=+Summarised Statements of Comprehensive Income for the Years Ended 31 December 1994 1993

€’000 €’000 €’000 €000 Revenue 24,350 23,100 Purchases 16,100 16,000 Inventory movement 350 16,450 (400) 15,600 Gross profit 7,900 7,500 Depreciation 100 85 Other operating expenses 6,400 6,365 Interest payable 300 6,800 250 6,700 728 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Net profit before tax 1,100 Income tax expense (300)

Net profit after tax 800 Dividends (500) 500 Balance Sheet as at 31 December 1994

€°000 Assets Non-current assets 420 Inventories Dell Trade receivables 3,600 Bank 650 qa 13,150 Equity and Liabilities Share capital 4,000 Revaluation reserve 1,000 Retained earnings 680 10% debentures 3,000 Bank overdraft -

Trade payables 3,600 Taxation 370 Dividends 500 Total equity and liabilities 13,150