Part B Case Study

You are given the Income Statement and Balance Sheet for XYZ Pty Ltd for the year ended 30 June 2015 as below:

XYZ Pty Ltd Income statement For the year ended 30th June 2015
Revenue	$$	$$
Sales revenue	304
Interest revenue	21
Dividend revenue	19
Gain on sales of PPE	42
Total revenue		386
Cost of sales	170	170
Expenses
Salary & wages expense	60
Depreciation expense	26
Interest expense	26
Other operating expense	23
Total expenses		135
Profit before income tax		81
Less: income tax expense		(25)
Net profit after tax		56

XYZ Balance sheet For the year ended 30th June 2015
	2015	2014
Current- Assets	$$	$$
Cash	120	112
Account receivable	113	100
Interest receivable	13	10
Inventory	155	158
Non-current assets
PPE-net	352	227
Current-liabilities
Account payable	101	77
Salary & wages payable	8	10
Other expenses payable	8	10
Non-current liabilities
Long-term debts	200	100
Net assets	436	410
Shareholders equity
Share capital	300	300
Retained earnings	136	110
Total Shareholders equity	436	410

Additional information:

• PPE that had a carrying amount of $60 was sold for $102.
• New PPE purchased for cash amounted to $211.
• A borrowing of $100 was made during the year and received in cash.
• Dividends received in cash were $19.
• Dividends were paid in cash during the year.

Required:

Prepare the statement of cash flows for XYZ Pty Ltd for the year ended 30 June 2015.