=+On 31 December 2002 David retires from the partnership. The summarised balance sheet of the partnership as

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=+On 31 December 2002 David retires from the partnership. The summarised balance sheet of the partnership as at that date is as follows:

x Summarised Balance Sheet as at 31 December 2002

€°000 €'000 Non-current Assets Property 230 Office equipment 85 Motor vehicles 64 379 Current Assets 55 Cash at bank 18 73 452 Capital accounts pre Bob 168 Chris 140 David 120

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