The following financial statements for Blackstone plc are a slightly simplified set of published accounts. Blackstone plc is an engineering business that developed a new range of products in 2016. These products now account for 60 per cent of its sales revenue.

Notes:

1 The expense and the cash outflow for interest payable are equal for each year.

2 The movements in property, plant and equipment during the year are:

Required:

Prepare a statement of cash flows for Blackstone plc for the year ended 31 March 2021.

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Revenue Cost of sales Gross profit Operating expenses Operating profit Interest payable (Note 1) Profit before taxation Taxation Profit for the year ASSETS Non-current assets Property, plant and equipment (Note 2) Intangible assets (Note 3) Current assets Inventories Trade receivables Cash at bank Total assets EQUITY AND LIABILITIES Equity Share capital Share premium Capital reserves Retained earnings 2020 £m 7,003 (3,748) 3,255 (2,205) 1,050 (216) 834 (210) 624 2020 £m 4,300 4,300 1,209 641 123 1,973 6,273 1,800 600 352 685 3,437 2021 £m 11,205 (5,809) 5,396 (3,087) 2,309 (456) 1,853 (390) 1,463 2021 £m 7,535 700 8,235 2,410 1,173 3,583 11,818 1,800 600 352 1,748 4,500