The following are the summarised financil statements of Wilson Hotels Ltd. The company own and operate five city center budget hotels in Ireland Statement of Comprehensive Income For the Year ended October 31 Statement of Comprehensive Invome For the Year ended October 31 2013 S 2012 2013 2012 S Assets Revenue 13,851 10,090 Non-current assets 21,968 19,995 Cost of goods sold 4.590 3,210 Current assets Gross profit 9,261 6,880 Inventories 227 225 Operating expenses 5,607 | 4,523 Receivables 165 185 Operating profit 3,654 2,357 Prepayments 12 10 Interest 560 650 Short-term investments 50 75 Net profit before tax 3,094 1,707 Bank 0 220 Coropration tax 850 490 Total current assets 454 715 Net profit after tax 2,244 1,217 Total assets 22,422 20,710 Equity and liabilities Dividends 800 700 Equity Share capital 11,500 10,608 Share premium 174 0 General reserve 1,560 560 Retained profits 786) 642 14,020 11,810 Non-current liabilities Loans 6,347 7,520 Current liabilities Payables Notes Accruals Taxation Bank Overdraft Total current liabilities Total equity and liabilities 880 760 215 120 850 490 110 10 2,055 1,380 22.422 20,710 Depreciation charged on non-current assets in existence at the year end amounting to $890,000.00 A loss on the sale of non-current assets amounting to $120,000. That assets had a book value of $320,000 when sold Required Prepare a statement of cash flows in accordance wit IAS 7 for the year ended October 2013