The following information is available about the plant, property and equipment of Y Co, for the year to 31 December .
| $'000 | |
| OB Carrying value of assets at beginning of the year | 380 |
| OB Carrying value of assets at end of the year | 570 |
| Increase in revaluation surplus during the year | 300 |
| Disposals during the year, at cost | 76 |
| Accumulated depreciation on the assets disposed of | 30.4 |
| Depreciation charge for the year | 350 |
What will be included in Cash Flows from investing activities for the year, in a statement of Cash Flows that complies with IAS7 Statements of Cash Flows?
SUGGESTED SOLUTIONS| $'000 | $'000 | ||
| Opening balance | 380 | Carrying value of Disposal | 45.6 |
| Revaluation Surplus | 300 | Annual Depreciation | 350 |
| Purchase during the year | ??? | ||
| Closing Balance | 570 |
Opening balance + Revaluation surplus + Purchase - Carrying value of disposal -$annual depreciation = Closing balance
Answer = $ 285,600
Purchase (outflow)