1 120 15.4A 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 Decem- ber 2016 as required under IAS 7 using the indirect method. Pennylane Ltd Statements of Financial Position as at 31 December 2016 2015 000 000 Non-current assets Tangible assets 400 Intangible assets 230 Investments 630 Current assets Inventory Accounts receivable 400 90-day deposit Cash in hand 10 580 Total assets 1,210 Current liabilities Trade accounts payable 122 Bank overdraft 188 Taxation 120 430 Non-current liabilities Long-term loan Deferred tax Total liabilities 610 Net assets 50 100 80 180 A 39 880181 8881 600 Equity Share capital (1 ordinary shares) Share premium Revaluation reserve Retained profits 200 160 100 140 600 E000 740 Additional information: (a) During the year interest of 75,000 was paid, and interest of 25,000 was received. (b) The following information relates to tangible non-current assets: At 31 December 2016 2015 1000 Cost 615 Accumulated depreciation (340) (290) Net book value 325 ( The proceeds of the sale of non-current asset investments were 30,000. (d) Plant, with an original cost of 90,000 and a net book value of 50,000, was sold for 37,000. (e) Tax paid to Revenue and Customs during 2016 amounted to 110,000. (A Dividends of 80,000 were paid during 2016. 400