A The statements of financial position and additional information relating to Pennylane Ltd are given below. Prepare a statement of cash flows for Pennylane Ltd for the year ending 31 December 2012 as required under IAS 7 using the indirect method.

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Pennylane Ltd Statements of Financial Position as at 31 December 2012 2011 000 000 Non-current assets Tangible assets 400 325 Intangible assets Investments Current assets Inventory Accounts receivable 90-day deposit Cash in hand 230 180 25 630 530 120 104 400 295 50 10 580 403 Total assets 1,210 933 Current liabilities Trade accounts payable 122 108 Bank overdraft 188 185 Taxation 120 110 430 403 Non-current liabilities Long-term loan Deferred tax Total liabilities Net assets 100 80 60 180 60 610 463 600 470 Equity Share capital (1 ordinary shares) 200 150 Share premium 160 150