A construction company, Expenso Ltd, has the following summaries from the profit and loss accounts and balance sheets for the year ended 30 September 2002.

£000 Turnover 460,750 Cost of Sales (328,123)

Gross Profit 132,627 Other Income Interest received 868 133,495 Expenses includes interest paid £85,000 (123,478)

Profit before Taxation 10,017 Taxation (3,005)

Profit after Taxation Onli Dividends (4,105)

Retained Profit 2,907