Extracts from the financial statements for Havisham plc for the year ended 31 March 20X2 are as follows: Statement of profit or loss for the year ended 31 March 20X2 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Profit from operations Investment income Finance cost Profit before tax '000 2,553 (1,814) 739 (125) (264) 350 25 (75) Income tax expense Profit for the year 300 (140) 160 Statements of financial position as at 31 December 20X7 20X6 ASSETS '000 '000 Non-current assets Property, plant and equipment 280 214 Intangible assets 250 200 Investments 25 Current assets Inventories Receivables 150 102 390 315 50 0 2 1 1,122 857 Short-term investments Cash in hand Total assets EQUITY AND LIABILITIES Equity Share capital (1 ordinary shares) 200 150 Share premium 160 150 Retained earnings 160 100 Non-current liabilities Long-term loan Current liabilities Trade payables Bank overdraft 170 50 227 199 70 80 Accruals Taxation 15 18 120 110 Total equity and liabilities 1,122 857 1. The proceeds from the sale of non-current asset investments amounted to 30,000. 2. Fixtures and fittings, with an original cost of 85,000 and a carrying amount of 45,000, were sold for 32,000 during the year. 3. Fixtures and fittings, with an original cost of 85,000 and a carrying amount of 45,000, were sold for 32,000 during the year. Cost Accumulated depreciation Carrying amount 31 December 31 December 20X7 20X6 '000 '000 620 504 340 290 280 214 4. 50,000 1 ordinary shares were issued during the year at a premium of 20p per share. 5. The short-term investments are highly liquid and are close to maturity. 6. The accruals relate to interest payable. 7. Emily plc paid dividends of 100,000 for the year ended 31 December 20X7. 8. Included in receivables at 31 December 20X7 is 15,000 which relates to the disposal of non current assets. 9. Emily plc secured loan funding during the year, 75% of which was used to purchase a warehouse. Prepare a statement of cash flows for Emily plc, for the year ended 31 December 20X7 in accordance with IAS 7. 2