Question 3 Open with Consolidated statement of cash flows for the GM Group for the year ended 31 December 2019 $000 S000 5,200 Cash flows from operating activities Profit before tax Adjust for: Depreciation Share of profit of associate Finance costs 3,400 (900) 400 Changes in working capital: Decrease in inventories Decrease in receivables Increase in payables Cash generated from operations Less interest paid Less tax paid Net cash from operating activities 800 1,400 600 10,900 (200) (1,700) 9,000 Cash flows from investing activities Acquisition of property, plant and equipment Acquisition of subsidiary, net of cash acquired (1,350 200) Dividend received from associate Net cash used in investing activities (7,600) (1,150) 300 (8,450) Cash flows from financing activities Proceeds of share issue Dividend paid to shareholders of parent Dividend paid to non-controlling interest Net cash from financing activities 9,000 (2,150) (300) 9.550 Net increase in cash and cash equivalents Cash and cash equivalents at 1 January Cash and cash equivalents at 31 December 2019 10,100 1,800 11,900 Required: Analyse the consolidated statement of cash flows for the GM Group for the year ended 31 December 2019. In your elaboration please provide SEVEN main point to support your answer. (20 marks)