Q2: Following data relates to GRD Photo Limited. GRD Photo Limited Statement of Financial Position As of December 31 Share Capital and Reserves (Rs.000) 2010 (Rs. 1000) 2009 255,000 62.000 317.000 255,000 20.000 275.000 72,500 Issued, subscribed and paid up capital Retained earnings Non-Current Liabilities Bonds payable Current Liabilities Trade payable Provision for taxation Total Liabilities and Equity Non-Current Assets Equipment Accumulated Depreciation Equipment Long-term investments 28,000 12,000 40,000 429,500 17.000 5.000 22.000 297,000 337,000 (20,000) 10,000 327,000 215.000 (40,000) 55.000 230,000 Current Assets Inventory Prepaid expenses Trade receivables Cash and bank balances 15.000 12.000 58,000 17.500 102.500 429,500 10.000 7,000 41.000 9,000 67,000 297,000 Total Assets Additional Information: Long-term investments comprising 'held-to-maturity' securities carried at a cost of Rs.45 million were sold for Rs.36 million during the year. Equipments costing Rs.58 million (carrying value Rs. 12 million) were sold for Rs.8 million. Financial charges of Rs.8.7 million were paid during the year, Net profit after tax for the year ended December 31, 2010 was Rs.52 million. Provision for taxation for the year was Rs.28 million. Dividends of Rs.10 million were declared and paid by the company during the year. Required: Prepare Statement of Cash Flows for the year ended December 31, 2010 using indirect method as per the requirements of IAS-7. Necessary workings must be shown