This paper was a total disaster for me. I pretty much understoood the requirements of Q1 & Q2 but i spent too much time trying to give the perfect answer so i wasted a lot of time.
Q4 i waffled and ended up going further offcourse. i did someting of the cash flow. i strtd with the net op. flows per question & add back the sales of the cars as they were now inventories. less 1m share of profit of assoc. (4m x 25%) less interest received as well as sme other things.
The question actually defined what was meant by “Free operating cash flow” so that i nvr had much problem understanding but again i spent too much time on trying to give the perfect answer and so after all i ended up not answering quest. 3 completely- which is a CORDINAL SIN
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