THE INSTITUTE OF CHARTERED ACCOUNTANTS ... - Resourcedat
THE INSTITUTE OF CHARTERED ACCOUNTANTS ... - Resourcedat
THE INSTITUTE OF CHARTERED ACCOUNTANTS ... - Resourcedat
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PATHFINDER<br />
Decrease in Trade Payables (63,256)<br />
Decrease in loan to policy holders 16,232<br />
Decrease in amount from agents and other receivables 3,582<br />
498,728<br />
Tax paid (wk 5) (70, 038)<br />
Net cash in-flow from operating activities 1,047,313<br />
Investing Activities<br />
Proceed, from disposal of non-current assets 6,025<br />
Investment income received 582,510<br />
Purchase of Non-current assets (wk 1) (330,009)<br />
Purchase of Investments (wk 3) (703, 442)<br />
Net cash out-flow from investing activities (444,916)<br />
Financing Activities<br />
Dividend paid (wk 6) (375,000)<br />
Issue of shares (wk 4) 75,000<br />
Net Cash out-Flow From Financing Activities (300,000)<br />
Increase/decrease in cash & cash equivalent 302,397<br />
Cash and cash equivalent at the start 1,415,211<br />
Cash and cash equivalent at the end 1,717,608<br />
Represented by:<br />
Cash and Bank Balances 187,365<br />
Short term investments 1,530,243<br />
1,717,608<br />
Workings:<br />
PR<strong>OF</strong>ESSIONAL EXAMINATION I - MAY 2012<br />
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