DIRECT CASH FLOW STATEMENT FOR THE PERIOD ENDING 1991

Cash flow from operating activities

Cash collected from customers for sales $ 25,446,000.00 25143+59+244
Wages Paid to the labour $ (8,911,000.00) 9063-152
Land rent paid in cash $ (1,428,000.00) 1447-19
Cash paid for Other Operating and Misc Expenses $ (9,272,000.00) 9702-245-6-179
Tax paid in cash $ -
Net cash generated from operating activities $ 5,835,000.00
Cash flow from investing activities
Plant and equipment Purchased $ (5,146,000.00)
Sale of land $ 110,000.00
Toiyable Resort Interest capatlized $ (416,000.00)
Loan $ (85,000.00)
Capital Expediture for real estate held for sale $ (16,000.00)
Note Receivable $ 485,000.00
Misc other assest sold $ 23,000.00
interest on investment $ 279,000.00
Rent $ 274,000.00
Misc expenses $ (132,000.00)
misc income $ 26,000.00
Other deferred credit $ 216,000.00
Net cash generated from investing activities $ (4,382,000.00)
Cash flow from financing activities
Interest paid $ (1,073,000.00)
Dividend $ (112,000.00)
Loan $ 1,200,000.00
Loan paid $ (1,200,000.00)
Long term Debt $ 3,344,000.00
Repayment of long term debt $ (2,820,000.00)
New common stock issued $ 33,000.00
Net cash generated from financing activities $ (628,000.00)
Net increase in cash and cash Equivalents $ 825,000.00
Cash and cash equivalents at the beginning of period $ 3,272,000.00
Cash and cash equivalents at the end of period $ 4,097,000.00
Total Operating Revenues 25143000
Decrease In Account Receivables 59000
Increase Deferred revenue 244000
Cash Sales 25446000

Wages And Salaries 9063000

Accured Compensation -152000
Salaries and wages paid 8911000 9272

Land rentals 1447000

Accured land rent -19000
Land rent paid 1428000

33
 INDIRECT CASH FLOW STATEMENT FOR THE PERIOD ENDING 1991
Cash flow from operating expenses
Net profit before taxation; and extraordinary item $ 1,997,000.00
Adjustments for:
Other non operating expense $ 1,205,000.00
Other non operating income $ (908,000.00)
EBIT(Operating profit) $ 2,294,000.00
Depreciation $ 2,637,000.00
EBITDA $ 4,931,000.00
(+)Changes in Accounts recievable $ 59,000.00
(+)Prepaid expences and other current assests $ 6,000.00
(+)Change in Accounts payable $ 245,000.00
(+)Accured land rent $ 19,000.00
(+)Accured compensation $ 152,000.00
(+)Deferred Revenue $ 244,000.00
(+)Other accured liabilties $ 179,000.00 $ 904,000.00
Net Cash generated from operations $ 5,835,000.00
Income Tax paid $ -
Net cash generated from operating activites $ 5,835,000.00
Cash flow from investing activities
Cash from sale proceeds of real estate $ 110,000.00
Capital Expediture for real estate held for sale $ (16,000.00)
Cash collected as Note receivable $ 485,000.00
Cash for given to TR as Notes $ (85,000.00)
Cash paid for purchase of PPE $ (5,146,000.00)
Toiyable Resort Interest capatlized $ (416,000.00)
Cash from sale proceeds of other assets $ 23,000.00
Cash received for interest on Investments $ 279,000.00
Cash received for commercial property rental $ 274,000.00
Cash paid as miscellaneous expense $ (132,000.00)
Cash received from miscellaneous income $ 26,000.00
Cash from deferred credits $ 216,000.00
Net cash generated from investing activities $ (4,382,000.00)
Cash flow from financing activities
Interest paid $ (1,073,000.00)
Dividend $ (112,000.00)
Cash from short term loan $ 1,200,000.00
Short term loan repaid $ (1,200,000.00)
Long term Debt $ 3,344,000.00
Repayment of long term debt $ (2,820,000.00)
Proceeds collected on New common stock issued $ 33,000.00
Net cash generated from financing activities $ (628,000.00)
Net increase in cash and cash Equivalents $ 825,000.00
Cash and cash equivalents at the beginning of period $ 3,272,000.00
Cash and cash equivalents at the end of period $ 4,097,000.00
Opening of Pand E 15317
Plant and equipment purchased 5146
Depreciation -2637
Closing of P and E 17826

