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 2013. These products now account for 60 per cent of its sales revenue.

Required:
Prepare a statement of cash flows for Blackstone plc for the year ended 31 March 2018.

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Income statement for the years ended 31 March 2017 2018 Notes m m Revenue 7,003 11,205 Cost of sales (3,748) (5,809) Gross profit 3,255 5,396 Operating expenses (2,205) (3,087) Operating profit 1,050 2,309 Interest payable 1 (216) (456) Profit before taxation 834 1,853 Taxation (210) (390) Profit for the year 624 1,463