (net) 250.000.000 175.000.000

Cash 440.125.000 258.500.000

Total Assets 2.370.750.000 2.240.625.000

Equity and Liabilities

Share Capital – Ordinary (par Rp 600.000.000 500.000.000

5.000)

Share Premium – Ordinary 550.000.000 375.000.000

Retained Earnings 620.750.000 420.000.000

Bank Loan 400.000.000 700.000.000

 Accounts Payable 175.000.000 220.000.000

Dividend Payable 25.000.000 25.625.000

Total Equity and Liabilities 2.370.750.000 2.240.625.000

Additional information during the year 2022:

1. Net profit in 2022 is Rp 250,750,000 with sales of Rp 1,500,000,000, COGS of Rp
1,060,062,500, operating expense of Rp 216,500,000 (including depreciation expense)
and interest expense of 40,000,000. The 2022 tax rate is 25%.
2. The land is sold on April 30, 2022 for Rp. 300,000,000.
3. The building purchased on March 30, 2015 with an acquisition cost of Rp
180,000,000 was sold for Rp 120,000,000 on May 5, 2022. The building has a useful
life of 15 years.
4. During 2022, PT. Armenia issued 20,000 shares.

Instruction:
Make a Statement of Cash Flows PT. Armenia for the year ended December 31, 2022 using
the direct method!

Answer:
PT. Armenia
Statements of Cash Flow (Direct Method)
For the Year Ended December 31, 2022
(in Rupiah)

Cash Flow from Operating Activities:

Net Income 250.750.000
Depreciation by Operating Activities 57.000.000

Increase in Current Assets:

Account Receivable 75.000.000
Inventory 75.000.000
Supplies 5.000.000
Decrease in Current Liabilities:
Account Payable 45.000.000 200.000.000
107.750.000
Cash Flow from Investing Activities:
Sale of Land 200.000.000
Building Purchased 150.000.000
 Sale of Building 180.000.000
Net Cash Reduced by Investing Activities
230.000.000
Cash Flow from Financial Activities:
Issuance of Shares 275.000.000
Payment of Dividends 50.625.000
Paid Bank Loan 260.000.000
Net Cash Provided by Financial Activities 35.625.000
Net Cash Provided 194.375.000

Beginning Cash Balance 258.500.000

Net Cash 181.625.000
Ending Cash Balance 440.125.000