The Statements of financial position of Serendib Ltd are shown. You are given the following information:

(a) A plant acquired for £450,000 was sold in the year, making a gain of £14,000.

(b) During the year property, plant and equipment were depreciated by £129,000 and brand names amortised by £12,000.

(c) Extracts from the Statement of income for the year 2011 are shown.

(d) Tax on profits earned in 2010 was settled by a payment of £68,000.

(e) Some of the loan notes were redeemed in the year at a premium of 10%.

(f) Expenses on issuing shares in the year, amounting to £2,000, were offset from the Share premium balance.

(g) The dividend declared on 31 December 2010 was paid in February 2011, followed by an interim dividend of £15,000 paid in August 2011.

Required:

Prepare a Statement of cash flows for the year ended 31 December 2011 in the format stated in IAS 7.

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Operating profit Impairment of plant Dividend received Premium on loan note Interest paid Profit before tax Taxation Profit after tax £'000 369 (11) 5 (10) (12) 341 (120) 221