Torrent plc's income statement for the year ended 31 December 2015 and the statements financial position as at 31 December 2014 and 2015 are as follows: Statements of financial position as at 31 December 2014 and 2015 Income statement for the year ended 31 December 2015 2014 2015 m m ASSETS m Non-current assets Revenue 623 Property, plant and equipment Cost of sales (353) Land and buildings 310 310 Gross profit 270 Distribution expenses (71) Administrative expenses (30) Plant and machinery Current assets Inventories 325 314 635 624 Rental income 27 Trade receivables Operating profit 196 Interest payable (26) Total assets 41 35 139 145 180 180 815 804 EQUITY AND LIABILITIES Profit before taxation 170 Equity Taxation Profit for the year (36) 134 Called-up ordinary share capital 200 300 Share premium account 40 Revaluation reserve 69 Retained earnings 123 432 506 During 2015, the business spent 69 million on additional plant and machinery. There were no other non-current asset acquisitions or disposals. There was no share issue for cash during the year. The interest payable expense was equal in amount to the cash outflow. A dividend of 60 million was paid. Companies pay 50 per cent of their tax during their accounting year and 50 per cent in the following year. Required Prepare the statement of cash flows for Torrent plc for the year ended 31 December 2015. Non-current liabilities Borrowings-loan notes 250 150 Current liabilities Borrowings (all bank overdraft) 56 Trade payables 54 Taxation 23 133 148 Total equity and liabilities 815 804 'g g & 89 41 18