Tugas Individu kelas Finance Management CCE58

Nama: Dennis Suryana

NIM: 29117396
Balance Sheet Net Income
Assets 2017 2016
Cash 30 15 Sales
Accounts receivable 90 45 Cost of Goods Sold
Inventory 120 90 Gross Profit
Current assets 240 150 Selling & Administration Exp
Gross PPE 1200 900 EBITDA
Accumulated depreciation 570 420 Depreciation
Total Assets 870 630 EBIT
Liabilities 2017 2016 Interest Expense
Accounts Payable 60 60 Pre-Tax Earning
Short-term debt 60 30 Taxes (30%)
Current liabilities 120 90 Net Income
Long term debt 342 300
Common stock 150 150
Retained earnings 258 90
Total liabilities and equity 870 630

Calculate the change in working capital 75

Capital Expenditure 300
net borrowings 72

FCFF -25.5
 Note: belum beres, pemasukan data masih belum tepat, formula sudah sesuai slide
Income Cash Flow Statement (Year Ended Dec 31st, 2017)
2017 2016 Cash from operating activities
900 750 Net income 168
360 300
540 450 Adjustments:
105 90 Depreciation/Amortization -150
435 360 Gain/Loss Sale of an Asset 0
150 120 Stock-based compensation 0
285 240 Changes in non-cash working capital balances
45 30 Accounts receivable -45
240 210 Inventory -30
72 63 Prepaid expenses
168 147 Accounts payable 0
Future taxes -72
Other accrued liabilities (such as salaries payable)
Net cash from (used in) operating activities -129
Cash from investing activities
Purchase/sale of PP&E -300
Business acquisitions/divestures
Disposal of assets held for sale
Net change in other assets
Net cash from (used in) investing activities -300
Cash from financing activities
Line of credit (LOC) borrowing
Proceeds/payment of long term debt -42
Shares issued/repurchased
Dividends
Net cash from (used in ) finaning activities -42

Net change in cash and cash equivalents for the year -471
Cash and cash equivalents, beginning of the year 15
Cash and cash equivalents, end of the year -456
mula sudah sesuai slide
nded Dec 31st, 2017) Free Cash Flow Formula
1. FCFF EBIT
EBIT 285
(1 - Tax Rate) 70%
Additional info / note Non Cash Charges
Add Changes in Working Capital 75
Add: Loss Subtract: Gain Capital Expenditure 300
Add -25.5
2. FCFF Net income
Add: Decrease Subtract: Increase Net Income 168
Add: Decrease Subtract: Increase Depreciation & Amortization
Add: Decrease Subtract: Increase Interest 45
Add: Increase Subtract: decrease (1 - Tax Rate) 70%
Add: Increase Subtract: decrease Changes in Working Capital 75
Add: Increase Subtract: decrease Capital Expenditure 300
-25.5

Add: Sale Subtract: purchase 3. FFF EBITDA

Add: DivestureSubtract: Acquisition EBITDA 435
Add (1 - Tax Rate) 0.7
Add: Decrease Subtract: Increase Depreciation & Amortization 150
(1 - Tax Rate) revisi dr slide 70%
Changes in Working Capital 75
Add: Increase Subtract: decrease Capital Expenditure 300
Add: Increase Subtract: decrease -25.5
Add: New issue Subtract: Repurchase
Subtract

Note: cce end of the year harus 30

 *special thanks to Ricky A. Fandi for finding the solution to reach -25.5
Note: mengapa depresiasi dan amortasi tidak disertakan untuk mencapai angka -25.5 ?

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note: ternyata formula yang di slide di revisi tax rate menjadi 1-tax rate,

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ngka -25.5 ?
 Balance Sheet Net Income
Assets 2017 2016 2017
Cash Sales
Accounts receivable Cost of Goods Sold
Inventory Gross Profit 0
Current assets 0 0 Selling & Administration Expenses
Gross PPE EBITDA 0
Accumulated depreciation Depreciation
Total Assets 0 0 EBIT 0
Liabilities 2017 2016 Interest Expense
Accounts Payable Pre-Tax Earning 0
Short-term debt Taxes (%) 0
Current liabilities 0 0 Net Income 0
Long term debt
Common stock
Retained earnings
Total liabilities and equity 0 0

Calculate the change in working capital

Capital Expenditure
net borrowings

FCFF
me Cash Flow Statement (Year Ended Dec 31st, 20..)
2016 Cash from operating activities
Net income

0 Adjustments: Additional info / no

Depreciation/Amortization 0 Add
0 Gain/Loss Sale of an Asset 0 Add: Loss
Stock-based compensation 0 Add
0 Changes in non-cash working capital balances
Accounts receivable 0 Add: Decrease
0 Inventory 0 Add: Decrease
0 Prepaid expenses Add: Decrease
0 Accounts payable 0 Add: Increase
Future taxes 0 Add: Increase
Other accrued liabilities (such as salaries payable) Add: Increase
Net cash from (used in) operating activities 0
Cash from investing activities
Purchase/sale of PP&E 0 Add: Sale
Business acquisitions/divestures Add: Divesture
Disposal of assets held for sale Add
Net change in other assets Add: Decrease
Net cash from (used in) investing activities 0
Cash from financing activities
Line of credit (LOC) borrowing Add: Increase
Proceeds/payment of long term debt 0 Add: Increase
Shares issued/repurchased Add: New issue
Dividends Subtract
Net cash from (used in ) finaning activities 0

Net change in cash and cash equivalents for the year 0

Cash and cash equivalents, beginning of the year 0
Cash and cash equivalents, end of the year 0
20..) Free Cash Flow Formula
1. FCFF EBIT
EBIT 0
(1 - Tax Rate) Multiply
Additional info / note Non Cash Charges 0 Add
Add Changes in Working Capital 0 Add
Subtract: Gain Capital Expenditure 0 Subtract
Add 0
2. FCFF Net income
Subtract: Increase Net Income 0
Subtract: Increase Depreciation & Amortization 0 Add
Subtract: Increase Interest 0 Add
Subtract: decrease (1 - Tax Rate) Multiply
Subtract: decrease Changes in Working Capital 0 Add
Subtract: decrease Capital Expenditure 0 Subtract
0

Subtract: purchase 3. FFF EBITDA

Subtract: Acquisition EBITDA 0
Add (1 - Tax Rate) Multiply
Subtract: Increase Depreciation & Amortization 0 Add
Tax Rate Multiply
Changes in Working Capital 0 Add
Subtract: decrease Capital Expenditure 0 Subtract
Subtract: decrease 0
Subtract: Repurchase
Subtract