The last two years' statements of financial position of STB Ltd at 31 March are as follows.

Additional information:

• The operating profit for the year ended 31 March 2015 was $30 000 (2014: $85 000).

• Non-current assets with a cost of $24 000 and accumulated depreciation of $19 000 were sold during the year for $8000.

• The depreciation charge for the year was $12 000 (2014: $16 000).

• Interest paid for the year was $9000 (2014: $6000).

• Equity dividends paid during the year were $25 000.

Required 

Prepare a statement of cash lows for STB Ltd for the year ended 31 March 2015.

Transcribed Image Text:

Statement of financial position at 31 March 2015 2015 2014 $000 $000 $000 s000 Non-current assets 259 224 Current assets Inventory 128 102 Trade receivables 132 118 Cash and cash 260 14 234 equivalents Total assets 519 458 Equity Ordinary share capital 210 180 Share premium 15 Retained eamings 107 332 131 311 Non-current liabilities Bank ban (repayable 2019) 20 Current liabilities Trade payables 102 109 Cash and cash 23 equivalents Taxation 20 145 18 127 Total equity and liabilities 519 458