Statement of Cash Flow

Question:
Balance Sheet
2016 2015
‘000 ‘000
Non-current assets 1,048 750
Accum’ Depreciation 190 120
———– ———
858 630
Current Assets
Inventory 98 105
Trade Receivable 102 86
Dividend Receivable 57 50
Cash 42 18
———- ———
299 259
Total Assets 1,157 889

Capital and reserves
Share Capital 200 120
Share Premium 106 80
Revaluation Reserve 212 12
Retained Earnings 283 226
———- ———
801 438

Non-current Liabilities
Loan 200 300

Current Liabilities
Trade Payables 77 79
Interest Accrual 3 5
Tax Payable 76 67
———- ———
156 151
Total Liabilities 1,157 889
_______________________________________________________________________

Statement of Profit or Loss
‘000
Sales Revenue 1,100
Cost Of Sales (678)
———
Gross Profit 422
Operating Expenses (309)
Operating Profit 113
Inventment income
-interest 15
-dividend 57
Finance Charge (22)
Income Tax (71)
——–
Net Profit for the Year 92
——–
-Operating Expenses include a loss on disposal of non-current assets of 5,000
-During the year which originally cot 80,000 and with depreciation of 15,000 was disposal of.
_______________________________________________________________________
Answer:
Net Profit Before Tax 163
Adj: Depreciation 85
loss on sale 5
Dividend Received (50)
Interest Expense 24
Interest Received (15)
Dividend Paid 35
———
247
Decrease in Inventory 7
Increase in Receivable(16)
Increase in Payable 9
———-
247
Interest Paid (24)
Tax Paid (62)
———-
161
Purchase on non-current assets (178)
Proceeds on sale 60
Interest Received 15
Dividend Received 50
———
-53
Share Capital 106
Repayment of loan (100)
Dividend Paid (35)
———-
-29

Cash Equivalents 79
Cash Equivalents at the beginning of period 18
——-
Cash Equivalents at the end of period 61
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Is my ANSWER and FORMAT for indirect method correct? Thanks so much=)