A The following trial balance has been extracted from the books of Arran plc as at 31 March 2013:

\begin{tabular}{lrr}

Administrative expenses \\

Called-up share capital (all ordinary shares of $£ 1$ each) \\

Cash at bank and in hand \\

Accounts receivable \\

Deferred taxation (at 1 April 2012) & 95 & $£ 000$ \\

\begin{tabular}{l}

Distribution costs \\

Non-current asset investments \\

Income from non-current asset investments \\

Interim dividend paid \\

Overprovision of last year's corporation tax \\

Land and buildings at cost \\

Land and buildings: accumulated depreciation at 1 April 2012 \\

Plant and machinery at cost \\

Plant and machinery: accumulated depreciation at 1 April 2012 \\

Retained profits (at 1 April 2012) \\

Purchases \\

Sales \\

Inventory at 1 April 2012 \\

Trade accounts payable

\end{tabular} & 250 & \\

& 500 & 60 \\

\hline

\end{tabular}

Additional information:
1 Inventory at 31 March 2013 was valued at $£ 150,000$.
2 Depreciation for the year to 31 March 2013 is to be charged against administrative expenses as follows:
$$
\begin{array}{lr}
& £ 000 \\
\text { Land and buildings } & 5 \\
\text { Plant and machinery } & 40 \end{array}
$$
3 Assume that the basic rate of income tax is $30 \%$.
4 Corporation tax of $£ 180,000$ is to be charged against profits on ordinary activities for the year to 31 March 2013.
$5 £ 4,000$ is to be transferred to the deferred taxation account.
6 The company proposes to pay a final ordinary dividend of 30 p per share.
\section*{Required:}
In so far as the information permits, prepare the company's income statement for the year ending 31 March 2013 and a statement of financial position as at that date in accordance with the Companies Acts and related accounting standards. Note: Income statement and statement of financial position notes are not required, but you should show the basis and computation of earnings per share at the foot of the income statement, and your workings should be submitted.
\section*{(Association of Accounting Technicians)}