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The income statement and the opening and closing balance sheets for Geld for the year ending 31 December 20X5 are noted below along with some

The income statement and the opening and closing balance sheets for Geld for the year ending 31 December 20X5 are noted below along with some other relevant information.

Geld Income statement for the year ended 31 December 20X5

$m Profit from operations

. 374 Interest payable

(24) Net profit before tax

350 Taxation

(88) Profit for the year

262 Statement of changes in equity Opening retained earnings

450 Profit for the year

262 Dividends paid

(212) Closing retained earnings

500 Balance sheets as at 31 December ...

20X5

20X4 Assets

$ m m

$m . $m Non-current assets. at NBV Note 1

1,420

1,523 Current assets Inventory

295

383 Trade receivables etc.

310

185 -Cash

74 - Cash equivalents

729

743 2.152

2.266 Equity and liabilities Ordinary shares

818

775 Share-premium account

33 Retained earnings

500 1,561

1,258 Non-current liabilities: Loans

164 Current liabllitles

- Bank overdraft

Trade payables Interest payable

225 Income Tax

427

678 2.152

2.266

25

101

243

450

330

1)

$m

$m

1,895

354

Noted below is a summary property, plant and equipment schedule for 20X5:

Cost Dep'n NBV

$m Opening

372 1,523) Additions

...1_354... Disposals

(286) (153) i (133) 1 Depreciation charge it to a - .!

321 (321) Closing

- 1,963

1,423 to The assets sold during the year yielded proceeds of $68m. A loss of $65m was made on the disposals. This loss is included within profit before tax.

The interest charge is accounted for on an accruals basis. The balance sheets show the opening and closing Interest accruals.'

Required:

Prepare the cash flow statement for the year ended 31 December 20X5.

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