You are presented with the following summarised information relating to Ward plc:

Notes:

1. The taxation charge in the profit and loss account includes the following items:

2. During the year to 30 June 20X8, Ward sold an asset originally costing £150,000 for £5,000 in cash. The depreciation charged on this asset was £135,000. The total depreciation charged in the profit and loss account for the year to 30 June 20X8 was £384,000.

3. Other creditors including taxation and social security includes the following items:

4. The deferred taxation balances include the following items:

Required:

In so far as the information permits, prepare Ward plc’s statement of cash flow for the year to 30 June 20X8 in accordance with FRS 1.

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Profit and Loss Account for the year to 30 June 20X8 Net profit for the year before taxation Taxation (see Note 1) Profit for the year after taxation Extraordinary item (after tax relief of £35,000) Profit for the year after taxation and extraordinary item Dividends paid and proposed Retained profit for the year £000 900 (636) 264 (90) 174 (119) £55