6.4 Chen ple's income statements for the years ended 31 December 2017 and 2018 and the state- ments of financial position as at 31 December 2017 and 2018 are as follows: Income statements for the years ended 31 December 2017 and 2018 2017 2018 m Em Revenue 207 153 Cost of sales (101) (76 Gross profit 106 77 Distribution expenses (22) (20) Administrative expenses (20) (28) Operating profit 64 29 Interest payable Profit before taxation 60 25 Taxation (16) Profit for the year 44 19 () WmS Statements of financial position as at 31 December 2017 and 2018 2017 2018 Em m ASSETS Non-current assets Property, plant and equipment Land and buildings Plant and machinery 110 62 172 130 56 186 25 25 Current assets Inventories Trade receivables Cash at bank and in hand 24 26 19 69 241 50 236 Total assets EXERCISES 2017 m 2018 m EQUITY AND LIABILITIES Equity Called-up ordinary share capital Retained earnings 100 56 156 100 57 157 40 40 Non-current liabilities Borrowings - loan notes (10%) Current liabilities Borrowings (all bank overdraft) Trade payables Taxation 2. 34 37 8 45 241 Total equity and liabilities 39 236 Included in 'cost of sales', 'distribution expenses' and 'administrative expenses', depreciation was as follows: 2017 2018 m m Land and buildings 6 10 Plant and machinery 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 each year. Required: Prepare a statement of cash flows for the business for 2018