Page 155 - F1 Integrated Workbook STUDENT 2018

Introduction to Single Entity Accounts including Statement of
Cashflows

Additional information:

 Profit from operations is after charging depreciation on the property, plant
and equipment of $22 million and amortisation on the intangible assets of
$7 million. The revaluation reserve relates wholly to property, plant and
equipment.

 During the year ended 31 March 20X1, plant and machinery costing
$1,464 million, which had a carrying amount of $424 million, was sold for
$250 million.

 During the year ended 31 March 20X1 25 million 20c shares were issued
at a premium of $2.80.

 Dividends paid during the year were $49 million.

Required:

Produce a statement of cash flows for Pincer for the year ended 31
March 20X1 in compliance with IAS 7 Statement of Cash Flows using the
indirect method.

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