The following are the financial statements for A. Tack for the years ended 30 June 20X3 and 20X2:

Required
Prepare a statement of cash flows in accordance with IAS 7 for A. Tack for the year ended 30 June 20X3.

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Statement of profit and loss for the year ended 30 June 20X3 £000 2,280 20X2 E 000 1,230 422 808 Sales revenue less: Cost of goods sold Gross profit Less expenses Depreciation Office expenses Interest paid Rent Profit for the year 962 320 100 310 110 173 342 150 238 Statements of financial position as at 30 June 20X3 £'000 2,640 20X2 £'000 2,310 ASSETS Non-current ossets (see note) Current assets Inventery Trade receivables Bank 450 250 153 853 3,493 275 100 23 398 2,708 Total ossets EQUITY AND LIABILITIES Equity Copital Capital introduted Profits for year 2,388 300 342 3030 (252) 2,778 2,050 200 238 2488 (100) 2,388 Drawings Total equity Non-current liabilities 9% loan (20x9) Total non-current liabilities Current liabilities Trade payobles Total current liabilities Total liabilities Total equity and liabilities 300 300 320 320 320 2,708 415 71 3,493 Note: Schedule of non-current assets Land & buildings Plant and machinery £ 000 £ 000 £'000 Cost A 1 July 20x2 Additions At 30 June 20X3 Depreciation At 1 July 202 Charge for year 2096 At 30 June 20X3 1,500 400 1,900 1,350 250 2,850 650 3,500 540 320 540 Net book value at 30 June 20X3 740 2,640