Prepare the statement of cash flows for TS plc for the year ended 30 September 2020 in accordance with IAS 7 Statement of Cash Flows using the indirect method.

Question 5 TS plc is a publicly listed manufacturing entity. Its draft summarised financial statements for the year ended 30 September 2020 (and 2019 comparatives) are: Statements of profit or loss and other comprehensive income for the year ended 30 September: Page 9 of 10 On 1 July 2020, TS plc acquired a new property at a cost of \\$1.4 million. An item of plant with a carrying amount of \\$2.3 million was sold for \\$1.8 million during September 2020. An environmental inspection provision relating to a plant was capitalized during the year. Depreciation on PPE for the year ended 30 September 2020 was \\( \\$ 1 \\mathrm{~m} \\). This was charged to the distribution costs. Other comprehensive income and the revaluation reserve change both relate to the PPE. During the year to 30 September 2020, depreciation on the leased non-current asset amounted to \\( \\$ 550,000 \\). The directors of TS plc are contemplating to lease property in the future instead of buying them. Required: Prepare the statement of cash flows for TS plc for the year ended 30 September 2020 in accordance with IAS 7 Statement of Cash Flows using the indirect method. Question 5 TS plc is a publicly listed manufacturing entity. Its draft summarised financial statements for the year ended 30 September 2020 (and 2019 comparatives) are: Statements of profit or loss and other comprehensive income for the year ended 30 September: Page 9 of 10 On 1 July 2020, TS plc acquired a new property at a cost of \\$1.4 million. An item of plant with a carrying amount of \\$2.3 million was sold for \\$1.8 million during September 2020. An environmental inspection provision relating to a plant was capitalized during the year. Depreciation on PPE for the year ended 30 September 2020 was \\( \\$ 1 \\mathrm{~m} \\). This was charged to the distribution costs. Other comprehensive income and the revaluation reserve change both relate to the PPE. During the year to 30 September 2020, depreciation on the leased non-current asset amounted to \\( \\$ 550,000 \\). The directors of TS plc are contemplating to lease property in the future instead of buying them. Required: Prepare the statement of cash flows for TS plc for the year ended 30 September 2020 in accordance with IAS 7 Statement of Cash Flows using the indirect method