Torrent plcs income statement for the year ended 31 December 2017 and the statements of financial position
Question:
Torrent plc’s income statement for the year ended 31 December 2017 and the statements of financial position as at 31 December 2016 and 2017 are as follows:
During 2017, the business spent £67 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.
Required:
Prepare the statement of cash flows for Torrent plc for the year ended 31 December 2017.
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Related Book For
Accounting And Finance For Non-Specialists
ISBN: 9781292244013
11th Edition
Authors: Eddie McLaney, Peter Atrill
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