The following trial balance has been extracted from the books of Walrus plc as at 31 March 2020:

The following information is also available:
1. Non-depreciable land was valued at £300,000 on 31 March 2020 and this valuation is to be incorporated into the accounts for the year to 31 March 2020.

2. The company's depreciation policy is as follows:

In all cases, a full year's depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal. None of the assets had been fully depreciated by 31 March 2019.

3. On 1 February 2020, a vehicle used entirely for administrative purposes was sold for £10,000. The sale proceeds were banked and credited to a disposal account but no other entries were made in relation to this disposal. The vehicle had cost £44,000 in August 2016. This was the only disposal of a non-current asset made during the year to 31 March 2020.
4. Depreciation is apportioned as follows

5. The company's inventory at 31 March 2020 is valued at £119,000.
6. Trade receivables include a debt of £8,000 which is to be written off. The allowance for receivables is to be adjusted to 4% of the receivables which remain after this debt has been written off.
7. Corporation tax for the year to 31 March 2019 was over-estimated by £6,000. The corporation tax liability for the year to 31 March 2020 is estimated to be £30,000.
8. One-quarter of wages and salaries were paid to distribution staff and the remaining three-quarters were paid to administrative staff.
9. General administrative expenses include bank overdraft interest of £9,000.
10. A dividend of 10p per ordinary share was paid on 31 December 2019. No further dividends are proposed for the year to 31 March 2020.

Required:
Prepare the following financial statements for Walrus plc in accordance with the requirements of international standards:
(a) A statement of comprehensive income for the year to 31 March 2020
(b) A statement of financial position as at 31 March 2020
(c) A statement of changes in equity for the year to 31 March 2020. (CIPFA)

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Land, at cost Buildings, at cost Equipment, at cost Vehicles, at cost Goodwill, at cost Accumulated depreciation at 1 April 2019: Buildings Equipment Vehicles Inventory at 1 April 2019 Trade receivables and payables Allowance for receivables Bank balance Corporation tax Ordinary shares of £1 each Retained earnings at 1 April 2019 Sales Purchases Directors' fees Wages and salaries General distribution costs General administrative expenses Dividend paid Rents received Disposal of vehicle £000 120 250 196 284 300 107 183 488 150 276 101 186 20 2,661 £000 90 76 132 117 8 57 6 200 503 1,432 30 10 2,661