Cash Flow Statement

Hi John,

I just can’t work out how to calculate payments to acquire non current assets. The answer is 24340 which needs to be subtracted from the cash fow statement. Any help would be much appreciated.

The following information relates to Geofrost, a limited liability company, for the year ended 31 October 20X7.
Extracts from the statement of profit or loss for the year ended 31 October 20X7

$’000
Profit before tax
15,000
Less tax
4,350
Profit for the year
10,650

Statement of financial position as at 31 October
20X7. 20X6
$’000. $’000
Assets
Non-current assets
44,282. 26,574
Current assets
Inventory
3,560. 9,635
Receivables
6,405. 4,542
Cash
2,045. 1,063
12,010. 15,240
Total assets
56,292. 41,814
Equity and liabilities
Capital and reserves
Ordinary share capital
19,365. 17,496
Retained earnings
17,115. 6,465
36,480. 23,961
Non-current liabilities
Loan
8,000. 10,300
Current liabilities
Bank overdraft
1,230. 429
Trade payables
7,562. 4,364
Taxation
3,020. 2,760
11,812. 7,553
Total equity and liabilities
56,292. 41,814
Additional information:
(1). Depreciation expense for the year was $4,658,000
(2) Assets with a carrying value of $1,974,000 were disposed of at a profit of $720,000
Complete the cash flow statement of cash flows for the year ended 31 October 20X7 for Geofrost.