12. Financial Statement Analysis The statement of financial position and income statements of Megem Ltd. for the current year 20X5 and previous year, 20X4, are set out below. These are to be used for both this question and question 13. Statement of Financial Position as at 31 December 20X5 20X4 000 000 000 000 Non-current assets Land and buildings 414 294 Plant and equipment 474 140 Research and Development 480 1368 100 534 Current assets Stock Debtors Cash at bank 390 300 = . Total Assets 330 240 690 18 588 2058 1122 Equity 1 ordinary shares 300 Share premium 78 Revaluation reserve 126 Retained profit 150 654 240 72 150 462 Non-current liabilities Borrowing-10% Loan notes 900 300 Current liabilities Creditors 480 300 Bank overdraft 24 504 60 360 Total Equity and Liabilities 2058 1122 See next page