The following information has been extracted from the accounting records of Sycamore Ltd for the year ended 30 June 2003.

Required:
Prepare a current cost profit and loss account for Sycamore Ltd for the year ending 30 June 2003.

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Revenue 9,000,000 Historical cost trading profit 4,000,000 Interest paid 500,000 Corporation tax charge for the year 1,500,000 Ordinary dividend proposed 600,000 Additional depreciation adjustment 200,000 Cost of sales adjustment 800,000 Monetary working capital adjustment 370,000 L Gearing adjustment:- 20% L+S