You are required to draw up a cash flow statement for K Rock for the year ended 30 June 20X9 from the following information using 

(a) The FRS 1 layout and 

(b) The IAS 7 layout.

*Debtors 20X8 £22,100 – provision £900.

Debtors 20X9 £20,500 – provision £700.

Equipment was sold for £15,800. Equipment costing £18,100 was purchased during the year.

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K Rock Profit and Loss Account for the year ending 30 June 20X9 Gross profit Add Reduction in doubtful debt provision Less Expenses: Wages and salaries General trading expenses Equipment running costs Motor vehicle expenses Depreciation: Motor vehicles Equipment Loss on sale of equipment Net profit E 61,400 15,200 8,140 6,390 5,200 6,300 1,600 £ 155,030 200 155,230 (104,230) 51,000