Torrent plcs income statement for the year ended 31 December 2010 and the statements of financial position

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Torrent plc€™s income statement for the year ended 31 December 2010 and the statements of financial position as at 31 December 2009 and 2010 are as follows:

Income statement for the year ended 31 December 2010 £m Revenue 623 Cost of sales (353) Gross profit Distribution expen

During 2010, 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.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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