Question 2 Hyung Ltd has the following statements of financial position

At 31 March 2012 At 31 March 2011

$000

$000

Non-current assets (note 1) 1 700

1 260

Current assets

Inventories 108

82

Trade receivables 90

72

Cash and cash equivalents

174

198

328

Current liabilities

Trade payables 52

108

Cash and cash equivalents 41

93

108

105

220

Total assets less current liabilities 1 805

1 480

Non-current liabilities

8% Debentures 2010-2020

120

200

1 685

1 280

Equity and reserves

Ordinary shares of $1 fully paid 1 400

1 000

Share premium 70

50

General reserve 200

200

Retained profits

15

30

1 685

1 280

Notes

1. Non-current assets

Freehold Property Motor Vehicles

Total

$000

$000

$000

At cost

At 31 March 2011 2 000

370

2 370

Additions

808

808

Disposals

(240)

(240)

At 31 March 2012 2 000

938

2 938

Provisions for depreciation

At 31 March 2011 910

200

1 110

Disposals -

(108)

(108)

Dep Charge for the year

100

136

236

At 31 March 2012

1 010

228

1 238

Net book value at 31 March 2011 1 090

170

1 260

Net book value at 31 March 2012

990

710

1 700

Proceeds from the sale of fixed assets $ Motor Vehicles 30 000

No dividends were paid during the year. REQUIRED Prepare, in accordance with IAS 7, a statement of cash flows for the year ended

March 2012.