The financial statements of Saturn plc have been prepared as follows:

Further information:
(a) Extract from statement of income
€000
Operating profit.........................1,008
Dividend received..........................36
Premium on debentures................(120)
Interest paid..............................(144)
Profit before taxation.....................780
Income tax................................(258)
Profit after tax.............................522
(b) Operating expenses written off in the year include the following:
€000
Amortisation of development costs...............................102
Depreciation of property, plant and equipment..................318
(c) Equipment which had cost €240,000 was sold in the year, incurring a loss of €156,000.
(d) The debentures were redeemed at a premium of 10%.
Required:
(a) Prepare a statement of cash flows for the year ended 30 June 20X2.
(b) Briefly explain ways in which statements of cash flows may be more useful than statements of income.