Torrent plc's income statement for the year ended 31 December 2007 and the balance sheets as at
Question:
Torrent plc's income statement for the year ended 31 December 2007 and the balance sheets as at 31 December 2006 and 2007 are as follows:
During 2007, 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 cash flow statement for Torrent plc for the year ended 31 December 2007.
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Related Book For
Financial Accounting For Decision Makers
ISBN: 9781405888219
5th Edition
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
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