165 Question 2 bung Lad has the following statements of financial position At 31 March 2012 At 31 March 2011 SOOO S000 Done Non-current assets (note 1) 1700 1 260 Current assets Inventories 108 Trade receivables 90 Cash and cash equivalents 198 Current liabilities Trade payables 108 Cash and cash equivalents 108 105 220 Total assets less current liabilities 1 BOS 1 480 Non-current liabilities 8% Debentures 2010-2020 120 200 PRO Equity and reserves Ordinary shares of S1 fully paid 1 400 1 000 Share premium 70 50 General reserve 200 200 Retained profits 15 30 1 685 1280 Notes 1. Non-current assets Motor Frechold Property Vehicles Total S000 S000 S000 At cost At 31 March 2011 2000 370 2 370 Additions SOS SOR Disposals (240) (240) At 31 March 2012 2000 938 2938 Provisions for depresiatian At 31 March 2011 910 200 1 110 Disposals (108) (108) Der Charge for the year 100 136 236 At 31 March 2012 1010 228 1 22% Net book value at 31 March 2011 020 170 1260 Net book value at 31 March 2012 990 710 1.700 2. Proceeds from the sale of fixed assets Motor Vehicles 30 000 3. No dividends were paid during the year. REQUIRED (a) Prepare, in accordance with IAS 7. a statement of cash flows for the year ended 31 March 2012