Cash Flows from Operating Activities

Operating Activities is one of the three classification of cash flows in which in general the cash effects of transactions and other events relating to operating or trading activities.

Net cash flow from operating activities shows the net increase or decrease in cash resulting from the operations shown in the income statement in arriving at operating profit.

Under operating activities, there are two methods of reporting net cash flow as follows:

1. Direct Method – shows operating cash receipts and payments (including, in particular, cash receipts from customers, cash payments to suppliers and cash payments to and behalf of employees), aggregating to the net cash flow from operating activities.

2. Indirect Method – starts with profit before tax and adjusts it for non-cash charges and credits to reconcile it to the net cash flow from operating activities.


Cash Flows in a Business Entity

Cash Flows of business transactions of a business entity is presented in a Cash Flows Statement which aims to present information about the historical changes in cash and cash equivalents of an entity during the period classified by operating, investing and financing activities.

According to the author of the book that I have read recently, the information stated above is particularly useful to investors, creditors and other uses of financial statements to assist with the following: (1) evaluating an entity’s ability to generate cash and cash equivalents, and the timing and certainty of their generation; (2) evaluating an entity’s financial structure and its ability to meet its obligations and to pay dividends; (3) understanding the reasons for the difference between profit or loss for a period and the net cash flow from operating activities; (4) comparing the performance of different entities, because net operating cash flows reported in cash flow statements are unaffected by different accounting choices and judgments under accrual accounting use in determining the profit or loss of an entity; and (5) enabling its users to develop models to assess and compare the present value of the future cash flows of different entities.


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Experience the 4th Bulihan Festival from April 23-26 at Sampaloc, Quezon

Have you experience yet the Bulihan Festival in Sampaloc, Quezon? With this, join the  residents of Sampaloc town in Quezon Province as they will lay the groundwork for the 4th Bulihan Festival scheduled from April 23 to 26, 2014

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Thanks to Mayor Emmanuel S. Torres, who vigorously campaigned to highlight the Bulihan Festival. “This is something I want to highlight in our municipality: the importance of the Bulihan Festival. Through this festival, we give jobs to our residents, and we are able to promote tourism. There’s so much fun and excitement here. I hope they will visit us soon. Discover Sampaloc now!” Torres declared.

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Besides, there is a full list of exciting activities at Sampaloc beginning on April 23 with the display of native delicacies in a program dubbed “Lutuing Sampalukin.” 14 barangays from Sampaloc are taking part in the food show. On April 24, the Payas Contest will be held, wherein houses along the parade route are encouraged to decorate the exteriors of their homes with colorful buri and other indigenous materials. The theme for this year’s festivity is “Blooming Sampaloc,.’ Forty-six houses are vying for cash prizes. On April 25, the Paradang Bayan 2014 will take place, followed by the awarding of the Search for Natatanging Anak ng Sampaloc. On April 26 comes the Lunesan ng Fiesta sa Ilog to be held on the Maapon River in Kakati, where residents will join in a boat race and hold picnics by the river.

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Mayor Torres encouraged constituents to invite their friends from all over the country to join in the festival’s events. In promoting the fiesta, the local government has launched a homestay program where the residenst of Sampaloc “adopt” visitors for the duration of the event.

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Want to experience Sampaloc, Quezon? Tour packages are available. For details, call Tina Poblete of the Sampaloc Municipal Planning and Development Office at (042) 555-83-42 and (042) 716-0011, or e-mail sampalocquezon@yahoo.com, xtiantina@gmail.com.ph, and nabracia@yahoo.com.


Allphones Ceremonial 50th Store Opening, Robinsons Galleria, GF Digiworld
(L-R) Geoff A. Hester, Allphones , Phils. Chief Executive Advisor; Shaun Colligan Managing Director AMT Group/ Allphones Retail, Australia; Blue C. Avelino Allphones, Phils. COO & General Manager, Thomas E. Skidmore, Chairman, President and Chief Executive Officer, GLENTEL Inc, Burnaby, BC; Julio “Jun” D. Sy, Jr; TAO Corporation President; Peter Bithos, Globe Telecom, Chief Operating Advisor

Allphones inaugurates 50th store at Robinsons Galleria; gears up for Allphones Summer Fun Caravan

Allphones Philippines now welcomes customers at its recently inaugurated store in Robinsons Galleria—the 50th store for the company in less than a year. The inauguration of the store represents a milestone for the company as well as for the country’s mobile phone retail sector.

Allphones Ceremonial 50th Store Opening, Robinsons Galleria, GF Digiworld (L-R) Geoff A. Hester, Allphones , Phils. Chief Executive Advisor; Shaun Colligan Managing Director AMT Group/ Allphones Retail, Australia; Blue C. Avelino Allphones, Phils. COO & General Manager, Thomas E. Skidmore, Chairman, President and Chief Executive Officer, GLENTEL Inc, Burnaby, BC; Julio “Jun” D. Sy, Jr; TAO Corporation President; Peter Bithos, Globe Telecom, Chief Operating Advisor

Allphones Ceremonial 50th Store Opening, Robinsons Galleria, GF Digiworld
(L-R) Geoff A. Hester, Allphones , Phils. Chief Executive Advisor; Shaun Colligan Managing Director AMT Group/ Allphones Retail, Australia; Blue C. Avelino Allphones, Phils. COO & General Manager, Thomas E. Skidmore, Chairman, President and Chief Executive Officer, GLENTEL Inc, Burnaby, BC; Julio “Jun” D. Sy, Jr; TAO Corporation President; Peter Bithos, Globe Telecom, Chief Operating Advisor

“Allphones was really a dark horse when we came in the first quarter of 2013. We were the newest mobile phone retail store brand in the country and so many other stores inside the biggest malls were already well-established. Still, we were counting on the consumers themselves to realize that we were offering something different, something new in terms of customer retail experience,” said Allan Catli, Head of Brand Marketing of Allphones Philippines.

