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Nola Limited Draws Up Its Statement of Cash Flows Using

question 18

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Nola Limited draws up its statement of cash flows using the direct method. The company presents the following balances in its financial statements for the years ended 31 May 2019 and 31 May 2018:
20192018££ Depreciation for the year 38,41533,655 Accruals at the year end 10,1359,429 Total statement of profit or loss expenses 125,693108,342 for the year 7,6558,480 Prepayments at the year end 4,2003,100\begin{array}{lrr}& 2019 & 2018 \\& £ & £ \\\text { Depreciation for the year } & 38,415 & 33,655 \\\text { Accruals at the year end } & 10,135 & 9,429 \\\text { Total statement of profit or loss expenses } & 125,693 & 108,342 \\\text { for the year } & 7,655 & 8,480 \\\text { Prepayments at the year end } & 4,200 & 3,100\end{array} Based on these figures, what was the cash paid for expenses in the financial year ended 31 May 2019?

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