1. please prepare a statement of cash flow for blackstone plc for the year ended 31 March 2018.

2. why in here the payments to acquire property, plant and equipment is 4,578?

6 10 12 There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in each year. Dividends were paid totalling 18 million in 5.5 The following financial statements for Blackstone pic are a slightly simplified setti published accounts. Blackstone plc is an engineering business that developed a new range of products in 2013. These products now account for 60 per cent of its sales Land and buildings 10 Plant and machinery each year. Required: Prepare a statement of cash flows for the business for 2017. revenue. Income statement for the years ended 31 March 2017 Notes m Revenue 7,003 Cost of sales (3,748) Gross profit 3,255 Operating expenses (2,205) Operating profit 1,050 Interest payable 1 (216) Profit before taxation 834 Taxation (210) Profit for the year 624 2018 m 11,205 (5,809) 5,396 (3,087) 2,309 (456) 1,853 (390) 1,483 Statements of financial position as at 31 March 2017 Em Notes 2018 m ASSETS Non-current assets Property, plant and equipment Intangible assets 2 3 4,300 7,535 700 8,235 4,300 Current assets Inventories Trade receivables Cash at bank 2,410 1,173 1,209 641 123 1,973 6,273 3,583 11,818 Total assets APTER 5 MEASURING AND REPORTING CASH FLOWS Statements of financial position as at 31 March Notes 2017 EQUITY AND LIABILITIES 2018 m m Equity Share capital Share premium 1,800 1,800 Capital reserves 600 600 Retained earnings 352 352 685 1,748 Non-current liabilities 3,437 4,500 Borrowings - bank loan (repayable 2021) Current liabilities 1,800 3,800 Trade payables Taxation 931 1,507 Borrowings (all bank overdraft) 105 195 1,816 1,036 Total equity and liabilities 3,518 6,273 11,818 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: Land and Plant and Fixtures and Total buildings machinery fittings m m m Lm Cost At 1 April 2017 4,500 3,850 2,120 10,470 Additions 2,970 1,608 4,578 Disposals (365) (216) (581 At 31 March 2018 4,500 6,455 3,512 14,467 Depreciation At 1 April 2017 1,275 3,080 1,815 6,170 Charge for year 225 745 281 1.251 Disposals (305) (184) (489) At 31 March 2018 1,500 3,520 1,912 6.932 Carrying amount At 31 March 2018 3,000 2,935 7,535 1,600 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 2018 amounted to 254 million. 5 300 million was paid in dividends on ordinary shares in 2017, and 400 million in 2018. Required: Prepare a statement of cash flows for Blackstone plc for the year ended 31 March 2018. 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 statement of cash flows.)