The following are extracts from the balance sheets of a company:
|
M at 31 Dec 2013 |
Mat 31 Dec 2014 |
|||
|
Non-current assets |
||||
|
Land and property |
800 |
1,000 |
||
|
Plant and equipment at cost |
250 |
300 |
||
|
Less depreciation |
130 |
120 |
150 |
150 |
|
Motor vans at cost |
50 |
64 |
||
|
Less depreciation |
18 |
32 |
22 |
42 |
•There were no purchases of land and property during the year.
•During the year, plant and equipment costing £60,000 and with a book value of £27,000 were sold for a loss of £5,000.
•Vans, which had cost £8,000, with a book value of £4,000, were sold for neither a profit nor a loss.
From the above data, calculate the amount to include in the statement of cash flows under the heading ‘cash flow from investing activities’.