The following information is available in respect of Vegas plc for the last 2 years ended 31 December. Non-current Assets (at Net Book Value) Current Assets: Inventory Trade receivables Cash at bank Equity and Liabilities: Equity Share capital £1 Share premium Revenue reserve Vegas plc: Statement of Financial Position 31.12.2021 Non-current Liabilities: Loan Current Liabilities: Trade payables Taxation (accrual) Operating profit Taxation £000 390 462 80 88 142 £000 2,100 932 3.032 900 50 852 1,802 1,000 230 3.032 £000 274 (156) 118 (87) 31 31.12.2020 Vegas plc: Income Statement (Extract) for the year ended 31.12.2021 Dividends Retained profit for the year The following information is also available: • There were no non-current asset disposals during the year. • Depreciation for the year was £240,000. £000 210 346 50 73 137 £000 1,975 606 2,581 700 821 1,521 850 210 2.581 Prepare, in a suitable format, the Statement of Cash Flow for Vegas plc for the year ended 31.12.2021, presenting figures to the nearest thousand (£000).
The following information is available in respect of Vegas plc for the last 2 years ended 31 December. Non-current Assets (at Net Book Value) Current Assets: Inventory Trade receivables Cash at bank Equity and Liabilities: Equity Share capital £1 Share premium Revenue reserve Vegas plc: Statement of Financial Position 31.12.2021 Non-current Liabilities: Loan Current Liabilities: Trade payables Taxation (accrual) Operating profit Taxation £000 390 462 80 88 142 £000 2,100 932 3.032 900 50 852 1,802 1,000 230 3.032 £000 274 (156) 118 (87) 31 31.12.2020 Vegas plc: Income Statement (Extract) for the year ended 31.12.2021 Dividends Retained profit for the year The following information is also available: • There were no non-current asset disposals during the year. • Depreciation for the year was £240,000. £000 210 346 50 73 137 £000 1,975 606 2,581 700 821 1,521 850 210 2.581 Prepare, in a suitable format, the Statement of Cash Flow for Vegas plc for the year ended 31.12.2021, presenting figures to the nearest thousand (£000).
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...
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![The following information is available in respect of Vegas plc for the last 2 years ended 31
December.
Non-current Assets (at Net Book Value)
Current Assets:
Inventory
Trade receivables
Cash at bank
Equity and Liabilities:
Equity
Share capital £1
Share premium
Revenue reserve
Vegas plc: Statement of Financial Position
31.12.2021
Non-current Liabilities:
Loan
Current Liabilities:
Trade payables
Taxation (accrual)
Operating profit
Taxation
£000
390
462
80
88
142
£000
2,100
932
3.032
900
50
852
1,802
1,000
230
3.032
274
(156)
118
(87)
31
31.12.2020
Vegas plc: Income Statement (Extract) for the year ended 31.12.2021
£000
Dividends
Retained profit for the year
The following information is also available:
• There were no non-current asset disposals during the year.
• Depreciation for the year was £240,000.
£000
210
346
50
73
137
£000
1,975
606
2.581
700
821
1,521
850
210
2.581
Prepare, in a suitable format, the Statement of Cash Flow for Vegas plc for the year ended
31.12.2021, presenting figures to the nearest thousand (£000).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F985f56dd-85a1-4e9b-aa4e-616c59216ee4%2Fb3d2a1f0-9c06-4175-ad70-abed9cf357ec%2F3mx4eug_processed.png&w=3840&q=75)
Transcribed Image Text:The following information is available in respect of Vegas plc for the last 2 years ended 31
December.
Non-current Assets (at Net Book Value)
Current Assets:
Inventory
Trade receivables
Cash at bank
Equity and Liabilities:
Equity
Share capital £1
Share premium
Revenue reserve
Vegas plc: Statement of Financial Position
31.12.2021
Non-current Liabilities:
Loan
Current Liabilities:
Trade payables
Taxation (accrual)
Operating profit
Taxation
£000
390
462
80
88
142
£000
2,100
932
3.032
900
50
852
1,802
1,000
230
3.032
274
(156)
118
(87)
31
31.12.2020
Vegas plc: Income Statement (Extract) for the year ended 31.12.2021
£000
Dividends
Retained profit for the year
The following information is also available:
• There were no non-current asset disposals during the year.
• Depreciation for the year was £240,000.
£000
210
346
50
73
137
£000
1,975
606
2.581
700
821
1,521
850
210
2.581
Prepare, in a suitable format, the Statement of Cash Flow for Vegas plc for the year ended
31.12.2021, presenting figures to the nearest thousand (£000).
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