The following information has been taken from the financial records of Saptah plc for the financial year ended 31 October 2019:

Required:
Prepare a clear calculation of the net cash from operating activities for the year to 31 October 2019, using:

(a) The indirect method

(b) The direct method

Transcribed Image Text:

Trade payables: as at 1 November 2018 as at 31 October 2019 Trade receivables: as at 1 November 2018 as at 31 October 2019 Inventory: as at 1 November 2018 as at 31 October 2019 Cash and bank: as at 1 November 2018 as at 31 October 2019 Corporation tax payable: as at 1 November 2018 as at 31 October 2019 Over provision for tax for the year ended 31 October 2018 Purchases Wages and salaries Discounts allowed Depreciation for the year Deficit on sales of non-current assets Other expenses excluding interest and depreciation Interest paid Sales £000 1,099 1,040 4,700 3,290 790 620 206 88 1,140 860 420 14,290 6,520 147 750 72 4,490 380 32,900 55 6,136 5,696 Discounts received Net profit before tax Net profit after tax There were no expenses prepaid or accrued at the start or end of the financial year.