The following draft financial statements are available for Sipfalor plc for the year ended 31 May 2024:
Statement of financial position at 31 May 2024

Statement of profit or loss for the year to 31 May 2024

Sipfalor plc presents a separate statement of profit or loss for the year (as above) and a separate statement of comprehensive income.
The following additional information for the year ended 31 May 2024 is available:
1) Dividends paid during the year were £680,000.
2) Non-current assets which had cost £332,000 and which had a carrying value of £56,000 were sold for £45,000. Any surpluses or deficits on the disposal of noncurrent assets have been included in the depreciation charge for the year. Other movements in the company's non-current assets are due to purchases of new assets and revaluations.
3) "Other current assets" consists of prepaid insurance. "Other payables" consists of accrued wages and salaries.

Required:
Prepare a statement of cash flows for Sipfalor plc for the year ended 31 May 2024 in accordance with IAS7 Statement of Cash Flows using the direct method. Additional notes are not required. Ignore VAT.

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Assets Non-current assets at cost or valuation Less: Accumulated depreciation Current assets Inventory Trade receivables Other current assets Cash and cash equivalents Total assets Equity Issued share capital Share premium Revaluation reserve Retained earnings £000 412 559 3 2,702 2024 £000 81,536 16,678 64,858 3,676 68,534 35,000 5,500 1,000 18,422 59,922 £000 389 468 2 64 2023 £000 57,754 12,687 45,067 923 45,990 20,000 1,500 800 17,697 39,997