15.4A The statements of financial position and additional information relating to Pennylane Ltd are given below. Prepare a statement of cash flows for Pennylane Ltd for the year ending 31 Decem- ber...

Extracted text: 15.4A The statements of financial position and additional information relating to Pennylane Ltd are given below. Prepare a statement of cash flows for Pennylane Ltd for the year ending 31 Decem- ber 2016 as required under IAS 7 using the indirect method. Pennylane Ltd Statements of Financial Position as at 31 December 2016 2015 £000 £000 Non-current assets Tangible assets Intangible assets Investments 400 325 230 180 25 530 630 Current assets Inventory Accounts receivable 90-day deposit 120 104 400 50 295 Cash in hand 10 580 403 1,210 Total assets Current liabilities Trade accounts payable Bank overdraft 933 122 108 188 185 Taxation 120 430 110 403 Non-current liabilities Long-term loan Deferred tax 100 80 180 610 600 60 60 463 470 Total liabilities Net assets Equity Share capital (£1 ordinary shares) Share premium Revaluation reserve 200 160 150 150 100 90 Retained profits 140 80 600 470 Additional information: (a) During the year interest of £75,000 was paid, and interest of £25,000 was received. (b) The following information relates to tangible non-current assets: At 31 December 2016 2015 £000 E000 Cost 740 615 Accumulated depreciation Net book value (340) 400 (290) 325 () The proceeds of the sale of non-current asset investments were £30,000. (d) Plant, with an original cost of £90,000 and a net book value of £50,000, was sold for £37,000. (e) Tax paid to Revenue and Customs during 2016 amounted to f110,000. () Dividends of £80,000 were paid during 2016.