The following information is provided for Sapient Limited in respect of the year ended 31 December 2017:

Sapient Limited STATEMENT OF PROFIT OR Loss AND OTHER COMPREHENSIVE INCOME for the Year Ended 31 December 2017

Sapient Limited STATEMENT OF FINANCIAL PosITION as at 31 December

Additional Information:
1. Depreciation of non-current assets has been charged to distribution costs.
2. Included in administration expenses is €30,000 paid in connection with the share issue.

3. Plant with a net book value of €600,000, which had originally cost €1,000,000, was sold during the year.
4, Equipment with a net book value of €60,000, which had originally cost €200,000, was sold during the year.
5. All non-current asset additions during the year were paid for in cash.
6. Investments included within current assets relate to a nine-month term deposit that matures on | February 2018. If the deposit is withdrawn before the maturity date, all rights to interest in the month of withdrawal are forfeited.
7. Dividends of €40,000 were debited to equity during the year ended 31 December 2017.
Requirement Using both the direct and indirect methods, prepare a statement of cash flows for Sapient Limited for the year ended 31 December 2017 in accordance with IAS 7 Statement of Cash Flows.

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000 Revenue 4,020 Cost of sales (2,060) Gross profit Distribution costs 1,960 (816)