Practice Exercise - Ravensburger Strictly Confidential

Table of Contents

Ravensburger Financial Statements

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 Construct the Cash Flow Statement for Ravensburger Inc.
1. Calculate the differences on the balance sheet
2. Calculate net CAPEX using the note below the cash flow statement
3. Complete the cash flow statement
4. The boxes to complete are in gray

Income Statement Balance Sheet Cash Flow Statement

ASSETS YEAR 1 YEAR 2 YEAR 2

YEAR 2
Current Assets Operating Cash Flow
Revenues 550 Cash 496 419 Net income
Cost of Sales (380) Accounts Receivable 80 150 Depreciation
Gross Profit 170 Inventory 60 80 Change in Accounts Receivable
Total Current Assets 636 649 Change in Inventory
Other Operating Expenses (50) Change in Accounts Payable
EBITDA 120 Non-Current Assets Cash From Operations
Property, Plant & Equipment 810 720
Depreciation (90) Total Non-Current Assets 810 720 Investing Cash Flow
Operating Profit (EBIT) 30 Property, Plant & Equipment
Total Assets 1,446 1,369 Cash From Investing
Interest Expenses (Finance Cost) (18)
Profit Before Tax (EBT) 12 Financing Cash Flow
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Issuance (Repayment) of Long Term Debt
Tax Expense (4) Issuance (Repayment) of Equity
Net Income (EAT) 8 Current Liabilities Payment of Dividends
Accounts Payable 30 50 Cash From Financing
Dividends (5) Total Current Liabilties 30 50
Retained Earnings 3 Net Increase (Decrease) in Cash
Non-Current Liabilities Opening Cash Balance
Long-Term Debt 400 300 Closing Cash Balance
Total Non-Current Liabilities 400 300
Matches balance sheet error
Shareholders' Equity
Common Shares 1,000 1,000 PPE Start of Year 810
Retained Earnings 16 19 Capex
Total Shareholders' Equity 1,016 1,019 Depreciation –
PPE End of Year 720
Total Liabilities & Equity 1,446 1,369

Total Assets 1,446 1,369

Total Liabilities & Equity 1,446 1,369
Difference – –

Practice Exercise - Ravensburger Page 3 of 3