The financial statements of Zetar plc are presented in Appendix F. Instructions for accessing and using the company’s complete annual report, including the notes to its financial statements, are also provided in Appendix F.

Instructions
Use Zetars annual report to answer the following questions.
(a) Does Zetar use a multiple-step or a single-step income statement format? Explain how you
made your determination.
(b) Instead of “interest expense,” what label does Zetar use for interest costs that it incurs?
(c) Using the notes to the company’s financial statements, explain what each of the following are:

(1) Adjusted results.
(2) One-off items.