The following are extracts from the balance sheets of a company:

• There were no purchases of land and property during the year.
• During the year, plant and equipment costing £60,000 and with a book value of £27,000 were sold for a loss of £5,000.
• Vans, which had cost £8,000, with a book value of £4,000, were sold for neither a profit nor a loss.
From the above data, calculate the amount to include in the statement of cash flows under the heading ‘cash flow from investing activities’.

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Non-current assets Land and property Plant and equipment at cost Less depreciation Motor vans at cost Less depreciation As at 31 Dec 2013 As at 31 Dec 2014 000 000 000 000 250 130 50 18 800 120 32 300 150 64 22 1,000 150 42