Question 4 R Ltd's Balance Sheets at 30 June 2003 and 2004 were as follows. At 30 June 2003 $000 $000 $000 630 At 30 June 2004 $000 $000 $000 850 Tangible fixed assets (note 1) Current assets Stock Debtors Bank 41 36 87 164 54 30 103 187 Creditors: amounts due within one year Creditors Proposed dividend Net current assets Total assets less current liabilities 29 25 41 35 54 76 110 740 111 961 Creditors: amounts due after one year 10% Debentures 2002 - 2005 100 640 60 901 Capital and reserves Ordinary shares of $1 fully paid Share premium General reserve Retained profit 500 25 100 15 640 700 50 120 31 901 Notes 1. Tangible fixed assets Total Freehold property $000 Plant and machinery $000 Motor vehicles $000 $000 1 000 At cost At 30 June 2003 Additions Disposals At 30 June 2004 230 302 (35) 497 140 250 (85) 305 1 370 552 (120) 1 802 1 000 540 Provisions for depreciation At 30 June 2003 Depreciation on disposals Depreciation for the year At 30 June 2004 120 (30) 200 290 80 (78) 70 72 740 (108) 320 952 50 590 Net book values at 30 June 2004 410 207 233 850 2. Proceeds from the sales of fixed assets were: $000 Plant and machinery 10 Motor vehicles 5 6. 200 000 ordinary shares of $1 were issued on 1 July 2003 at a premium of $0.125 per share. 7. An interim dividend of $0.03 per share was paid on 1 November 2003. 8. The directors propose to pay a final dividend of $0.05 per share for the year ended 30 June 2004 on 1 January 2005. 9. $40 000 of debentures were redeemed at par on 31 December 2003. 10.Interest on the debentures is paid each year on 30 June and 31 December. REQUIRED (a) Prepare cash flow statement Question 4 R Ltd's Balance Sheets at 30 June 2003 and 2004 were as follows. At 30 June 2003 $000 $000 $000 630 At 30 June 2004 $000 $000 $000 850 Tangible fixed assets (note 1) Current assets Stock Debtors Bank 41 36 87 164 54 30 103 187 Creditors: amounts due within one year Creditors Proposed dividend Net current assets Total assets less current liabilities 29 25 41 35 54 76 110 740 111 961 Creditors: amounts due after one year 10% Debentures 2002 - 2005 100 640 60 901 Capital and reserves Ordinary shares of $1 fully paid Share premium General reserve Retained profit 500 25 100 15 640 700 50 120 31 901 Notes 1. Tangible fixed assets Total Freehold property $000 Plant and machinery $000 Motor vehicles $000 $000 1 000 At cost At 30 June 2003 Additions Disposals At 30 June 2004 230 302 (35) 497 140 250 (85) 305 1 370 552 (120) 1 802 1 000 540 Provisions for depreciation At 30 June 2003 Depreciation on disposals Depreciation for the year At 30 June 2004 120 (30) 200 290 80 (78) 70 72 740 (108) 320 952 50 590 Net book values at 30 June 2004 410 207 233 850 2. Proceeds from the sales of fixed assets were: $000 Plant and machinery 10 Motor vehicles 5 6. 200 000 ordinary shares of $1 were issued on 1 July 2003 at a premium of $0.125 per share. 7. An interim dividend of $0.03 per share was paid on 1 November 2003. 8. The directors propose to pay a final dividend of $0.05 per share for the year ended 30 June 2004 on 1 January 2005. 9. $40 000 of debentures were redeemed at par on 31 December 2003. 10.Interest on the debentures is paid each year on 30 June and 31 December. REQUIRED (a) Prepare cash flow statement