6.3 Torrent ple'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: Income statement for the year ended 31 December 2018 m Revenue 623 Cost of sales (353) Gross profit 270 Distribution expenses (71) Administrative expenses (30) Other operating income 27 Operating profit 196 Interest payable (26) Profit before taxation 170 Taxation (36) Profit for the year 134 m Statements of financial position as at 31 December 2017 and 2018 2017 2018 m ASSETS Non-current assets Property, plant and equipment Land and buildings 310 310 Plant and machinery 325 314 635 624 Current assets Inventories 35 Trade receivables 139 145 180 180 Total assets 815 804 EQUITY AND LIABILITIES Equity 41 815 804 Total assets EQUITY AND LIABILITIES Equity Called-up ordinary share capital Share premium account Revaluation reserve Retained earnings 200 300 40 69 123 432 9 197 506 CHAPTER 6 MEASURING AND REPORTING CASH FLOWS 2017 2018 m Em Non-current liabilities Borrowings - loan notes 250 150 Current liabilities Borrowings (all bank overdraft) 56 89 Trade payables 54 41 Taxation 23 18 133 148 Total equity and liabilities 815 804 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 ple for the year ended 31 December 2018