Why CASH at the end of the year in Cash Flow Statement is not the same as in Balance sheet

akmalmakhkamov

Why CASH at the end of the year in Cash Flow Statement is not the same as in the Balance sheet?
Please find attached the screenshot

KoopaCooper

Erm, actually the calculation is correct (I spent a long time checking all the figures and the calculations and then realised my mistake...)

Last year (20x5):
Cash and cash equivalents: 10
Overdraft: 0

This year (20x6):
Cash and cash equivalents: 0
Overdraft: 15 (it's right there in the Current Liabilities section of the BS)

So this year's total cash and cash equivalents at the end of the year is -15! Which is exactly what the calculations in the Cashflow Statement come out to.

Hope you can get a good night's sleep now!