Blunt (Pty) Ltd provided the following information that was extracted from the financial records for the year ended 31 December 2018. Relevant financial information from the statement of profit and loss and other comprehensive income and the statement of financial position with comparative figures are shown below.

Additional information: 1. Inventory is disclosed at cost.

2. Land has not been revalued in the current financial year

3. An extension was added to the building and completed in the current financial year. All building costs were paid for in cash. Buildings are not depreciated.

4. Interest on the long term loan is not capitalised.

5. No equipment was sold during the current financial year. Some equipment was sold during the year for cash.

6. Dividends for the year as shown in the statement of changes in equity was R75 000. Required: Prepare the statement of cash flows of Blunt (Pty) Ltd for the year ended 31 December 2018 to comply with the International Financial Reporting Standards (IFRS) in as much as possible. Use the indirect method. Comparative figures are not required.

Extract of items shown on the statement of profit and loss and other comprehensive income for the year ended 31 December 2018: Interest income on fixed deposit Depreciation Loss on sale of equipment Interest on long term borrowings Income tax expense Profit for the year 30 000 38 000 1 000 32 000 86 000 141 000 Information from the statement of financial position as at 31 December: 2018 2017 520 000 343 000 441 000 (98 000) 620 000 268 000 354 000 (86 000) 70 000 66 000 64 000 86 000 100 000 100 000 70 000 Land and buildings at cost Equipment at carrying amount - Cost - Accumulated depreciation Fixed deposits Inventory Debtors control Bank - favourable (debit) balance Prepaid expense - Rent Creditors control Bank overdraft - credit balance SARS - tax payable Shareholders - dividends payable Interest payable Ordinary share capital Retained earnings Long term borrowings 26 000 22 000 30 000 10 000 850 000 96 000 140 000 6 000 48 000 6 000 18 000 75 000 12 000 750 000 30 000 200 000 Additional information