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Balancing figure SFP

ClarekayeClarekaye Trusted RegularRegistered Posts: 307
Excuse the really silly question I am trying to work out the cash at bank figure as a balancing figure, I have checked all the other figures and I am right but I cant get the figure correct how would you work it out?

Comments

  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Dear Clare
    Your question doesn't give a lot to build on but here is my attempt.
    I assume you know the total equity (shareholders' funds) value.
    I assume there is no non-controlling interest.
    I assume you have a value for non-current liabilities
    I assume you have a value for total current liabilities
    I assume you have a value for non-current assets, for total inventory and for accounts receivable.

    I may be wrong already, you may not have all these values.
    But if you do:
    Equity + NC liabilities + C liabilities - NC assets - inventory - accounts receivable = cash
    Sandy
    [email protected]
    www.sandyhood.com
  • ClarekayeClarekaye Trusted Regular Registered Posts: 307
    Ah sorry yep can you try this one and then I can see what figures you used Thanks very much :)

    Net Current Assets 380
    Less Acc Depn (110)
    =270

    Current Assets
    Inventory 60
    Recievables 50
    Cash at bank??

    Current Liabilities
    Payables 60
    Net current assets 335

    Financed by
    Ordinary shares 200
    retained profit 135
    = 335
  • coojeecoojee Experienced Mentor Registered Posts: 794
    Clarekaye wrote: »
    Ah sorry yep can you try this one and then I can see what figures you used Thanks very much :)

    Net Current Assets 380
    Less Acc Depn (110)
    =270

    Current Assets
    Inventory 60
    Recievables 50
    Cash at bank??

    Current Liabilities
    Payables 60
    Net current assets 335

    Financed by
    Ordinary shares 200
    retained profit 135
    = 335

    I get cash at bank to be 15, is that the answer in the book?

    Where you've put net current assets 335 should this say net assets? I don't think it can be net current assets as then the statement won't balance as the bottom half is 335 as well (net current assets plus non current assets = equity and we know that equity is 335)
  • NpsNps Experienced Mentor Registered Posts: 782
    I get 15 too.
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