Rose Limited operates a small chain of retail shops. Abbreviated and unaudited financial statements are given below.

Required: Prepare a value added statement for the year ended 31 March this year.

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Profit and loss accounts for the years ended 31 March Last year This year 000 000 000 000 Revenue 7,800 12,080 Cost of sales (4,370) (6,282) Gross profit 3,430 5,798 Labour costs (2,106) (2,658) Depreciation Other operating costs (450) (92) (625) (1,003) (2,648) (4,286) Net profit before interest 782 1,512 Dividend paid Interest payable Net profit before tax Tax payable Net profit after tax Retained profit for year (66) 782 1,446 (158) (259) 624 1,187 (250) (300) 374 887 Retained profit brought forward 498 872 Retained profit carried forward 872 1,759