Harpo Limited has traded for a number of years. financial statement of the company is as follows: Comprehensive Income Statement extract for the year ended 31 December 2017 Operating Profit after interest Taxation Profit after interest and Taxation Dividends Harpo Ltd - Statement of Financial Position as at 31 December 2017 2016 £'000 £'000 £'000 Non-current assets Land and Buildings Fixtures and Fittings Current Assets Inventory Receivables Bank Total Assets Equity Share Capital Share Premium Account Profit and Loss account Non-Current liabilities 8% Loan stock Current Liabilities Bank Overdraft Payables Corporation Tax 542 274 165 0 183 172 950 950 1,900 981 2,881 1800 100 526 2,426 100 485 263 0 45 195 355 175 2,881 £'000 950 650 1,600 748 2,348 1400 433 1,833 100 1 2 3 4 5 6 7 Harpo Ltd - Non-current assets Schedul 8 4 2,3 A £'000 390 (147) 243 (150) 93 B Statement of Cash Flows For the year ended Dec 31,2017 Cash flow from operating activities Net income с Adjustment Depreciation Change in working capital £ 4 D 243 395

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hi is the implied cash flow changes from payables £-12000? Thanks 

Harpo Limited has traded for a number of years.
financial statement of the company is as follows:
Comprehensive Income Statement extract for the year
ended 31 December 2017
Operating Profit after interest
Taxation
Profit after interest and Taxation
Dividends
Harpo Ltd - Statement of Financial Position as at 31 December
2017
2016
£'000 £'000 £'000 £'000
Non-current assets
Land and Buildings
Fixtures and Fittings
Current Assets
Inventory
Receivables
Bank
Total Assets
Equity
Share Capital
Share Premium Account
Profit and Loss account
Non-Current liabilities
8% Loan stock
Current Liabilities
Bank Overdraft
Payables
Corporation Tax
Cost
At 1.1.2017
Additions
Disposals
At 31.12.2017
Depreciation
At 1.1.2017
Charge for the year
Depreciation on disposal
Net Book Value 31.12.2017
542
274
165 981
2,881
0
183
172
950
950
1,900
950
0
0
950
0
0
0
0
950
1800
100
526
2,426
100
485
263
0
45
195
355 175
2,881
Harpo Ltd - Non-current assets Schedul
Land and Fixtures and
Buildings
£'000
Fittings
£'000
2050
725
450
2,325
950
650
1,600
1,400
395
(420)
1,375
950
748
2,348
1400
433
1,833
100
4
2,3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
A
£'000
390
(147).
243
Adjustment
Depreciation
(150)
93
B
Cash flow from operating activities
Net income
Statement of Cash Flows
For the year ended Dec 31,2017
Change in working capital
Increase in inventory
Increase in receivable
Decrease in payable
Decrease in corporate tax
Decrease in bank overdraft
Net change in working capital
Net cash flow from operating activities
Cash flow from investing activities
Purchase of fixture and fiting
Sales of fixture and fiting
Net cash flow from investing activities
Cash flow from financing activities
Dividend paid
Issue of share
Share premium
Net cash flow from financing activities
Net cash flow from all the activities
Add: Opening cash balance
Cash bal. as on 31 Dec 2017
બ બ બ બ બ
-£
-£
C
44
71235
11
45
-£ 725
30
-£ 150
£ 400
£ 100
£
4
-£
£
444
243
£
395
-£ 695
128
510
350
165
£ 165
Transcribed Image Text:Harpo Limited has traded for a number of years. financial statement of the company is as follows: Comprehensive Income Statement extract for the year ended 31 December 2017 Operating Profit after interest Taxation Profit after interest and Taxation Dividends Harpo Ltd - Statement of Financial Position as at 31 December 2017 2016 £'000 £'000 £'000 £'000 Non-current assets Land and Buildings Fixtures and Fittings Current Assets Inventory Receivables Bank Total Assets Equity Share Capital Share Premium Account Profit and Loss account Non-Current liabilities 8% Loan stock Current Liabilities Bank Overdraft Payables Corporation Tax Cost At 1.1.2017 Additions Disposals At 31.12.2017 Depreciation At 1.1.2017 Charge for the year Depreciation on disposal Net Book Value 31.12.2017 542 274 165 981 2,881 0 183 172 950 950 1,900 950 0 0 950 0 0 0 0 950 1800 100 526 2,426 100 485 263 0 45 195 355 175 2,881 Harpo Ltd - Non-current assets Schedul Land and Fixtures and Buildings £'000 Fittings £'000 2050 725 450 2,325 950 650 1,600 1,400 395 (420) 1,375 950 748 2,348 1400 433 1,833 100 4 2,3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 A £'000 390 (147). 243 Adjustment Depreciation (150) 93 B Cash flow from operating activities Net income Statement of Cash Flows For the year ended Dec 31,2017 Change in working capital Increase in inventory Increase in receivable Decrease in payable Decrease in corporate tax Decrease in bank overdraft Net change in working capital Net cash flow from operating activities Cash flow from investing activities Purchase of fixture and fiting Sales of fixture and fiting Net cash flow from investing activities Cash flow from financing activities Dividend paid Issue of share Share premium Net cash flow from financing activities Net cash flow from all the activities Add: Opening cash balance Cash bal. as on 31 Dec 2017 બ બ બ બ બ -£ -£ C 44 71235 11 45 -£ 725 30 -£ 150 £ 400 £ 100 £ 4 -£ £ 444 243 £ 395 -£ 695 128 510 350 165 £ 165
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