The statements of financial position of Radar plc at 30 September were as follows:
The following information is available:
(i) An impairment review of the investments disclosed that there had been an impairment of £20,000. (ii) The depreciation charge made in the statement of comprehensive income was £64,000.
(iii) Equipment costing £72,000 was sold for £54,000 which gave a profit of £16,000.
(iv) The debentures redeemed in the year were redeemed at a premium of 25%.
(v) The premium paid on the debentures was written off to the share premium account.
(vi) The income tax expense was £92,000.
(vii) A dividend of £25,000 had been paid and dividends of £17,000 had been received. Required: Prepare a statement of cash flows for the year ended 30 September using the indirect method.