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 2007 amounted to £54m.

5 Dividends were paid on ordinary shares of £300m in 2006 and £400m in 2007.

Required:

Prepare a cash flow statement for Blackstone plc for the year ended 31 March 2007. (Hint: A loss (deficit) on disposal of non-current assets is simply an additional amount of depreciation and should be dealt with as such in preparing the cash flow statement.)

Simplified financial statements for York plc are as follows:

York plc