Tutorial Question plc is a publicly listed manufacturing entity. Its draft summarised financial statements for the year ended 30 September 2020 (and 2019 comparatives) are: Statements of profit or loss and other comprehensive income for the year ended 30 September: 2020 2019 Rs'000 Rs'000 Revenue 47,000 45,000 Cost of sales (32,500) (30,000) Gross profit 14,500 15,000 Distribution costs (2,550) (2,300) Administrative expenses (7,900) (4,650) Investment Income 900 - Finance costs (500) (600) Profit before taxation 4,450 7,450 Income tax (600) (1,800) Profit for the year 3,850 5,650 Other comprehensive income 600 1,020 Total comprehensive income 4,450 6,670 Statements of financial position as at 30 September: 2020 2019 Rs'000 Rs'000 Rs'000 Rs'000 Assets Non-current assets Property, plant and equipment 25,200 25,100 Right-of-use asset 6,100 5,000 31,300 30,100 Current assets Inventory 2,500 3,300 Trade receivables 3,210 3,620 Investments in 6 months government bonds 3,000 2,800 Bank 0 8,710 300 10,020 Total assets 40,010 40,120 Equity and liabilities Equity Equity shares of Rs1 each 16,000 15500 Share Premium 300 0 Revaluation reserve 2,100 1500 Retained earnings 8,200 9100 26,600 26,100 Non-current liabilities 12% loan notes 4,000 5000 Lease obligations 3,400 2,800 Environmental inspection provision 100 0 Current liabilities Trade payables 3,810 4,000 Lease obligations 1,000 320 Accrued finance costs 100 50 Bank 200 0 Current tax payable 800 5,910 1,850 6,220 Total equity and liabilities 40,010 40,120 Additional Information: On 1 July 2020, plc acquired a new property at a cost of Rs1.4 million. An item of plant with a carrying amount of Rs2.3 million was sold for Rs1.8 million during September 2020. An environmental inspection provision relating to a plant was capitalized during the year. Depreciation on PPE for the year ended 30 September 2020 was Rs1m. This was charged to the distribution costs. Other comprehensive income and the revaluation reserve change both relate to the PPE. During the year to 30 September 2020, depreciation on the leased non-current asset amounted to Rs550,000. The directors of plc are contemplating to lease property in the future instead of buying them. (a) Prepare the statement of cash flows for plc for the year ended 30 September 2020 in accordance with IAS 7 Statement of Cash Flows using the indirect method.