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Task 2 One of your assistants is having difficulties preparing the Statement of cash flows for a client, Tomber plc and needs your assistance. They

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Task 2 One of your assistants is having difficulties preparing the Statement of cash flows for a client, Tomber plc and needs your assistance. They have provided the following information. Extracts from financial statements for the year ended 31 December 20X3 Statement of financial position as at 31 December 20X3 20X3 20X2 Non-current assets Property, plant and equipment 459.700 400.150 Current assets Inventory Trade receivables Bank 32.222 43.380 31,500 33,774 10,980 6,672 74,702 83,826 534,402 483.976 Total assets Equity Share capital Share premium Revaluation reserve Retained earnings 120.000 100.000 40,000 10,000 60,000 25.000 147,532 209,580 32 344,580 Non-current liabilities Loan stock 85,000 60.000 Current liabilities Trade payables Provision Income tax 41,910 44,320 3,500 36,460 35,076 534,402 483,976 Statement of profit or loss for the year ended 31 December 20X3 Operating profit 176,900 Loss on disposal of PPE (2,800) Finance cost (3,750) Profit before tax 170,350 Income tax (32.300) Profit for the year 138,050 Depreciation included in Operating profit 35,560 Requirement a) Prepare the 'Net cash from operating activities' section of Tomber plc's Statement of cash flows for the year ended 31 December 20X3. 12 marks b) Calculate the net cash flow from financing activities for the year ended 31 December 20X3. 8 marks *(This includes 1 mark available for correct title and format.) Total marks for Task 2 20 marks

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