below are two balance sheets for throup ltd for the most recent and the previous yea 611352

Below are two balance sheets for Throup Ltd for the most recent and the previous year’s trading periods.

Throup Ltd Balance Sheets at financial year end

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below are two balance sheets for throup ltd for the most recent and the previous yea 611352
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Year ended
31 December 2015

Year ended

31 December 2016

£

£

£

£

£

£

Non-current assets

Cost

Dep.

NBV

Cost

Dep.

NBV

Property

180,000

10,000

170,000

180,000

14,000

166,000

Equipment and machinery

23,000

4,500

18,500

44,000

11,310

32,690

203.000

14.500

188.500

224,000

25,310

198,690

Current assets

Inventory

5,630

12,131

Trade receivables

6,432

6,265

Cash and cash equivalents

2,300

11,888

14,362

30,284

Current liabilities

Trade payables

11,991

1,321

Tax owing

7,871

19,862

(5,500)

5,453

6,774

23,510

183,000

222,200

Non-current liabilities

10% Debentures

20,000

183,000

202,200

Equity

Ordinary share capital

100,000

100,000

Share premium
account

20,000

20,000

Retained earnings

63,000

82,200

183,000

202.200

The folioing extract from the income statement is available:

Extract from income statement for year ended 31 Dec 2016

£

Operating profit

34,950

Less Interest

2,000

Profit before interest

32,950

Taxation

11,250

Profit for the year

21,700

In addition, the following information is available:

•Dividends of £2,500 were paid during the year.

•There were no sales of non-current assets during the year.

From the above information, construct a statement of cash flows for the year ended 31 December 2016.

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