The following financial statements for Brownstone plc are a slightly simplified set of published accounts. Brownstone plc is an engineering business that developed a new range of products in 2007. These products now account for 60 per cent of its turnover.

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Revenue Cost of sales Gross profit Operating expenses Operating profit Interest payable Profit before taxation Taxation Profit for the year Income statement for the years ended 31 March Current assets Inventories ASSETS Non-current assets Property, plant and equipment Intangible assets Trade receivables Cash at bank Total assets Notes 1 Statements of financial position as at 31 March Notes 23 2 2009 m 7,003 (3,748) 3,255 (2,205) 1,050 3 (216) 834 (210) 624 2009 m 4,300 4,300 1,209 641 123 1,973 6,273 2010 m 11,205 (5,809) 5,396 (3,087) 2,309 (456) 1,853 (390) 1,463 2010 m 7,535 700 8,235 2,410 1,173 3,583 11,818