Balancing figure SFP

Clarekaye

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?

SandyHood

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

Clarekaye

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

coojee

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)

Nps

I get 15 too.