Cang Bao Tian Xia International Art Trade Center, Inc. Cashflow Statement

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Financial Statements

In millions of USD, except per-share amounts

	FY2021 12 months to Jun 30, 2021	FY2020 12 months to Jun 30, 2020	FY2019 12 months to Jun 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Forgiveness of related party loan
Forgiveness of related party notes payable
Depreciation of plant and equipment
Amortization of intangible assets
Accounts receivables
Other receivables
Related party receivable
Inventories
Prepayments
Accounts payable
Other payables and accrued liabilities
Customer deposits
Taxes payable
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of intangible assets
Purchase of equipment
Net cash (used in) provided by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties
Repayments on related party notes payable
Repayment on related party loan
Net cash provided by financing activities
NET (DECREASE) INCREASE IN CASH
Net increase in cash, and cash equivalents
Effect on changes in foreign exchange rate
EFFECT OF EXCHANGE RATE ON CASH
NET DECREASE IN CASH
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS, END OF PERIOD
Debt forgiveness recorded in additional paid in capital
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax

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