The following summarised balance sheets relate to Track Limited:

Additional information:
1. During the year to 30 June 2011, some fixed assets originally costing £25,000 had been sold for £20,000 in cash. The accumulated depreciation on these fixed assets at 30 June 2010 amounted to £10,000. Similarly, some of the investments originally costing £150,000 had been sold for cash at their book value.
2. The taxation balances disclosed in the above balance sheets represent the actual amounts agreed with the Inland Revenue. All taxes were paid on their due dates. Advance corporation tax may be ignored.
3. A dividend of £130,000 was paid during the year to 30 June 2011.
4 During the year to 30 June 2001, the company made a 1-for-2 rights issue of 250 ordinary £1 shares at 120p per share.

Required:
Prepare Track Ltd?s cash flow statement for the year to 30 June 2011 in accordance with the requirements of FRS 1 using the indirect method. (Do not attempt to provide the reconciliation of net cash flow to net debt.)

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Balance Sheets at 30 June 2011 2010 000 000 Fixed assets at cost Less Accumulated depreciation Investments at cost 650 500 300 200 350 300 50 200 Current assets Stocks Debtors Cash and bank Current liabilities Bank overdraft Creditors Taxation 700 400 1,550 1,350 100 2,250 1,850 ( 60) ( 920) (800) (190) (230) (1,170) (1,030) 1,480 1,320 Capital and reserves Called-up share capital (1 ordinary shares) 750 500 Share premium account 200 150 Profit and loss account 530 670 1,480 1,320