Rumpus plc is a public listed manufacturing company. Its summarized consolidated financial statements for the year ended 31 March 2014 (and 2013 comparatives where relevant) are as follows:
Rumpus plc: Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 March 2014:
.................................................................... ‚¬ million
Revenue .............................................................. 310
Cost of sales ....................................................... (270)
Gross profit ........................................................... 40
Distribution costs ................................................... (10)
Administrative expenses ........................................... (29)
Share of profit for year from associate ............................ 14
Finance costs .......................................................... (6)
Profit (loss) before taxation ......................................... 9
Income tax expense ................................................. (3)
Profit for the year .................................................... 6
Other comprehensive income (net of tax)
Items that will not be reclassified to profit or loss:
Revaluation gains on group property ............................ 13
Share of revaluations gains from associate's property .......... 4
........................................................................ 17
Total comprehensive income for the year ........................ 23
Profit for the year attributable to:
Owners of the parent .................................................. 5
Non-controlling interest ................................................ 1
............................................................................. 6
Total comprehensive income for the year attributable to:
Owners of the parent ................................................ 22
Non-controlling interest .................................. 1
........................................................................... 23
Rumpus plc: Consolidated Statements of Financial Position as at 31 March:

The following additional information is available:
(i) The group acquired an 80% interest in Sacker plc during the year on the following terms:
— Cost of purchase of 80% of the equity shares of Sacker plc was ‚¬45 million.
— The agreed payment for the purchase was settled by issuing 25 million equity shares valued at ‚¬35 million plus cash of ‚¬10 million.
— The non-controlling interest was fair-valued at ‚¬11 million on the acquisition date.
— The net assets of Sacker plc at the acquisition date consisted entirely of the following:
— property plant & equipment ‚¬33 million;
— inventory ‚¬8 million;
— cash ‚¬6 million.
Sacker plc was correctly accounted for and fully consolidated in the above financial statements.
(ii) No disposals of non-current assets took place during the year.
(iii) Depreciation charged to cost of sales during the year amounted to ‚¬41 million.
(iv) The group purchased an interest in an associate company for cash of ‚¬13 million during the year.
(v) Equity dividends were paid during the year out of retained earnings.
(vi) Goodwill was tested for impairment at the reporting date. An impairment loss was recognized and charged to expenses.
Required:
(a) Prepare a consolidated statement of cash flows for year ended 31 March 2014 in accordance with IAS 7.
(b) Evaluate the liquidity position of Rumpus plc as portrayed by the above financial statements and the statement of cash flows you have prepared.

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2014 2013 € million € million Non-current assets: Property, plant and equipment 290 245 Goodwill Investments in associates 64 40 360 285 Current assets: Inventory and work-in-progress 22 19 Trade receivables 42 28 Cash & cash equivalents 18 82 48 Total assets 442 333 Equity: Equity shares of €l each 160 106 2014 2013 € million € million Share premium 39 Revaluation reserve 62 45 Retained earnings 68 65 329 216 Non-controlling interests 23 14 352 230 Non-current liabilities: 1 2% debentures 2016 Long-term provisions 50 50 12 62 57 Current liabilities: Trade payables Current tax payable 23 33 13 28 46 Total equity and liabilities 442 333