The statement of financial position of Euston Ltd as at 31 December 20X2, with corresponding amounts, showed the following:

1. Property, plant and equipment includes the following:

2. An item of plant costing £100,000 with a written-down value of £60,000 was sold at a profit of £15,000 during the year. This profit has been included in the statement of profit and loss for the year.
3. The company declared a final dividend at the end of 20X2 of £50,000 (20X1 - £30,000). This was approved by the shareholders one month after the reporting period end and paid two weeks after that. No interim dividend was paid during the year.
4. Tax on company profits is paid nine months after the end of the reporting period.
5. During the year ended 31 December 20X2 there was no interest received but there was debenture interest paid of £108,000. None of the debenture interest was accrued at the end of either 20X1 or 20X2.
Required
Prepare a statement of cash flows in accordance with IAS 7 for the year 31 December 20X2.

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ASSETS Non-current assets Property, plant and equipment Current assets Inventory Trade receivables Prepayments Bank 20X2 £'000 4,200 20X1 £ 000 4,000 470 800 60 20 1,350 5,550 400 600 50 150 200 5,200 Total assets EQUITY AND LIABILITIES Equity Share capital Retained earnings Total equity Non-current liabilities 12% debentures Total non-current liabilities Current liabilities Trade payables Current tax payable Accruals Total current liabilities Total liabilities Total equity and reserves 2,500 1,650 4,150 2,500 1,530 4,030 1,000 800 1,000 800 230 100 70 400 1,400 5,550 200 80 90 370 1,170 5,200 20x2 20x1 £ 000 000 £ 000 000 Property, plant and equipment Freehold property at cos Plant and machinery 2,000 2,000 Cos Provision for depreciation 3.500 1.300) 2.200 3,000 (1000) 2,000 Total 4 200 4,000