The following information has been extracted from the financial statements of Casings Ltd.

Additional information

During the year to 31 December Year 2, Casings Ltd sold some non-current (fixed) assets for £22,000 in cash. The net book value of these assets at 1 January Year 2 was £27,000.

Purchases of non-current (fixed) assets during the year to 31 December Year 2 amounted to £155,000.

On 1 January Year 2, the company issued for cash some 5% debenture stock, repayable in Year 20. The interest was paid in full on 31 December Year 2.

Required:

Prepare a statement of cash flows for Casings Ltd for the year ended 31 December. Show all workings.

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Income statement (profit and loss account) extract for the year to 31 December Year 2 Profit before deducting interest and taxation Interest payable Net profit before taxation Taxation Net profit after taxation 000s 108 (3) 105 (23) 82