120 104 295 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 E000 E000 Non-current assets Tangible assets 400 325 Intangible assets 230 180 Investments 25 630 530 Current assets Inventory Accounts receivable 400 90-day deposit 50 Cash in hand 10 580 Total assets 1,210 Current liabilities Trade accounts payable 122 108 Bank overdraft Taxation 120 110 430 Non-current liabilities Long-term loan 100 Deferred tax 60 Total liabilities 610 Net assets Equity Share capital (1 ordinary shares) 200 150 Share premium 160 150 Revaluation reserve 100 90 Retained profits 140 80 600 470 4 403 933 188 185 403 80 180 60 463 470 600 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 000 E000 Cost 740 615 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. if Dividends of 80,000 were paid during 2016. 400