Coursework Brief: Global Innovations Ltd$.$ Case Study

Background: Global Innovations Ltd$.$ is a mid$-$sized technology company specializing

in developing sustainable energy solutions. The company was founded in $2015$ and

has experienced significant growth over the past few years. As a newly appointed

financial analyst at Global Innovations Ltd$.,$ you have been tasked with preparing and

analysing key financial statements for the company's board of directors.

Financial Information: Use the following financial data for Global Innovations Ltd$.$ to

complete the assigned tasks. All figures are in millions of British Pounds.

Year $2023($in million $)$:

Revenue: $450($amount for the year $\frac{1}{1}\frac{?}{2023}-\frac{31}{12}\frac{?}{2023})$

Cost of goods sold: $270($amount for the year $\frac{1}{1}\frac{?}{2023}-\frac{31}{12}\frac{?}{2023})$

Operating expenses: $90($amount for the year $\frac{1}{1}\frac{?}{2023}-\frac{31}{12}\frac{?}{2023})$

Interest expense: $15(($amount for the year $\frac{1}{1}\frac{?}{2023}-\frac{31}{12}\frac{?}{2023}$

Tax rate: $25\%$

Depreciation: $30($amount for the year $\frac{1}{1}\frac{?}{2023}-\frac{31}{12}\frac{?}{2023})$

Accounts receivable: $60($as on $\frac{31}{12}\frac{?}{2023})$

Inventory: $45($as on $\frac{31}{12}\frac{?}{2023})$

Property, plant, and equipment $($net$)$: $320($as on $\frac{31}{12}\frac{?}{2023})$

Accounts payable: $40($as on $\frac{31}{12}\frac{?}{2023})$

Short$-$term debt: $50($as on $\frac{31}{12}\frac{?}{2023})$

Long$-$term debt: $180($as on $\frac{31}{12}\frac{?}{2023})$

On $\frac{1}{1}\frac{?}{2023}$ the company had:

Common stock: $100$

Retained earnings: $160$

Long$-$term debt: $40$

Accounts payable: $0$

Accounts receivable: $0$

Short term debt: $0$

Cash: $0$

Inventory: $0$

Additional information:

The company purchased new equipment for $50$ million in cash during the

year. This is included in the property, plant and equipment $($net$)$ figure above.

During the year the company issued $30$ million in new common stock.

The company paid dividends of $20$ million for the year.

Questions:

$($a$)$ Prepare and present the following financial statements for Global Innovations

Ltd$.$ for the year $2023$: a$)$ Income Statement b$)$ Statement of Financial Position

$($Balance Sheet$)$ c$)$ Statement of Cash Flows $($using the indirect method$)$

$!!!$Please can you help me prepare the statement of cash flows!!!