I am having serious difficulty with this question. I am to convert the attached financial statement's statement of cash flows into a US GAAP format. I have the rest of the financial statement as well, but I just cant get my GAAP to balance with this

The Irish National Stud Company Limited STATEMENT OF CASH FLOWS For the Financial Year Ended 31 December 2015 2015 2014 Notes 16 Cash from operations Taxation paid Net cash generated from operating activities 2,322,246 (15,214) 2,307,032 2,098,286 (3,269) 2,095,017 Cash flows from investing activities Payments to acquire stallion shares and breeding stock Receipts from sale of stallion shares and breeding stock Payments to acquire tangible fixed assets Receipts from sale of tangible fixed assets Interest received Net cash used in investing activities (1,690,052) 16,395 (622,436) 32,620 179 (2,263,294) (241,333) 377,037 (494,496) 35,791 628 (322,373) Cash flows from financing activities Repayment of bank borrowings Interest paid Net cash used in financing activities (437,511) (78,449) (515,960) (442,510) (101,569) (544,079) Net (decrease) increase in cash at bank and in hand Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year (472,222) 1,461,525 989,303 1,228,565 232,960 1,461,525 989,303 1,461,525 Cash and cash equivalents consists of: Cash at bank and in hand Short term deposits (included in current asset investments) Cash and cash equivalents 989,303 1,461,525 The Irish National Stud Company Limited PROFIT AND LOSS ACCOUNT For the Financial Year Ended 31 December 2015 2015 2014 Notes Turnover 8,646,280 7,856,308 Cost of Sales (97,230) (260,271) Gross profit 8,549,050 7,596,037 Administration expenses (5,943,304) (5,566,135) Operating profit 2,605,746 2,029,902 Interest payable and similar charges Interest receivable and similar income (106,880) 179 (247,529) 628 OA ww Profit on ordinary activities before tax Tax on profit on ordinary activities 2,499,045 (15,214) 1,783,001 (3,269) Profit for the financial year 2,483,831 1,779,732 BALANCE SHEET As at 31 December 2015 2015 2014 Notes Fixed assets Tangible assets Stallion shares and breeding stock 9,946,215 2,232,973 12,179,188 9,827,461 753,649 10,581,110 Current assets Stocks Debtors Cash at bank and in hand 995,059 5,549,170 989,303 7,533,532 819,787 3,780,101 1,461,525 6,061,413 Creditors - amounts falling due within one year (2,419,512) (1,405,632) Net current assets 5,114,020 4,655,781 Total assets less current liabilities 17,293,208 15,236,891 1991 Creditors - amounts falling due after more than one year (2,040,891) (533,000) 14090,891) (2,431,405) (682,000) Provision for post-employment benefit obligation 20 20 Net assets 14,719,317 12,123,486 Capital and reserves 14 Called up share capital presented as equity Profit and loss account Total equity 13,768,724 950,593 14,719,317 13,768,724 (1,645,238) 12,123,486 15 Capital grants 2015 2014 At 1 January Amortisation At 31 December 252,895 (10,000) 242,895 262,895 (10,000) 252,895 16 Note to the statement of cash flows 2015 2014 Profit for the financial year Tax on profit on ordinary activities Net interest expense Profit on disposal Operating profit Amortisation of grants Depreciation of tangible fixed assets Post employment benefit less payments Working capital movements: - (Increase) in inventories - (Increase) in debtors - Increase in payables Cash flow from operating activities 2,483,831 15,214 91,270 (24,912) 2,565,403 10,000 712,048 (37,000) 1,779,732 3,269 271,941 (326,402) 1,728,540 10,000 802,567 (193,000) (175,274) (1,769,068) 1,016,137 2,322,246 (13,380) (408,948) 172,507 2,098,286