You have been asked to prepare the statement of cash flows for Velani Ltd for the year ended 30 September 2019.

The most recent statement of comprehensive income and statement of financial position (with comparatives for the previous year) of Velani Ltd are set out below.

Velani Ltd Statement of comprehensive income for the year ended 30 September 2019

Continuing operations					'000
Revenue					53,600
Cost of sales					(36,420)
Gross profit					17,180
Dividends received					45
Profit on disposal of property, plant and equipment					(110)
Distribution costs					(11,163)
Administrative expenses					(4,032)
Profit from operations					1,920
Finance costs					(109)
Profit before tax					1,811
Tax					(347)
Profit for the period from continuing operations					1,464

		2019	2018
		'000	'000
ASSETS
Non-current assets
Property, plant and equipment		12,832	9,911
Current assets
Inventories		5,057	5,168
Trade and other receivables		5,341	4,730
Cash and cash equivalents		0	1360
		10,398	11,258
Total assets		23,230	21,169
EQUITY AND IABILITIES
Equity
Share capital		8,000	6,000
Share premium		2,000	1,000
Retained earnings		6,052	5,183
Total equity		16,052	12,183
Non-current liabilities
Bank loans		0	2,280
		0	2,280
Current liabilities
Trade payables		6,721	6,410
Tax liabilities		347	296
Bank overdraft		110	0
		7,178	6,706
Total liabilities		7,178	8,986
Total equity and liabilities		23,230	21,169

Further information

1. The total depreciation charge for the year was 1,520,000.
2. Property, plant and equipment costing 450,000 with accumulated depreciation of 210,000 was sold in the year.
3. All sales and purchases were on credit. Other expenses were paid for in cash.
4. A dividend of 595,000 was paid during the year.

Requirements:

Prepare the statement of cash flows for Villani Ltd for the year ended 30 September 2019 in accordance with IAS 7