Use IFRS and the following partial data from the financial statements of Coco Ltd for the years ended June 30, 2024 and 2023. (amounts are in Euros)
2024 2023
Statement of Financial Position Data
Inventories 230,000 185,000
Prepayments 14,000 16,000
Trade receivables 52,000 30,000
Cash 15,000 38,000
Trade payables 39,000 44,000
Income tax payable 5,000 4,000
Income Statement Data
Revenue 500,000
Cost of sales (includes depreciation of $6,000) 310,000
Gross profit 190,000
Operating expenses (includes depreciation of $ 6,000) 80,000
Finance costs 21,000
Profit before tax 89,000
Taxes 30,000
Profit after tax 59,000
Required:
What will be the net cash flow from operating activities under the indirect method? (show work)