Set out the Statement of income of Magnolia plc shown in paragraph 9.16 above on format 2 as illustrated in IAS 1.

Data from income Statement paragraph 9.16:

Transcribed Image Text:

Statement of income for the year ended 31 March 2011 Sales revenue Cost of salesbi Gross profit Distribution costsbii Administrative expenses Profit from operation Disposal of machine Impairment of brandd Dividend received Finance cost Preference dividendf Profit before taxation Taxation Profit after taxation £'000 3,739 (2,478) 1,261 (300) (509) 452 (15) (140) 20 (16) (24) 277 (61) 216