ven the following statement of Financial Position and Statement of Financial Performance, Prepare the Statement of Cash Flow s using the Indirect Method.

Managerial Accounting and Control 1
Cash Flow Statement Analysis Activity
1. Given the following statement of Financial Position and Statement of
Financial Performance, Prepare the Statement of Cash Flow s using the Indirect Method.
STATEMENT OF FINANCIAL POSITION
ASSETS 2020 2019
Current assets
Cash and cash equivalents 5,137,144,792 4,624,655,095
Short-term investment 11,493,502 11,389,621
Receivables 3,674,543,057 3,430,979,113
Inventories 4,243,099,966 4,164,073,340
Prepayments and other current assets
Total Current Assets
Noncurrent Assets
Property and equipment
830,512,756 472,351,337
13,896,794,073 12,703,448,506
6,336,643,785 7,023,486,002
Right-of-use asset 6,975,912,246 7,549,790,375
Goodwill and other noncurrent assets 462,636,786 670,343,702
Receivables – net of current portion 58,024,244 207,766,169
Deposits 1,055,456,946 1,002,878,994
Deferred tax assets – net
Total Noncurrent Assets
TOTAL
963,539,389 515,950,406
15,852,213,396 16,970,215,648
29,749,007,469 29,673,664,154
LIABILITIES 2020 2019
Current Liabilities
Bank loans 830,000,000 65,000,000
Current portion of long-term debt 241,690,058 160,440,058
Accounts payable and accrued expenses 5,954,411,302 6,785,772,198
Lease liabilities 2,125,633,197 2,006,019,727
Current portion of contract liabilities 510,441,833 418,715,881
Income tax payable 266,514 218,851,309
Other current liabilities
Total Current Liabilities
Noncurrent Liabilities
Long-term debt – net of current portion
4,201,875,385 4,051,960,551
13,864,318,289 13,706,759,724
1,091,725,146 333,415,205
Lease liabilities – net of current portion 6,487,085,252 6,753,525,570
Deposits payable 361,995,615 313,328,714
Contract liabilities – net of current portion 141,915,647 191,702,318
Net retirement obligations 442,099,746 331,343,566
Cumulative redeemable preferred shares
Total Noncurrent Liabilities
Total Liabilities
6,000,000 6,000,000
8,530,821,406 7,929,315,373
22,395,139,695 21,636,075,097
Equity
Common stock 757,104,533 757,104,533
Additional paid-in capital 293,525,037 293,525,037
Appropriated 6,100,000,000 6,100,000,000
Unappropriated 331,691,101 978,334,123
Other comprehensive loss
Total
-125,529,651 -88,451,390
7,356,791,020 8,040,512,303
Cost of own shares held in treasury
Total Equity
TOTAL
2,923,246 2,923,246
7,353,867,774 8,037,589,057
29,749,007,469 29,673,664,154
STATEMENT OF FINANCIAL OPERATION
REVENUES
Revenue from contracts with customers 43,645,923,273 52,950,902,607
Rental Revenue 148,687,434 137,107,640
Interest Revenue 53,372,316 37,582,393
Other Revenue 181,987,512 62,037,334
TOTAL REVENUES 44,029,970,535 53,187,629,974
EXPENSES
Cost of merchandise sales 28,783,351,394 34,368,460,873
General and administrative expenses 14,674,175,998 15,794,863,340
Interest expense 1,064,345,224 897,502,571
Other expenses 73,324,948 45,862,835
TOTAL EXPENSES 44,595,197,564 51,106,689,619
INCOME (LOSS) BEFORE INCOME TAX -565,227,029 2,080,940,355
PROVISION FOR (BENEFIT FROM) INCOME
TAX
-145,509,492 636,366,870
NET INCOME (LOSS) -419,717,537 1,444,573,485

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