Axiomatic Ltd's statement of cash flows for last year is shown below. Provide observations about how the company managed its cash during the year.

Transcribed Image Text:

Operating: AXIOMATIC LTD STATEMENT OF CASH FLOWS FOR LAST YEAR Net profit for the year Add back non-cash expenses: Depreciation expense Amortisation expense Bad debt expense Non-cash working capital changes: Increase in accounts receivable Increase in inventories Increase in accounts payable Cash generated by operations Investing activities: Additions to noncurrent assets Proceeds on disposal of noncurrent assets Financing activities: Short-term bank loan Additions to noncurrent debt Repayments of noncurrent debt Share capital issued Dividends paid during the year Increase in cash for the year Cash, beginning of year Cash, end of year 216800 14200 38900 (143 900) (71 600) 87 000 (429 100) 27700 30000 343 200 (316000) 200 000 (40000) $ 94900 269 900 (128 500) 236 300 (401 400) 217200 52 100 (93 500) (41400)