ASSETS

211 Buildings
218 Motor vehicles
281 Accumulated depreciation of property, plant and equipment
300 Merchandise
430 Trade receivables
543 Current loans for disposal of fixed assets
558 Receivable on called-up capital
572 Banks and financial institutions, demand current accounts, euros
TOTAL ASSETS

INCOME STATEMENT
700 Merchandise sold
600 Merchandise purchased
610 Changes in inventories of merchandise
640 Salaries and wages
662 Interest on payables
681 Depreciation of property, plant and equipment
771 Gains on property, plant and equipment
Results before tax
630 Income tax
Results of the year
 2020 2019 EQUITY AND LIABILITIES
60,000 60,000 100 Shared capital
- 40,000 129 Profit/loss for the period
-13,000 -35,000 400 Suppliers
18,000 10,000 465 Salaries payable
48,250 41,000 475 Taxation authorities, taxes payable
5,000 - 520 Current debt with financial institutions
5,000 -
109,750 34,000
233,000 150,000 TOTAL EQUITY AND LIABILITIES

12/31/2020
135,250
-75,000
8,000
-31,000
-250
-8,000
15,000
44,000
-7,000
37,000
2020 2019
177,000 127,000
37,000
8,000 23,000
2,000
5,000
4,000

233,000 150,000
Additional information:

1) Sales of property, plant and equipment

a) During the year, all the motor vehicles are sold.
b) They were amortised at 75%.
c) The selling price of the motor vehicles was € 25.000
d) The enterprise collects in cash € 20.000 (of € 25.000)
e) The rest is pending collection

2) Received loans:
a) During the year the enterprise received a loan of € 5.000
b) The company paid a fee of € 1.250

c) From this amount, € 1.000 correspond to principal and the rest corresponds to interests.

3) Increment of social capital:

a) During the year, the enterprise performed an increment of capital of € 50.000
b) Of this amount, 10% was pending collection and required to the shareholders
A) CASH FLOWS FROM OPERATING ACTIVITIES 13,500.00 € Corregido
1. Profit/(loss) for the period before tax 44,000.00 €
2. Adjustments for results - 6,750.00 €
a) Amortisation and depreciation (+) 8,000.00 €
b) Valuation allowances for impairment losses (+/-)
c) Change in provisions (+/-)
d) Grants recognised in the income statement (-)
e) Proceeds from disposals of fixed assets (+/-) - 15,000.00 €
f) Proceeds from disposals of financial instruments (+/-)
g) Finance income (-)
h) Finance expenses (+) 250.00 € -
i) Exchange gains/losses (+/-)
j) Change in fair value of financial instruments (+/-)
k) Other income and expenses (-/+)
3. Changes in operating assets and liabilities - 28,250.00 €
a) Inventories (+/-) - 8,000.00 € -
b) Trade and other receivables (+/-) - 7,250.00 € -
c) Other current assets (+/-)
d) Trade and other payables (+/-) - 13,000.00 € -
e) Other current liabilities (+/-)
f) Other non-current assets and liabilities (+/-)
4. Other cash flows from operating activities - 2,250.00 €
a) Interest paid (-) - 250.00 €
b) Dividends received (+)
c) Interest received (+)
d) Income tax received (paid) (+/-) - 2,000.00 € - 2,000.00 €
5. Cash flows from/used in operating activities (+/-1+/-2+/-3+/-4) 6,750.00 €
B) CASH FLOWS FROM INVESTING ACTIVITIES 40,000.00 €
6. Payments for investments (-) - €
a) Group companies and associates
b) Intangible assets
c) Property, plant and equipment
d) Investment property
e) Other financial assets
f) Non-current assets held for sale
g) Other assets
7. Proceeds from sale of investments (+) 20,000.00 €
a) Group companies and associates
b) Intangible assets
c) Property, plant and equipment 20,000.00 € 20,000.00 €
d) Investment property
e) Other financial assets
f) Non-current assets held for sale
g) Other assets
8. Cash flows from/used in investing activities (7-6) 20,000.00 €
C) CASH FLOWS FROM FINANCING ACTIVITIES 98,000.00 €
9. Proceeds from and payments for equity instruments 45,000.00 €
a) Issue of equity instruments (+) 45,000.00 €
b) Redemption of equity instruments (-)
c) Acquisition of own equity instruments (-)
d) Disposal of own equity instruments (+)
e) Grants, donations and bequests received (+)
10. Proceeds from and payments for financial liability instruments 4,000.00 €
a) Issue 5,000.00 €
1. Bonds and other marketable securities (+)
2. Debt with financial institutions (+) 5,000.00 €
3. Group companies and associates (+)
4. Other payables (+)
b) Redemption and repayment of - 1,000.00 €
1. Bonds and other marketable securities (-)
2. Debt with financial institutions (-) - 1,000.00 €
3. Group companies and associates (-)
4. Other payables (-)
11. Dividends and interest on other equity instruments paid
a) Dividends (-)
b) Interest on other equity instruments (-)
12. Cash flows from/used in financing activities (+/-9+/-10-11) 49,000.00 €

