The following are the financial statements for Nailsea plc for the years ended 30 June 2017 and
Question:
The following are the financial statements for Nailsea plc for the years ended 30 June 2017 and 2018:
There were no disposals of non-current assets in either year. Dividends were paid in 2017 and 2018 of £40 million and £45 million, respectively.
Required:
Prepare a statement of cash flows for Nailsea plc for the year ended 30 June 2018.
Transcribed Image Text:
Income statement for years ended 30 June 2017 £m 1,230 Revenue Operating expenses Depreciation Operating profit Interest payable Profit before taxation Taxation Profit for the year (722) (270) 238 238 (110) 128 2018 £m 2,280 (1,618) (320) 342 (27) 315 (140) 175
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Related Book For
Financial Accounting For Decision Makers
ISBN: 9781292251257
9th Edition
Authors: Peter Atrill, Eddie McLaney
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