Covey19 Corporation
Cash Flow Statement
For the year ended December 31, 2019
Cash flows from operating activities (Direct)
Cash received from customers ₱ 725,175.00
Payments to suppliers (300,547.50)
Payments for other operating expenses (58,850.00)
Salaries paid (19,992.50)
Cash generated from operations ₱ 345,785.00
Interest paid (8,085.00)
Net cash generated from operating activities ₱ 337,700.00
Cash flows from investing activities
Sale of delivery equipment ₱ 6,875.00
Purchase of equipment (253,000.00)
Proceeds from sale of computer equipment 42,762.50
Net cash used in investing activities -₱ 203,362.50
Cash flows from financing activities
Proceeds from bank loan ₱ 82,500.00
Withdrawals of owner (229,350.00)
Contribution of owners 137,500.00
Net cash from financing activities -₱ 9,350.00
Net increase in cash and cash equivalents ₱ 124,987.50
Cash and cash equivalents at beginning of period 129,937.50
Cash and cash equivalents at end of period ₱ 254,925.00
Covey19 Corporation
Cash Flow Statement
For the year ended December 31, 2019
Cash flows from operating activities (Indirect)
Profit for the year ₱ 430,650.00
Adjustments for:
Depreciation of equipments ₱ 30,000.00
Gain on sale of assets (70,000.00)
Cash from operations before working capital ₱ 390,650.00
Increase in Accounts Receivable (41,035.00)
Decrease in Accounts Payables (20,000.00)
Cash generated from operations ₱ 329,615.00
Interest paid 8,085.00
Net cash from operating activities ₱ 337,700.00
Cash flows from investing activities
Sale of delivery equipment ₱ 6,875.00
Purchase of equipment (253,000.00)
Proceeds from sale of computer equipment 42,762.50
Net cash used in investing activities -₱ 203,362.50
Cash flows from financing activities
Proceeds from bank loan ₱ 82,500.00
Withdrawals of owner (229,350.00)
Contribution of owners 137,500.00
Net cash from financing activities -₱ 9,350.00
Net increase in cash and cash equivalents ₱ 124,987.50
Cash and cash equivalents at beginning of period 129,937.50
Cash and cash equivalents at end of period ₱ 254,925.00