D) Effect of exchange rate fluctuations

E) NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (+/-5+/-8+/-12+/- D) 75,750.00 €

Cash and cash equivalents at beginning of period 34,000.00 €
Cash and cash equivalents at end of period 109,750.00 €

Difference 75,750.00 €
A) CASH FLOWS FROM OPERATING ACTIVITIES
1. Profit/(loss) for the period before tax
2. Adjustments for results
a) Amortisation and depreciation (+)
b) Valuation allowances for impairment losses (+/-)
c) Change in provisions (+/-)
d) Grants recognised in the income statement (-)
e) Proceeds from disposals of fixed assets (+/-)
f) Proceeds from disposals of financial instruments (+/-)
g) Finance income (-)
h) Finance expenses (+)
i) Exchange gains/losses (+/-)
j) Change in fair value of financial instruments (+/-)
k) Other income and expenses (-/+)
3. Changes in operating assets and liabilities
a) Inventories (+/-)
b) Trade and other receivables (+/-)
c) Other current assets (+/-)
d) Trade and other payables (+/-)
e) Other current liabilities (+/-)
f) Other non-current assets and liabilities (+/-)
4. Other cash flows from operating activities
a) Interest paid (-)
b) Dividends received (+)
c) Interest received (+)
d) Income tax received (paid) (+/-)
e) Other amounts paid (received) (-/+)
5. Cash flows from/used in operating activities (+/-1+/-2+/-3+/-4)

B) CASH FLOWS FROM INVESTING ACTIVITIES

6. Payments for investments (-)
a) Group companies and associates
b) Intangible assets
c) Property, plant and equipment
d) Investment property
e) Other financial assets
f) Non-current assets held for sale
g) Other assets
7. Proceeds from sale of investments (+)
a) Group companies and associates
b) Intangible assets
c) Property, plant and equipment
d) Investment property
e) Other financial assets
f) Non-current assets held for sale
g) Other assets
8. Cash flows from/used in investing activities (7-6)

C) CASH FLOWS FROM FINANCING ACTIVITIES

9. Proceeds from and payments for equity instruments
a) Issue of equity instruments (+)
b) Redemption of equity instruments (-)
c) Acquisition of own equity instruments (-)
d) Disposal of own equity instruments (+)
e) Grants, donations and bequests received (+)
10. Proceeds from and payments for financial liability instruments
a) Issue
1. Bonds and other marketable securities (+)
2. Debt with financial institutions (+)
3. Group companies and associates (+)
4. Other payables (+)
b) Redemption and repayment of
1. Bonds and other marketable securities (-)
2. Debt with financial institutions (-)
3. Group companies and associates (-)
4. Other payables (-)
11. Dividends and interest on other equity instruments paid
a) Dividends (-)
b) Interest on other equity instruments (-)
12. Cash flows from/used in financing activities (+/-9+/-10-11)
D) Effect of exchange rate fluctuations
E) NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (+/-5+/-8+/-12+/- D)
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
NOTES 201X 201X-1