BEN LIMITED Statement of Comprehensive Income for the Year Ended 31 December 200X 

Additional Information

(a) The proceeds of the sale of non-current asset investments amounted to €30,000.

(b) Fixtures and fittings, with an original cost of €85,000 and a net book value of €45,000 were sold for €32,000 during the year.

(c) The following information relates to tangible non-current assets.

(d) 50,000 €1 ordinary shares were issued during the year at a premium of 20c per share.
(ec) Wages charged in the statement of comprehensive income amounted to €90,000 of which €5,000 was unpaid at the year end.

(f) During the year ended 31 December 200X, dividends amounting to 5 €100, 000 were debited to equity. Dividends proposed, which are included in current liabilities, were approved by the shareholders prior to the relevant reporting period date.
Requirement Prepare a statement of cash flows for the year ended 31 December 200X for Ben Limited using both direct and indirect methods in accordance with IAS 7 Statement of Cash Flows. %

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Revenue Cost of sales Gross profit '000 2,553 (1,814) Distribution costs Administrative expenses 739 (125) (264) Operating profit 350 Interest received 25 Interest paid (75) Profit on ordinary activities before taxation 300 Taxation (140) Profit for year 160