The following are the financial statement JNC Ltd. for the year ended 31 March 2020:

JNC Ltd.
Income statement
For the year ended 31 March 2020
	$”M”
Revenue	1276.50
Cost of sales	(907.00)
	369.50
Distribution costs	(62.50)
Administrative expenses	(132.00)
	175.00
Interest received	12.50
Interest paid	(37.50)
	150.00
Tax	(70.00)
Profit after tax	80.00

JNC Ltd.
Statement of financial position as at 31 March
	2020	2019
	$”M”	$”M”
ASSETS:
Non- current assets:
Property, plant and equipment	190	152.5
Intangible assets	125	100
Investments		12.5
Current assets:
Inventories	75	51
Receivables	195	157.5
Short-term investment	25
Cash in hand	1	0.5
Total assets	611	474
Equity and liabilities:
Equity:
Share capital
(10 million ordinary shares of $ 10 per value)	100	75
Share premium	80	75
Revolution reserve	50	45.5
Retained earnings	130	90
Non-current liabilities:
Loan	85	25
Current liabilities:
Trade payables	63.5	59.5
Bank overdraft	42.5	49
Tax	60	55
Total equity and liabilities	611	474

Additional information:

1. During the year, the investments classified as non- current assets were sold. The proceeds of the sale of these investments amounted to $ 15 million.

2. Fixtures and settings, with an original cost of $ 42.5 million and a carrying amount of $ 22.5 million were sold for $ 16 million during the year.

3. The following information relates to property, plant and equipment:

                                                           31 March 2020      31 March 2019

                                                                   $”Million”        $”Million”

         Cost                                                     360                297.5

         Accumulated depreciation.         (170)               (145.0)

         Carrying amount                              190                  152.5

4. 2.5 million ordinary shares of $. 10 par value were issued during the year at a premium of $. 2.0 per ordinary shares.

5. Dividends totaling $ 40 million were paid during the year.

Required:

Statement of cash flows for the year ended 31 March 2020.