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Packages Cash Flow

The cash flow statement summarizes the company's cash flows from operating, investing and financing activities for the year ended December 31, 2002. It shows that the company had a net cash outflow of Rs. 648,259 million from operating activities but a net cash inflow of Rs. 286,476 million. Investing activities resulted in a net cash outflow of Rs. 49,964 million, while financing activities used Rs. 884,771 million in net cash. Overall, there was a net decrease in cash and cash equivalents of Rs. 648,259 million during the year.

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116 views3 pages

Packages Cash Flow

The cash flow statement summarizes the company's cash flows from operating, investing and financing activities for the year ended December 31, 2002. It shows that the company had a net cash outflow of Rs. 648,259 million from operating activities but a net cash inflow of Rs. 286,476 million. Investing activities resulted in a net cash outflow of Rs. 49,964 million, while financing activities used Rs. 884,771 million in net cash. Overall, there was a net decrease in cash and cash equivalents of Rs. 648,259 million during the year.

Uploaded by

omair
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLS, PDF, TXT or read online on Scribd
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PACKAGES LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2002
(rupees in thousand)

Cash flows from operating activities NOTE

Cash generated from operations note 37 772,899


Financial charges paid W-1 (213,126)
Taxes paid W-2 (247,361)
Payments for accumulating compensated absences 9.2 (6,624)
Retirement and other benefits paid W-3 (19,312)

Net cash from operating activities 286,476

Cash flows from investing activities


Fixed capital expenditure =746,875+4,699-(445,143-196,902)-882 (502,451)
note 13 14 16 13
Net decrease in long-term loans, deposits
and other receivables =(4,160-3,679) 18 481
Sale proceeds of fixed assets 13.3 7,206
Dividend received 27 498,865
Long-term investments =(515,530-570,628) - 1,033
B/S op activities (54,065)

Net cash used in investing activities (49,964)

Cash flows from financing activities


Proceeds from redeemable capital,
long term loans and other payables =(10,238-15,108) 8 4,870
Repayment of redeemable capital,
long term loans and other payables =(541,321-0) + (150,000-50,000)
BALANCE SHEET =>current portion of LTL Reedeemable Cap (641,321)

Payment of finance lease liabilities =(70,400-35,200) 7 (35,200)


Dividend paid W-4 (213,120)

Net cash (used in)/from financing activities (884,771)

Net (decrease)/increase in cash and cash equivalents (648,259)


Cash and cash equivalents at the beginning of the year 1,035
Cash and cash equivalents at the end of the year (647,224)

Cash generated from operations


Profit before taxation P/L 797,225
Adjustments for:
Depreciation/amortisation on fixed assets 13.1 413,139
Depreciation on investment property 14 712
Amortisation on leased assets 15 11,000
Provision for diminution in value of investments 0
Provision for accumulating compensated absences 9.2 4,407
Retirement and other benefits accrued =(5858-1763)+4096+(1183-175) 9,199
25.1 26.1 26.2
Unrealized profit on held to maturity investments (1,033)
Net profit on disposal of fixed assets 27 (3,660)
Financial charges 28 176,800
Dividend income 27 (498,865)

Profit before working capital changes 908,924

Effect on cash flow due to working capital changes


Decrease/(increase) in trade debts B/S 52,808
(Increase)/decrease in stores and spares B/S (36,394)
(Increase) in stock in trade B/S (114,411)
Decrease in loans, advances, deposits, prepayments
and other receivables [=(351,084-239,002)-(379,165-293,510)] 23 26,427
(Decrease)/increase in creditors, accrued and other liabilities
=(595,902-31,948-12,969-23,912-8,437-3,074) -
(495,918-2,239-5,548-23,909-9,244-3,871) 11 (64,455)
(136,025)

772,899

W-1
FINANCIAL CHARGES PAYABLE

Cash (bal) 213,126 Opening n11 31,948


12,969
Closing n11 2,239 23,912
5,548 8,437
23,909
9,244
Accrued N28 176,800

254,066 254,066

W-2
INCOME TAX
Advance opening n23 239,002 Deferred Tax Op n9 471,000
Deferred Tax Cl n9 420,000 Provision P/L 141,853
Advance Closing n23 293,510
Cash (bal) 247,361
906,363 906,363
W-3
RETIREMENT BENEFITS

Opening N19 16,619 Accrued operating 9,199


activities
Cash (bal) 19,312 Closing N19 26,732

35,931 35,931

W-4
DIVIDENDS

Unclaimed CL N11 3,871 Unclaimed Op N11 3,074

Cash (bal) 213,110 Proposed P/L 213,907

216,981 216,981

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