consolidated cash flow

Facebook Ltd acquired 100% of WhatsApp Ltd’s interest fifteen years ago. In 2011, Facebook bought 40% equity shares in one of its close competitors Instagram plc, and on the 1st of January 2019 Facebook acquired 75% interest in TikTok co. Below is the draft consolidated accounts for the Facebook Group. Draft consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2019 M'000 M'000 Profit generated from operations 8,910 Associate’s share of profit after tax 2,100 Income from long-term investment 930 Interest payable (900) Profits before tax 11,040 Taxes on profit Income tax 2,346 Deferred tax 624 (2,970) Profit after tax for the year 8,070 Profit Attributable to: Parent 7,470 Non-controlling interest 600 8,070 Draft consolidated statement of financial position as at 31 December 2019 2018 2019 M'000 M'000 Assets Non-current assets Tangible assets Buildings (net book value) 13,200 12,450 Machinery @ cost 8,400 18,000 Accumulated depreciation (6,600) (7,200) net book value 15,000 23,250 Goodwill - 600 Investments in associates 6,000 6,600 Long-term investments 2,460 2,460 23,460 32,910 Current assets Inventory 6,000 11,850 Receivables 7,650 11,100 Cash 10,920 27,090 24,570 50,040 48,030 82,950 Equity and liabilities Q P - ASM - 0 0 1 | R e v 0 0 6 E f f D a t e : 1 8 - 0 3 - 2 0 2 1 Page 3 of 7 Equity Share capital: 25 thebe shares 12,000 23,640 Share premium account 12,570 17,298 Retained earnings 15,000 20,670 39,570 61,608 Non-controlling interest – 690 Total equity 39,570 62,298 Non-current liabilities Finance lease obligations 1,020 4,260 Long-term loans 3,000 8,760 Deferred tax 78 180 4,098 13,200 Current liabilities Trade payables 1,680 3,000 Finance lease obligations 1,200 1,440 Income tax 1,302 2,772 Interest accrued and finance charges 180 240 4,362 7,452 48,030 82,950 Note 1. During 2019, there were no acquisitions or disposals of buildings. Machinery was sold for M3m resulting in a M0.6m profit, the machinery originally cost M3m. New machinery was brought in in 2019 which included machinery worth M5.1m acquired under finance lease. 2. Information relating to the acquisition of TikTok co. M'000 Machinery 990 Inventory 192 Trade receivables 168 Cash 672 Trade payables (408) Income tax (102) 1,512 Non-controlling interest (378) 1,134 Goodwill 600 1,734 5,280,000 shares issued as part consideration 1,650 Balance of consideration paid in cash 84 1,734 The loans were issued at a discount in 2019 and their carrying amounts at 31st December 2019 included M240,000 which was representative of finance costs attributable to the discount and allocated in respect of the current reporting period. Required Using the indirect method and as required by IAS 7, prepare a consolidated statement of cash flows for the Facebook Group for the year ended 31 December 2019. Notes to the statement of cash flows are not necessary