Practice Exercise - Ravensburger Strictly Confidential

Table of Contents

Ravensburger Financial Statements

© 2015 to 2023 CFI Education Inc.

This Excel model is for educational purposes only and should not be used for any other reason. All content is Copyright material of CFI Education Inc.
All rights reserved. The contents of this publication, including but not limited to all written material, content layout, images, formulas, and code, are protected
under international copyright and trademark laws. No part of this publication may be modified, manipulated, reproduced, distributed, or transmitted in any
form by any means, including photocopying, recording, or other electronic or mechanical methods, without prior written permission of the publisher,
except in the case of certain noncommercial uses permitted by copyright law.
https://corporatefinanceinstitute.com/
 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 8
Cost of Sales (380) Accounts Receivable 80 150 70 Depreciation 90
Gross Profit 170 Inventory 60 80 20 Change in Accounts Receivable (70)
Total Current Assets 636 649 Change in Inventory (20)
Other Operating Expenses (50) Change in Accounts Payable 20
EBITDA 120 Non-Current Assets Cash From Operations 28
Property, Plant & Equipment 810 720 (90)
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 (100)
Tax Expense (4) Issuance (Repayment) of Equity –
Net Income (EAT) 8 Current Liabilities Payment of Dividends (5)
Accounts Payable 30 50 20 Cash From Financing (105)
Dividends (5) Total Current Liabilties 30 50
Retained Earnings 3 Net Increase (Decrease) in Cash (77)
Non-Current Liabilities Opening Cash Balance 496
Long-Term Debt 400 300 (100) Closing Cash Balance 419
Total Non-Current Liabilities 400 300
Matches balance sheet ok
Shareholders' Equity
Common Shares 1,000 1,000 – PPE Start of Year 810
Retained Earnings 16 19 3 Capex –
Total Shareholders' Equity 1,016 1,019 Depreciation (90)
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