The following financial statements for Blackstone pic are a slightly simplified set of published accounts. Blackstone plc
Question:
The following financial statements for Blackstone pic are a slightly simplified set of published accounts. Blackstone plc is an engineering business that developed a new range of products in 2009. These products now account for 60 per cent of its sales revenue.
Notes:
1 The expense and the cash outflow for interest payable are equal for each year.
2 The movements in property, plant and equipment during the year are:.
3 Intangible assets represent the amounts paid for the goodwill of another engineering business acquired during the year.
4 Proceeds from the sale of non-current assets in the year ended 31 March 2013 amounted to £54 million.
5 £300 million was paid in dividends on ordinary shares in 2012, and £400 million in 2013.
Required:
Prepare a statement of cash flows for Blackstone plc for the year ended 31 March 2013.
Step by Step Answer: