=+618 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Statement of Comprehensive Income for the Year Ended 31 December 2003 SUGAR ple CUBE inc.

€000 €’000 $000 $000 Revenue 160,000 — £21000 Cost of sales:

Opening inventory 35,000 30,000 Purchases 80,000 71,000 Closing inventory (30,000) (85,000) (36,000) (65,000)

Gross profit 75,000 60,000 Distribution costs (25,000) (20,000)

Administrative expenses (20,000) (12,000)

Operating profit \ 30,000 28,000 Dividend receivable 6,000 :

Interest payable (4,000) (3,000)

Profit before tax 32,000 25,000

‘Taxation (10,000) (8,000)

Profit after tax 22,000 17,000 Proposed dividends (10,000) (12,000)

Retained profit for year 12,000 5,000 Statement of Financial Position as at 31 December 2003 SUGAR plc CUBE inc.

€'000 €000 $000 $000 ASSETS Non-current Assets:

Property, plant and equipment 60,000 50,000 Investments 15,000 75,000 - 50,000 Current Assets Inventory 25,000 40,000 Trade receivables 28,000 35,000 Dividends receivable 6,000 is Cash at bank 1,000 60,000 = 75,000 135,000 125,000