statement of cash flow 2019 GH¢’000 2018 GH¢’000 2017 GH¢’000 Cash flows from operating activities Profit before income tax 32,548 35,430 11,576 Adjustments for: - Depreciation 56,108 58,326 54,759 - Amortisation 1,185 971 563 - Loss/(profit) on disposal of property, plant and equipment 2,242 (9) (566) - Impairment charge 1,110 534 43 - Finance cost 19,579 19,392 30,724 - Finance income (2,245) (2,357) (443) - Actuarial loss/(gain) on long service awards (236) (128) (416) - Unrealised exchange difference (82) 2,562 199 110,209 114,721 96,439 Changes in: - Inventories (36,210) (2,129) 6,242 - Trade and other receivables (20,120) (4,085) (5,915) - Trade and other payables 63,776 (24) (5,824) - Related party balances (10,095) (9,803) (2,703) - Employee benefit obligations 1,354 295 407 - Provisions 47 558 158 Cash generated from operating activities 108,961 99,533 88,804 Interest paid (19,238) (20,351) (29,835) Current income taxes paid (7,817) (220) (232) National fiscal stabilisation levy paid (3,876) - - Net cash generated from operating activities 78,030 78,962 58,737 Cash flows from investing activities Acquisition of property, plant and equipment (100,993) (61,327) (42,437) Acquisition of intangible assets (772) - - Proceeds from disposal of property, plant and equipment 1,789 466 985 Interest received 2,245 2,357 443 Net cash used in investing activities (97,731) (58,504) (41,009) Cash flows from financing activities Repayment of finance lease obligations (8,479) (10,278) (9,172) Dividend paid (10,797) - - Net cash (used in) / generated from financing activities (19,276) (10,278) (9,172) Net (decrease)/increase in cash and cash equivalents (38,977) 10,278 8,556 Cash and cash equivalents at 1 July 62,836 52,572 44,061 Effect of movements in exchange rates on cash held 659 84 (45) Cash and cash equivalents at 30 June 24,518 62,836 52,572 Required calculate as many ratios you can for the three most recent years.
statement of cash flow
|
2019 GH¢’000
|
2018 GH¢’000
|
2017 GH¢’000
|
|
|
|
|
|
|
|
Profit before income tax |
32,548 |
35,430 |
11,576 |
|
Adjustments for: |
|
|
|
|
- |
56,108 |
58,326 |
54,759 |
|
- Amortisation |
1,185 |
971 |
563 |
|
- Loss/(profit) on disposal of property, plant and equipment |
2,242 |
(9) |
(566) |
|
- Impairment charge |
1,110 |
534 |
43 |
|
- Finance cost |
19,579 |
19,392 |
30,724 |
|
- Finance income |
(2,245) |
(2,357) |
(443) |
|
- Actuarial loss/(gain) on long service awards |
(236) |
(128) |
(416) |
|
- Unrealised exchange difference |
(82) |
2,562 |
199 |
|
|
110,209 |
114,721 |
96,439 |
|
Changes in: |
|
|
|
|
- Inventories |
(36,210) |
(2,129) |
6,242 |
|
- Trade and other receivables |
(20,120) |
(4,085) |
(5,915) |
|
- Trade and other payables |
63,776 |
(24) |
(5,824) |
|
- Related party balances |
(10,095) |
(9,803) |
(2,703) |
|
- Employee benefit obligations |
1,354 |
295 |
407 |
|
- Provisions |
47 |
558 |
158 |
|
Cash generated from operating activities |
108,961 |
99,533 |
88,804 |
|
Interest paid |
(19,238) |
(20,351) |
(29,835) |
|
Current income taxes paid |
(7,817) |
(220) |
(232) |
|
National fiscal stabilisation levy paid |
(3,876) |
- |
- |
|
Net cash generated from operating activities |
78,030 |
78,962 |
58,737 |
|
Cash flows from investing activities |
|
|
|
|
Acquisition of property, plant and equipment |
(100,993) |
(61,327) |
(42,437) |
|
Acquisition of intangible assets |
(772) |
- |
- |
|
Proceeds from disposal of property, plant and equipment |
1,789 |
466 |
985 |
|
Interest received |
2,245 |
2,357 |
443 |
|
Net cash used in investing activities |
(97,731) |
(58,504) |
(41,009) |
|
Cash flows from financing activities |
|
|
|
|
Repayment of finance lease obligations |
(8,479) |
(10,278) |
(9,172) |
|
Dividend paid |
(10,797) |
- |
- |
|
Net cash (used in) / generated from financing activities |
(19,276) |
(10,278) |
(9,172) |
|
Net (decrease)/increase in cash and cash equivalents |
(38,977) |
10,278 |
8,556 |
|
Cash and cash equivalents at 1 July |
62,836 |
52,572 |
44,061 |
|
Effect of movements in exchange rates on cash held |
659 |
84 |
(45) |
|
Cash and cash equivalents at 30 June |
24,518 |
62,836 |
52,572 |
Required
calculate as many ratios you can for the three most recent years.
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