QUESTION 4 The following are extracts from the financial statements of Furey Limited, for the year ended 319 October 2019 (with comparative figures for the year ended 31st October 2018): Statement of Financial Position as at 31 October 2019 2018 000 '000 '000 '000 Non-current assets Property, Plant and Equipment 230.000 118.500 Current Assets Inventory Trade receivable Cash 73.250 22.900 21.300 22.750 14.350 15.250 117.450 347.50 52.350 170.850 Total Assets Equity & Liabilities Share Capital and Reserves Ordinary Share capital Share premium Revaluation Reserve General reserves Retained profit 85,000 30,000 120.000 45,000 20,000 22.000 11.250 218,250 22.000 4.800 141.800 75.000 Non-Current Liabilities 7% Debentures Current Liabilities Trade Payables Corporation Tax Bank overdraft 41.400 10,150 2.650 16.700 8.400 3,950 54,200 347.450 29.050 170,850 Extract from Statement of Profit or loss and other Comprehensive Income for year ended 31 October 2019 000 Operating profit 38.200 Interest payable (5.250) Net profit before tax 32.950 Taxation (11.500) Profit after tax 21.450 Dividends (15,000) Retained profits for year 6.450 Page 6 of 7 The following additional information is provided in relation to the year ended 31st October 2019: Property, Plant and Equipment with a carrying value of 13.500,000 was sold for 13.000.000 There was a revaluation of land during the year. This was the first time the land had been revalued Depreciation charged to the Statement of Profit or Loss was 17.500.000 during the year. The debentures were issued on 1 November 2018. Requirement: Prepare for Furey Limited, a Statement of Cash Flows for the year ended 31st October 2019. (30 marks) Total Question 4: (30 marks) Page 7 of 7