Torrent plcs income statement for the year ended 31 December 2021 and the statements of financial position

Question:

Torrent plc’s income statement for the year ended 31 December 2021 and the statements of financial position as at 31 December 2020 and 2021 are as follows:

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During 2021, 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 2021.

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Financial Accounting For Decision Makers

ISBN: 9781292409184

10th Edition

Authors: Peter Atrill, Eddie McLaney

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