Question 5: Cash Flow Statement Retrospec plc's cash flow statement for the most recent year is shown below. Retrospec plc Statement of Cash Flows for the year ended 31 December 2020 m Cash Flows from operating activities Loss after interest and before taxation Adjustments Increase in trade receivables Increase in trade payables Decrease in inventories Depreciation Loss on sale of fixed assets Interest receivable Interest expense Cash generated from operations Interest paid Interest received Taxation paid Dividends paid Net cash from operating activities Cash flows from investing activities Purchase of intangible assets Sale of fixed assets Net cash used in investing activities Cash flows from financing activities Issuance of loan notes Repurchase of ordinary shares Net cash used in financing activities (112) (28) 41 24 76 12 (2) 55 66 (48) 7 (20) (44) (39) (52) 98 46 104 (24) 80 Net change in cash and cash equivalents Cash & cash equivalents, beginning of the year Cash and cash equivalents, end of the year 87 18 105