the following information has been taken from the financial statement for messe plc for the year ended 31st march 2016. statement of profit or loss and other comprehensive income (extracts) for the year ended 31st march 2016

profit before interest and tax 981

finance cost 108

profit before tax 873

income tax expense 305

profit for the year 568

other comprehensive income

revaluation surplus on property, plant and equipment 418

total comprehensive income 986

statement of financial position as at 31st march 2016

2016 2015

TZS. '000,000' TZS. '000,000'

ASSETS

non current assets:

property, plant and equipment 11,250 10,500

intangibles 500 452

11,750 10,952

current assets:

inventory 840 1,125

trade and other receivables 260 210

investments 38 18

cash and cash equivalents 5 30

1,143 1,383

12,893 12,335

total assets

equity and liabilities

equity:

ordinary share capital 6000 5,250

share premium account 1,800 1,425

revaluation surplus 750 356

retained earnings 2,011 3,369

10,561 10,400

non-current liabilities:

preference share capital(redeemable) 760 600

current liabilities:

trade and other payables 222 210

taxation 600 525

ordinary dividend payable 750 600

1,572 1,335

total equity and liabilities 12,893 12,335

statement of changes in equity for the year ended 31st march 2016 (extract)

retained earnings revaluation surplus

TZS. '000,000' TZS. '000,000'

Balance at 1st April 2015 3,369 356

dividends declared (1,950)

total comprehensive income for the year 568 418

transfer for revaluation surplus to retained earnings 24 (24)

balance at 31st march 2016 2,011 750

the following additional information is relevant:

i) during the year Messe issued both ordinary shares and redeemable preference shares for cash. the later were issued at par.

ii) investments classified as current assets are held for the short term and are readily convertible into the sated amounts of cash on demand.

iii) during the year, Messe sold plant and equipment with a carrying amount of TZS 840,500,000 for TZS 900,000,000. Total depreciation charges for the year amounted to TZS 1,100,000,000. Plant costing TZS 50,000,000 was purchased on credit. the amount is included within trade and other payables.

iv) trade and other payables include accrued interest of TZS. 5,000,000 as at 31st march 2016 (2015:TZS. 10,000,000).

v) intangibles relate to development costs capitalized in accordance with IAS 38: intangible assets. cost amounting to TZS. 70,000,000 were capitalized during the year.

REQUIRED:

Prepare the statement of cash flows for Messe Plc for the year ended 31st March 2016 in accordance with IAS 7: statement of cash flows