CHAPTER 13: STATEMENT OF CASH FLOWS 1 Havisham plc Extracts from the financial statements for Havisham plc for the year ended 31 March are as follows: Statement of profit or loss for the year ended 31 March 20X2 Profit from 819,640 operations Finance costs (89,600) Profit before tax 730,040 Income tax (245,700 Profit for year 484,340 Statements of financial position at 31 March 20X2 20X2 20X1 Non-current assets Property, plant and equipmea$2,600 797,500 Intangible assets 580,040 386,900 Current assets Inventories 430,040 285,550 Trade 342,700 224,150 Government bonds 40,000 10,000 Cash 37,470 3,800 Total assets 2,412,850 1,707,900 Equity Share capital ({1 shares) 312,400 232,800 Share premium 398,200 351,000 Retained earnings 534,800 282,100 Non-current liabilities Borrowings 567,400 423,000 Preference shares 75,000 0 Current liabilities Borrowings 1 15,600 51,000 Bank overdraft 51,200 27,230 Income tax payable 201,800 192,520 Trade payables 146,700 135,900 Accrued interest 9,750 12,350 Total equity and liabilities 2,412,850 1.707.900 Additional information 1 Included in profit from operations is a loss of 184,810 in respect of the disp machinery in the year. This machinery had a carrying amount of $127,800 at the