Draw up a cash flow statement for Gerry Peace for the year ended 31 December 20X3 using 

(a) The FRS 1 layout and 

(b) The IAS 7 layout. You are told that fixtures bought in 20X3 cost £400, whilst a van was bought for £5,500.

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Fixed assets Buildings Fixtures less Depreciation Van less Depreciation Current Assets Stocks Trade debtors Bank Cash Current Liabilities Creditors Bank overdraft Gerry Peace Balance Sheets as at 31 December 20X2 Loan (repayable in 10 years' time) Represented by £ 6,300 f 5,600 6,400 900 220 13,120 6,300) £ 50,000 1,800 3,920 55,720 6,820 62,540 (10,000) 52,540 £ 3,006 94 20X3 £ 12,400 8,200 200 20,800 (3,100) f 50,000 2,000 7,400 59,400 17,700 77,100 (15,000) 62,100