The statement of financial position of Urbax plc at 31 July 2024 (with comparatives for the previous year) is shown below:Statement of financial position at 31 July 2024

(i) Equipment which had cost £30,000 during the year to 31 July 2021 was sold in February 2024 for £10,000. The company depreciates equipment at 20% per annum on cost with a full charge in the year of acquisition and none in the year of disposal. (Some of the equipment was over five years old on 31 July 2024).(ii) Non-current asset investments which had cost £25,000 some years previously were sold during the year for £21,000.(iii) Dividends received during the year were £5,000. Dividends totalling £100,000 were paid during the year.(iv) The 14% loan stock was issued ten years ago and is due to be redeemed on 1 January 2025. A fresh issue of 12% loan stock was made on 31 July 2024.(v) Interest paid during the year (including loan stock interest) was £8,000. All interest was paid on the due date and no interest was accrued at either the start or the end of the year. No interest was received during the year.(vi) The taxation liability as at 31 July 2023 was paid during the year to 31 July 2024 at the amount stated.(vii) In January 2024, the company issued 50,000 £1 ordinary shares at a premium of 60p per share.(viii) The preference shares are correctly classified as equity in accordance with IAS32.(ix) The cash on 7-day deposit ranks as a cash equivalent.

Required:(a) Calculate the company's profit before tax for the year to 31 July 2024.(b) Prepare a statement of cash flows for the year to 31 July 2024, in accordance with the requirements of IAS7 (using the indirect method).(c) Reconcile the total cash and cash equivalents shown by the statement of cash flows to the equivalent figures shown in the opening and closing statements of financialposition.(d) Comment briefly on the significance of the information provided by the company's statement of cash flows.

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Assets Non-current assets Property, plant and equipment at cost Less: Accumulated depreciation Investments at cost Current assets Inventories Trade receivables Less: All'ce for doubtful debts Prepayments Cash on 7-day deposit Cash at bank and in hand Equity Ordinary share capital Preference share capital Share premium account Retained earnings 231 £000 490 370 289 26 205 13 2024 £000 120 19 139 507 646 230 20 30 158 438 106 4 £000 450 330 176 102 12 50 59 2023 £000 120 44 164 399 563 180 20 213 413