Chen plc’s income statements for the years ended 31 December 2019 and 2020 and the statements of financial position as at 31 December 2019 and 2020 are as follows:

Included in ‘cost of sales’, ‘distribution expenses’ and ‘administrative expenses’, depreciation was as follows:

There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in each year. Dividends were paid totalling £18 million in each year.

Required:

Prepare a statement of cash flows for the business for 2020.

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Income statements for the years ended 31 December 2019 and 2020 2019 2020 £m £m 207 153 (101) 106 Revenue Cost of sales Gross profit Distribution expenses Administrative expenses Operating profit Interest payable Profit before taxation Taxation Profit for the year Statements of financial position as at 31 December 2019 and 2020 ASSETS Non-current assets Property, plant and equipment Land and buildings Plant and machinery Current assets Inventories Trade receivables Cash at bank and in hand Total assets (22) (20) 64 60 (16) 44 2019 £m 110 62 172 24 26 19 (76) 77 69 241 (20) (28) 29 25 19 2020 £m 130 56 186 25 25 50 236