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I'm having my exam tomorrow but I am having problems understanding this question, can someone please show me the solution for this cash flow statement? I learn quicker from solutions but there isnt any solution provided for past year papers by my lecturer. Very much appreciated!

You are provided with the following information from the financial statements of Audio plc for 2019 Balance Sheet on 31/12 2019 2018 Non-Current Assets '000 '000 '000 '000 Intangible Assets 218 185 Tangible Non-Current Assets Cost 9,437 6,590 Provision for Accumulated Depreciation (3,091) 6,346 (2.840) 3,750 Current Assets Inventory 1,050 840 Receivables 435 1,410 Corporation Tax Recoverable 29 15 Short Term Liquid Investments 98 65 Bank Balances 32 56 Cash 57 1.701 4 2.390 Total Assets 8,265 6.325 Share Capital and Reserves Issued Share Capital of 1 2,720 1,900 Revenue Reserves Note 1 3.190 5.910 1,630 3,530 Other Components of Equity Share Premium 195 180 Revaluation Reserves 185 380 45 225 Total Equity 6,290 3.755 Non-Current Liabilities 10% Debentures 2030 480 850 Provision re Fixed assets 474 Deferred Tax 184 67 Deferred Government Grants 147 93 Finance Lease Payable 164 1,449 217 1,587 Current Liabilities Trade Payables 270 564 Other Payables Note 2 225 404 Bank Overdraft 31 526 15 983 Total Equity and Liabilities 8,265 6.325 360 Statement of Profit and Loss and Other Comprehensive Income for year to 31/12/2019 31/12/2018 '000 000 Sales 12,600 9,800 Less Cost of Sales (6.450) (4.750) Gross Profit 6,150 5,050 Distribution Costs Note 3 (1,780) (1,265) Administration Costs Note 3 (1,625) (1.325) Profit from Operations 2,745 2,460 Finance Costs (130) (80) Profit before Tax 2,615 2,380 Income Tax Expense (440) (360) Profit for the year 2,175 2,020 Other Comprehensive Income Surplus on revaluation of tangible non-current assets 140 90 Total Comprehensive Income for the Year 2,315 2,110 Notes to the financial statements; all figures in '000. 1. Extracts from the Statement of Changes in Equity Opening Revenue Reserves Profit for the Year Total Dividends declared Capitalised as Ordinary Shares Closing Revenue Reserves 2019 1,630 2,175 (255) (360) 3,190 2018 150 2,020 (140) (400) 1,630 2. Other Payables consist of the following @ 31 Dec Finance Lease Payable Corporation Tax Payable Ordinary Dividends Payable Warranty Provision Total 2019 93 0 59 73 225 2018 145 97 98 64 404 3. Distribution and Administration Expenses include Depreciation of Tangible Non Current Assets Amortisation of Intangible Non Current Assets Profit (Loss) on Disposal of Tangible Non Current Assets Government Grant Income Amortised Share Issue Expenses Warranty Provision 2019 (392) (43) 23 2018 (285) (45) (22) 26 (16) 17 34 (12) 28 All figures are in '000 1. There were no disposals on intangible non current assets during 2019 2. Accumulated depreciation on the tangible noncurrent assets revalued during 2019 was 94 3. The net book value of tangible non current assets disposed during 2019 was 124. 4. Tangible noncurrent asset amounting to 71 were acquired during 2019 using finance leases 5. The company increased the provision re fixed assets on 1 January 2019 in relation to new tangible noncurrent assets by 110. The company's cost of capital is 10% 6. 200 of the share premium balance was capitalised during 2019. Prepare a cash flow statement for Audio plc for 2019 in accordance with IAS 7. Show any additional disclosures also required by the standard in so far as the information permits. (Total marks 22) You are provided with the following information from the financial statements of Audio plc for 2019 Balance Sheet on 31/12 2019 2018 Non-Current Assets '000 '000 '000 '000 Intangible Assets 218 185 Tangible Non-Current Assets Cost 9,437 6,590 Provision for Accumulated Depreciation (3,091) 6,346 (2.840) 3,750 Current Assets Inventory 1,050 840 Receivables 435 1,410 Corporation Tax Recoverable 29 15 Short Term Liquid Investments 98 65 Bank Balances 32 56 Cash 57 1.701 4 2.390 Total Assets 8,265 6.325 Share Capital and Reserves Issued Share Capital of 1 2,720 1,900 Revenue Reserves Note 1 3.190 5.910 1,630 3,530 Other Components of Equity Share Premium 195 180 Revaluation Reserves 185 380 45 225 Total Equity 6,290 3.755 Non-Current Liabilities 10% Debentures 2030 480 850 Provision re Fixed assets 474 Deferred Tax 184 67 Deferred Government Grants 147 93 Finance Lease Payable 164 1,449 217 1,587 Current Liabilities Trade Payables 270 564 Other Payables Note 2 225 404 Bank Overdraft 31 526 15 983 Total Equity and Liabilities 8,265 6.325 360 Statement of Profit and Loss and Other Comprehensive Income for year to 31/12/2019 31/12/2018 '000 000 Sales 12,600 9,800 Less Cost of Sales (6.450) (4.750) Gross Profit 6,150 5,050 Distribution Costs Note 3 (1,780) (1,265) Administration Costs Note 3 (1,625) (1.325) Profit from Operations 2,745 2,460 Finance Costs (130) (80) Profit before Tax 2,615 2,380 Income Tax Expense (440) (360) Profit for the year 2,175 2,020 Other Comprehensive Income Surplus on revaluation of tangible non-current assets 140 90 Total Comprehensive Income for the Year 2,315 2,110 Notes to the financial statements; all figures in '000. 1. Extracts from the Statement of Changes in Equity Opening Revenue Reserves Profit for the Year Total Dividends declared Capitalised as Ordinary Shares Closing Revenue Reserves 2019 1,630 2,175 (255) (360) 3,190 2018 150 2,020 (140) (400) 1,630 2. Other Payables consist of the following @ 31 Dec Finance Lease Payable Corporation Tax Payable Ordinary Dividends Payable Warranty Provision Total 2019 93 0 59 73 225 2018 145 97 98 64 404 3. Distribution and Administration Expenses include Depreciation of Tangible Non Current Assets Amortisation of Intangible Non Current Assets Profit (Loss) on Disposal of Tangible Non Current Assets Government Grant Income Amortised Share Issue Expenses Warranty Provision 2019 (392) (43) 23 2018 (285) (45) (22) 26 (16) 17 34 (12) 28 All figures are in '000 1. There were no disposals on intangible non current assets during 2019 2. Accumulated depreciation on the tangible noncurrent assets revalued during 2019 was 94 3. The net book value of tangible non current assets disposed during 2019 was 124. 4. Tangible noncurrent asset amounting to 71 were acquired during 2019 using finance leases 5. The company increased the provision re fixed assets on 1 January 2019 in relation to new tangible noncurrent assets by 110. The company's cost of capital is 10% 6. 200 of the share premium balance was capitalised during 2019. Prepare a cash flow statement for Audio plc for 2019 in accordance with IAS 7. Show any additional disclosures also required by the standard in so far as the information permits. (Total marks 22)