A hospital's statement of financial position had a total net book value of property, plant and...

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A hospital's statement of financial position had a total net book value of property, plant and equipment (PPE) of £8,350,000 at the beginning of the financial year and £9,924,000 at the end of the financial year. During the year, the following transactions occurred: 1. A new radiography unit was built during the year. The construction cost of the unit is included in the closing PPE balance above, but adjustment is still required for the following: Repairs and maintenance cost of £8,000 has been accidentally included within the closing PPE balance. 2. The depreciation charge for the year was £845,000. 3. A surplus ambulance was sold at a loss of £2,000 during the year. The ambulance had originally cost the hospital £20,000 and had been depreciated for 2 years at 20% reducing balance per year. The proceeds of disposal were received shortly after the year-end. There were no capital receivables at the start of the year. 4. Capital payables at the beginning and end of the year were £56,000 and £89,000 respectively. Prepare the cash flows from investing activities for the hospital's cash flow statement to the nearest £'000. A hospital's statement of financial position had a total net book value of property, plant and equipment (PPE) of £8,350,000 at the beginning of the financial year and £9,924,000 at the end of the financial year. During the year, the following transactions occurred: 1. A new radiography unit was built during the year. The construction cost of the unit is included in the closing PPE balance above, but adjustment is still required for the following: Repairs and maintenance cost of £8,000 has been accidentally included within the closing PPE balance. 2. The depreciation charge for the year was £845,000. 3. A surplus ambulance was sold at a loss of £2,000 during the year. The ambulance had originally cost the hospital £20,000 and had been depreciated for 2 years at 20% reducing balance per year. The proceeds of disposal were received shortly after the year-end. There were no capital receivables at the start of the year. 4. Capital payables at the beginning and end of the year were £56,000 and £89,000 respectively. Prepare the cash flows from investing activities for the hospital's cash flow statement to the nearest £'000.

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To calculate the cash flows from investing activities for the hospitals cash flow statement we need ... View the full answer