The financial statements of CJ for the year to 31 March 2006 were as follows:

Income statement for the year to 31 March 2006
..............................................................................$000
Revenue ....................................................................... 31 000
Cost of sales ................................................................. (19 000)
Gross profit ................................................................... 12 000
Other income .....................................................................200
Administrative expenses ................................................... (3 900)
Distribution costs ............................................................ (2 600)
.................................................................................... 5 700
Finance cost .................................................................. (1 302)
Profit before tax ............................................................... 4 398
Income tax expense .......................................................... (2 099)
Profit for the period ............................................................ 2 299
Additional information:
[i) O n 1 April 2005, CJ issued 10 000 000 $0.50 ordinary shares at a premium of 100%.
[ii) No additional available for sale investments were acquired during the year.
[iii) On 1 July 2005, CJ repaid $6 000 000 of its interest bearing borrowings.
[iv) Properties were revalued by $1 500 000 during the year.
[v) Plant disposed of in the year had a net book value of $95 000; cash received on disposal was $118 000.
[vi) Depreciation charged for the year was properties $2 070 000 and plant and equipment $1 985 000.
[vii) The trade and other payables balance includes interest payable of $650 000 at 31 March 2005 and
$350 000 at 31 March 2006.
[viii) Dividends paid during the year, $800 000 comprised last year's final dividend plus the current year's interim dividend. CJ's accounting policy is not to accrue proposed dividends.
[ix) Other income comprises:
........................................................................................... $
Dividends received ................................................................ 180 000
Gain on disposal of available for sales investments........................... 200 000
(x) Income tax expense comprises
.............................................................................................. $
Corporate income tax .............................................................. 1900 000
Deterred tax ........................................................................... 199 000
........................................................................................ 2099 000
Required:
Prepare CJ's statement of cash flow for the year ended 31 March 2006, in accordance with IAS 7, Statements of Cash Flows.
(CIMA paper, Financial Accounting and Tax Principles - May 2006)

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Balance sheets at 31 March 2006 31 March 2005 5000 5000 Non-current tangible assets Property Plant and equipment Available for sale investments 19 160 8 500 1500 18 000 10 000 2 100 29 160 30 100 Current assets: Trade receivables Cash at bank Cash in hand 2 714 2 106 6 553 2 500 1 800 11 782 40 942 4 620 34 720 Total assets Equity and liabilities Equity: Ordinary share $0.50 each Share premium 12000 10 000 2 7 000 5 000 Balance sheets at 31 March 2006 31 March 2005 $000 Revaluation reserve Retained profit 4200 3 009 2 700 1 510 16 210 29 209 Non-current liabilities: Interest bearing borrowings Provision for deferred tax Current liabilities Bank overdraft Trade and other payables Corporate income tax payable 7 000 13 000 7 999 13 800 1 820 1914 1200 1 700 1 810 3 734 40 942