AIK BAGIAN TATA

E10. 6
a. Reformulate the balance sheet for 2012 in a
way that distinguishes operating and financing
activities. Also reformulate the equity
statement.
 Reformulated Balance heet
2012 2011
Operating assets (OA):
Trade receivables 940 790
Inventories 910 840
Other current operating assets 60 50
Plant and Property 2840 2710
4750 4390
Operating Liabilities (OL):
Trade payables and accrued liabilities 1590 1490
Net operating assets (NOA) 3160 2900
Net financial assets (NFA):
Short-term investments 550 500
Long-term debt (1840) (1970)
(1290) (1470)
Common shareholders’ equity (CSE) 3460 2920
 Reformulated Equity Statement
Beginning book va lue of common equity 1430
+ Net effect of transact ions with common share holders -
+ Capital contributions (share issues) 822
- Share repurchases (720)
- Dividends (180)
Net cash contribution (negative net dividends) 1352
+ Effect of operations and non equity financing
+ Net income (from income statement) 468
+ Other comprehensive income 50
- Preferred dividends -
Comprehensive income ava ilable to common 518
Closing book value of common equity 3300
b. Prepare a reformulated statement of
comprehensive income.
 E 11. 1
Classification of Cash Flows
a. Payment of a receivable by a customer (Operating activity)
b. Sale to a customer on credit (Operating activity)
c. Expenditure on plant (Free cash flow)
d. Expenditure on research and development (Free cash flow)
e. Payment of interest (Financing activity)
f. Purchase of a short-term investment with excess cash
(Financing activity)
g. Sale of accounts receivable (Financing activity)
E11. 11
a. Cah dividend = 33.498
b. Net dividend = 33.672
c. Unlevered cash flow from operation =
d. Cash invested in operation = 11.426
e. Free cash flow = 36.003