Torrent plc’s income statement for the year ended 31 December 2018 and the statements of financial position as at 31 December 2017 and 2018 are as follows:

During 2018, 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. A dividend of £60 million was paid.

Required:

Prepare the statement of cash flows for Torrent plc for the year ended 31 December 2018.

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Income statement for the year ended 31 December 2018 Revenue Cost of sales Gross profit Distribution expenses Administrative expenses Operating profit Interest payable Profit before taxation Taxation Profit for the year £m 623 (353) 270 (44) (30) 196 (26) 170 (36) 134