Chenplc’s income statements for the years ended 31 December 2012 and 2013 and the statements of financial position as at 31 December 2012 and 2013 are as follows:

Included in ‘cost of sales’, ‘distribution expenses’ and ‘administrative expenses’, depreciation was as follows:

There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in each year. Dividends were paid totalling £18 million in each year.
Required:
Prepare a statement of cash flows for the business for 2013.

Transcribed Image Text:

Income statements for the years ended 31 December 2012 and 2013 2012 2013 m m Revenue 207 153 Cost of sales (101) (76) Gross profit 106 77 Distribution expenses (22) (20) Administrative expenses (20) (28) Operating profit 64 29 Interest payable Profit before taxation Taxation Profit for the year (4) (4) 60 25 (16) 44 19