Tutorial 7- Cash flow statement 2 Question 1 The statements of financial position of Radar pic at 30 September were as follows: 20x8 $'000 $ooo 20x9 $'000 $'000 Non-current assets: Property, plant and equipment, at cost Less accumulated depreciation 760 (288) 920 (318) 472 186 602 214 596 332 5 397 392 0 789 933 1,591 1,605 Investments Current assets: Inventory Trade receivables Bank Total assets Capital and reserves: Ordinary shares Share premium Retained earnings Non-current Nabilities: 12% debentures Current liabilities: Trade payables Accrued expenses Taxation Overdraft 350 75 137 500 125 294 562 919 400 100 478 64 87 0 396 72 96 22 .. 629 1,591 586 1,605 Total equity and liabilities The following information is available: (1) An impairment review of the investments disclosed that there had been an impairment of $20,000 (1) The depreciation charge made in the statement of comprehensive income was $64,000. (H) Equipment costing $72,000 was sold for $54,000 which gave a profit of $16,000. (iv) The debentures redeemed in the year were redeemed at a premium of 25%. I The premium paid on the debentures was written off to the share premium account. (vi) The income tax expense was $92,000. (vii) A dividend of $25,000 had been paid and dividends of $17,000 had been received. Required: Prepare a statement of cash flows for the year ended 30 September using the indirect method