2. The financial statements of Junior Pic for the years ended 31 March 2020 and 2021 are as shown below: Junior Pic Statements of Financial Position as at 31 March.... .-2021 2020 NOTES 000 000 ASSETS Non-Current Assets Property, plant & equipment 0 26.146 25.141 Investments 7.100 Total non-current assets 33 246 25.141 Current Assets Inventory 16,487 15,895 Trade and other receivables 12,349 8.110 Bank & cash 861 715 Total current assets 29.697 24 720 TOTAL ASSETS 62.943 49,861 (6) EQUITY & LIABILITIES Shareholder Funds Ordinary share capital (50p shares) Share premium account Revaluation reserve Retained earnings Total equity Non-Current Liabilities Borrowings Deferred tax Total non-current liabilities 13,000 12.500 5,300 22.126 52,926 10,000 5,000 5,300 20.226 40,526 3.250 262 3.512 4,250 329 4,579 Current Liabilities Bank overdraft Trade & other payables Deferred tax Current tax Total current liabilities TOTAL EQUITY & LIABILITIES 1,400 3.771 154 1.180 6,505 62.943 1.235 2,443 236 842 4,756 49,861 Question 2 continued on page 5 2. The financial statements of Junior Pic for the years ended 31 March 2020 and 2021 are as shown below: Junior Pic Statements of Financial Position as at 31 March.... .-2021 2020 NOTES 000 000 ASSETS Non-Current Assets Property, plant & equipment 0 26.146 25.141 Investments 7.100 Total non-current assets 33 246 25.141 Current Assets Inventory 16,487 15,895 Trade and other receivables 12,349 8.110 Bank & cash 861 715 Total current assets 29.697 24 720 TOTAL ASSETS 62.943 49,861 (6) EQUITY & LIABILITIES Shareholder Funds Ordinary share capital (50p shares) Share premium account Revaluation reserve Retained earnings Total equity Non-Current Liabilities Borrowings Deferred tax Total non-current liabilities 13,000 12.500 5,300 22.126 52,926 10,000 5,000 5,300 20.226 40,526 3.250 262 3.512 4,250 329 4,579 Current Liabilities Bank overdraft Trade & other payables Deferred tax Current tax Total current liabilities TOTAL EQUITY & LIABILITIES 1,400 3.771 154 1.180 6,505 62.943 1.235 2,443 236 842 4,756 49,861 Question 2 continued on page 5