The final accounts of Booker Ltd for the year ending 30 June were as follows: Balance sheet as at030.6.200530.6.2006N$000N$000

Fixed Assets at cost5,1706,470

Depreciation(1,745)(2,960)3,4253,510

Current Assets Stock170215

Debtors120110

Bank160310

450635

Creditors: amounts falling due within 1 year

Creditors105170

Taxation130160

Dividend125150

360480

Net current assets90155

Total assets less current liabilities3,5153,665

Creditors:amounts falling due after 1 year

10% Debentures130160

NET ASSETS3,3853,505

Financed by: Ordinary Share Capital3,000 3,000

Profit and Loss Account385505

3,3853,505

Profit& Loss Account for year ending 30.6.2006

N$000 Operating Profit

446 Interest Paid

(16) Profit on ordinary activities before tax

430 Taxation

160 Profit after taxation

270 Dividends

150 Retained Profit

120

Note:In addition to the fixed assets which were purchased during the year an asset which had cost N$500,000 to buy was sold its written down value of N$300,000.The depreciation charge for the year was N$1,415,000. Required:

Prepare a Cash flow Statement for Booker Ltd for the year ending 30 June 2000.

Discuss the usefulness of a cash statement