fpsminer

c) You are a financial accountant for Spaghetti plc, a listed group. The financiacontroller has asked you to produce the consolidated statement of cash flows forthe year ended 31 December 2018 and has provided the following information:
(1) Extracts from Spaghetti plc's statement of financial position as at 31 December.

(2) During the year Spaghetti plc disposed of a subsidiary called Artichoke Ltd. The assets of Artichoke Ltd at the date of disposal were:

Non-controlling interest is valued using the fair value method and at the date ofdisposal was valued at f120.000.
(3) During the year ended 31 December 2018 Spaghetti plc:made a profit for the year ofE1,035,000, of which E200,000 was attributableto the non-controlling interest
paid ordinary dividends
sold a machine for E829,000. The cost at acquisition was f1,600,000 and accumulated depreciation E700000charged depreciation of E314,000

(i) As far as the information provided allows, prepare the following extracts fromSpaghetti plc's Consolidated Statement of Cash Flows:
Cash generated from operationsCash flows from financing activities
You should ignore tax for the purposes of this question
(15 marks)
(i)Explain why it is necessary to produce a consolidated statement of cash flows inaddition to the consolidated statement of financial position and consolidatedstatement of profit or loss
(5 marks)