The statement of profit or loss and other comprehensive income for the year ended 31 December for Susan Trading Limited and its Statement of Financial Position as at 31 December Year 0 and Year 1 are provided below: Year 1 Sm Year 0 Sm ASSETS Non-Current Assets Intangible Asset - Development costs 272 3 275 196 4 200 Current Assets Inventories Accounts receivable Cash and cash equivalents 140 130 102 372 155 110 23 288 Total assets 647 488 EQUITY AND LIABILITIES Ordinary shares capital Retained profits 165 153 318 135 91 226 Non-current liabilities Lease liability Long term loan 49 31 80 30 60 90 228 Current liabilities Accounts payable Interest payable Lease liability Tax payable Total current liabilities Total liabilities 5 16 249 329 151 8 3 10 172 262 Total equity and liabilities 647 488 The statement of profit or loss and other comprehensive for the year ended 31 December Year 1 is as follows: $m Revenue 335 Cost of goods sold (177) Gross profit 158 Distribution costs (31) Administration costs Operating profit before interest and tax Finance costs Profit before tax Taxation Profit for the period Dividend paid Retained profit for the year Retained profit as at 1 January Year 1 Retained profit as at 31 December Year 1 (24) 103 (7) 96 (22) 74 (12) 62 91 153 Additional information: 1. Non-current assets Carrying amount at 1.1. Year 1 Additions - finance leases Purchase at cost Disposals Depreciation for the year Carrying amount at 31 Dec Year 1 $m 196 28 104 (19) (37) 272 The proceeds from disposal of assets was $21m 2. Interest Expense Sm Finance charges payable under finance lease Long term loan interest 3. Lease liability Year 1 Year 0 Sm Sm Amount payable within one year 6 4 Within two to five years 55 33 61 Less: finance charges allocated to (7) future periods 54 33 Interest paid on leases in the year to 31 December Year 1 amounted to $3m. Required: Prepare the statement of cash flows for Susan Trading Limited for the year ended 31 December Year 1, using indirect method to calculate for the cash flow from operating activities