What Allphones offers in all its 50 stores is a leveled-up mobile phone retail experience that is ultra-convenient, affordable, futuristic, and high-tech. Best of all, Allphones customers enjoy high value-for-money, affordable, and features-packed deals courtesy of the partnership between Allphones and Globe Telecom.

Blue Avelino Allphones GM & COO, Thomas E. Skidmore, Chairman, President and Chief Executive Officer, GLENTEL Inc, Burnaby, BC, Bianca Saldua, Ms.World Second Princess 2013, JP Cruz, Allphones Galleria Sales Consultant

Blue Avelino Allphones GM & COO, Thomas E. Skidmore, Chairman, President and Chief Executive Officer, GLENTEL Inc, Burnaby, BC, Bianca Saldua, Ms.World Second Princess 2013, JP Cruz, Allphones Galleria Sales Consultant

Allphones’ exclusive postpaid deals make owning a postpaid account more convenient and affordable. The advantages customers get from such deals include unlimited texting, unlimited voice calls to Globe mobile and landline numbers, and unlimited Internet surfing. The packaged features and services are also tailor-fit to a customer’s needs and lifestyle, thanks to Globe’s customizable plans.

Customers have also remarked on Allphones stores’ sleek, clean, efficiently designed interiors that make choosing a mobile phone easier. They can also do hands-on sampling of various live mobile phone units being offered, providing a better feel for which mobile phone suits their needs.

Customers are also impressed by the high-tech and futuristic experience of processing postpaid applications at an Allphones store. Allphones is the first mobile phone retailer in the Philippines to offer digital, paperless transactions. A postpaid applicant no longer bothers with forms and photo-copies of documentary requirements; instead, he or she processes the application on an iPad. A military grade security system ensures the safety and privacy of the customer data.

According to Catli, this leveled–up customer retail experience offered by Allphones will be brought to the hottest summer destinations in the country starting April, when the Allphones Summer Fun for All Caravan kicks off in Cebu. The caravan will hold events in Cebu; Davao; Puerto Princesa ; Cagayan de Oro ; Lucena; and Subic.

“We use our mobile phones to communicate to each other while traveling to a summer destination; we also use them to share images, words, thoughts, and feelings through social media. Sharing these happy moments, feelings, and images to family and friends while on vacation has become essential to our summer holiday. Through the Allphones Summer Fun for All Caravan, we will help vacationers get easier access to mobile phone services that will make summer even more enjoyable for them,” explained by Catli.

Allphones Philippines was created through a partnership between Allphones Australia, TAO Corporation and Globe Telecom.

(L-R) Rene Marasigan, Advent.Com President; Allan Catli Allphones, Head of Brand Marketing. Allphones Mr. Doodle; Pia B Guest Host; Chris Guarin, Allphones Head of Trade Marketing

(L-R) Rene Marasigan, Advent.Com President; Allan Catli Allphones, Head of Brand Marketing. Allphones Mr. Doodle; Pia B Guest Host; Chris Guarin, Allphones Head of Trade Marketing

Allphones Australia began as a single store in Mile End, South Australia in 1989. It eventually expanded to 200 stores nationally and has become the largest independent telecommunications retailer in Australia.

For more information about Allphones Summer Fun for All Caravan and other exclusive, amazingly high value-for-money deals it offers, go to www.allphones.com.ph


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Uratex: championing the Philippine furniture industry

Uratex, the Philippines’ largest manufacturer of commercial and automotive polyurethane foam products, highlighted its different quality foams during the Philippine International Furniture Show (PIFS), held recently at the SMX Convention Center in Pasay City.

At the annual PIFS trade show, one of the country’s most important events for the home furniture and furnishings sector, Uratex showcased its products in an exhibit that also tapped the export market, as part of its efforts to make the Philippine furniture industry succeed.

“We want to champion the Philippine furniture manufacturers. Uratex is a component of the furniture industry and it is important to serve the requirements of the customers,” says Dindo Medina, Corporate Sales Director, Uratex Foam.

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The PIFS is a celebrated gathering in the furniture industry in the country where established and internationally recognized local designers and manufacturers team up with exciting new talent coming through the ranks, and to show what the Filipino design community is capable of.

Medina said that Uratex is now among the few remaining weaving facilities to continue the supply and make the industry alive after some of the associated industries have already shut down. “If we can contribute much to the welfare of the country, then we will do. As 2015 comes, trade barriers will be relaxed, meaning the influx of goods will be easier for the Philippine industry.”

With the PIFS as the shop window for the industry, Uratex promoted Nuovoluxe Foam, a new product that uses Bayer Material Science’s Ultracel, a revolutionary polyurethane foam technology that delivers high-performance qualities—exceptional support, superior comfort, long-lasting resiliency, enduring beauty and outstanding durability.

Camille Pagliawan, Uratex Industrial and Institutional Marketing Assistant, said that quality tests for the foam is very important to prove the high resiliency of the product. That’s why Uratex has registered and successfully passed industry tests submitted by the British Standard Foam and the California Standard Foam, two of the world’s prestigious standard testing institutions for foam.

The RGC Foam Group is the largest manufacturer of commercial and automotive polyurethane foam products in the country. Through world-class manufacturing practices and a strong culture of excellence, the RGC Foam Group has become the most dominant player in the local foam industry and one of the leading foam-makers in Southeast Asia.

For more about Uratex quality mattresses, visit www.uratex.com.ph.


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