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I have the model answe for this question in Kaplan exam kit, however I’m struggling to understand how they got the yearly cash flows for 2010 and 2011.
Can someone help please ?
Thanks
I don’t have the Kaplan book, but working from the ACCA Q and A, for 2010:
PBT = 31,200
Tax @30% = 9,360
Profit after tax = 21,840
Add depreciation (not a cash flow) of 120,000Free cash flow = 21,840 + 120,000 = 141,840
Similarly for 2011.
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