Question 2 Hyung Ltd has the following statements of financial position At 31 March 2012 $000 1 700 At 31 March 2011 $000 1 260 Non-current assets (note 1) Current assets Inventories Trade receivables Cash and cash equivalents 108 90 82 72 174 328 198 Current liabilities Trade payables Cash and cash equivalents 108 52 41 93 108 105 220 Total assets less current liabilities 1 805 1 480 Non-current liabilities 8% Debentures 2010-2020 120 1 685 200 1 280 Equity and reserves Ordinary shares of $1 fully paid Share premium General reserve Retained profits 1 400 70 200 15 1 685 1 000 50 200 30 1 280 Notes 1. Non-current assets Freehold Property $000 Motor Vehicles $000 Tota 1 $000 2 000 At cost At 31 March 2011 Additions Disposals At 31 March 2012 370 808 (240) 938 2 370 808 (240) 2 938 2 000 910 Provisions for depreciation At 31 March 2011 Disposals Dep Charge for the year 200 (108) 136 1 110 (108) 236 100 1 010 1 090 1 238 At 31 March 2012 Net book value at 31 March 2011 228 170 1 260 Net book value at 31 March 2012 990 710 1 700 2. Proceeds from the sale of fixed assets $ Motor Vehicles 30 000 3. No dividends were paid during the year. REQUIRED (a) Prepare, in accordance with IAS 7, a statement of cash flows for the year ended 31 March 2012