Opening note receivables 927

Note receivables paid back -485
Loan to toiyable resort 85
Inventory of real estate sold 440
Closing 967

Taxes:
Opening 0
Closing -100
Deferred tax -479
Tax expensed 579
0

2820
 Indirect cash flows statement
Amount
Cash flow from operating activities Real estate
Operating profit 2294 Opening 977
Add: depreciation 2637 (-) Sale -221
EBITDA 4931 (+) Purchases 16
Add: closing 772
Change in Accounts receivable 59
Change in Prepaid expenses and other current assets 6
Change in accounts payable 245 Plant & equipment
Change in accrued land rent 19 Opening 15317
Change in accrued compensation 152 (-) Depreciation -2637
Change in deferred revenue 244 Closing 17826
Change in other accrued liabilities 179 Purchases 5146
Net cash generated from operations 5835
Less: income tax paid 0
Add/Less: extraordinary and exceptional expenses/incomes 0 Long-term debts
Net cash generated from operating activities 5835 Closing (short-term) 2123
Opening (short-term) 2294
Cash flow from investing activities Opening 10003
Cash collected as notes receivable 400 Closing 10698
Cash from sale of Real estate held for sale 110 Difference 524
Capital expenditure on real estate held for sale -16 Borrowed 3344
Purchase of Property plant & equipment -5146 Paid 2820
Interest capitalised -416
Miscellaneous income 26
Miscellaneous expenses -132
Miscellaneous assets 23
Other deferred credits 216
Commercial property rent 274
Interest income 279
Net cash used in investing activities -4382

Cash flow from financing activities

Interest expenses -1073
Long term debt borrowed 3344
Long term debt repaid -2820
Common stock issued 33
Dividend -112
Short-term debt borrowed 1200
Short-term debt repaid -1200
Net cash used in financing activities -628
Net increase in cash and cash Equivalents 825
Cash and cash equivalents at the beginning of period 3272
Cash and cash equivalents at the end of period 4097
 Direct cash flows statement

Notes receivable Cash flow from operating activities

opening 927 Cash received from customers
Add: issued 440 Salaries and wages
closing 967 Land rent
Payment received 400 Other operating expenses
Net cash generated from operating activities

Investment Cash flow from investing activities

Opening 4883 Cash collected as notes receivable
(+)Interest capitalised 416 Cash from sale of Real estate held for sale
Closing 5299 Capital expenditure on real estate held for sale
Purchase of Property plant & equipment
Interest capitalised
Miscellaneous income
Other Assets Miscellaneous expenses
Opening 288 Miscellaneous assets
Closing 265 Other deferred credits
Sale 23 Commercial property rent
Interest income
Income Tax Paid Net cash used in investing activities
Income taxprovision 579
(-) Income taxes payable -100 Cash flow from financing activities
(-) Deferred income taxe -479 Interest expenses
Paid 0 Long term debt borrowed
Long term debt repaid
Common stock issued
Dividend
Short-term debt borrowed
Short-term debt repaid
Net cash used in financing activities
Net increase in cash and cash Equivalents
Cash and cash equivalents at the beginning of period
Cash and cash equivalents at the end of period
nt
Amount

25446
-8911
-1428
-9272
5835

400
110
-16
-5146
-416
26
-132
23
216
274
279
-4382

-1073
3344
-2820
33
-112
1200
-1200
-628
825
3272
4097