Torrent plc’s income statement for the year ended 31 December 2006 and the balance sheets as at 31 December 2005 and 2006 are as follows:

Income statement

£m £m Revenue 623 Less Cost of sales 353 Gross profit 270 Less Distribution costs 71 Administrative expenses 30 101 169 Rental income 27 Operating profit 196 Less Interest payable 26 Profit on ordinary activities before taxation 170 Less Tax on profit on ordinary activities 36 Profit on ordinary activities after taxation 134 Retained profit brought forward from last year 123 257 Less Dividend paid on ordinary shares 60 Retained profit carried forward 197 Balance sheets as at 31 December 2005 and 2006 2005 2006

£m £m Non-current assets Property, plant and equipment Land and buildings 310 310 Plant and machinery 325 314 635 624 Current assets Inventories 41 35 Trade receivables 139 145 180 180 Current liabilities Bank overdraft 56 89 Trade payables 54 41 Corporation tax 23 18 133 148 Net current assets 47 32 Total assets less current liabilities 682 656 Less Non-current liabilities Debenture loans 250 150 432 506 Equity Called-up ordinary share capital 200 300 Share premium account 40 –

Revaluation reserve 69 9 Retained earnings 123 197 432 506 During 2006, the business spent £67 million on additional plant and machinery. There were no other non-current asset acquisitions or disposals.
There was no share issue for cash during the year. The interest payable expense was equal in amount to the cash outflow.
Required:
Prepare the cash flow statement for Torrent plc for the year ended 31 December 2006.