Prepare a cash flow statement for blackstone plc

Reference no: EM131436262

Question: 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 2004; these now account for 60 per cent of its turnover.

1792_Balance sheet 31 March.jpg

923_Income statement.jpg

Proceeds from the sale of non-current assets in the year ended 31 March 2006 amounted to £54 million.
Required: Prepare a cash flow statement for Blackstone plc for the year ended 31 March 2006. (Hint: A loss (deficit) on disposal of non-current assets is simply an additional amount of depreciation and should be dealt with as such in preparing the cash flow statement.)

Reference no: EM131436262

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