2017 2017 R'000 R'000 Revenue 548 200 515 960 Cost of sales (266 500) (225 620) Gross profit 281 700 290 340 Operating costs (154 101) (156 630) Net operating profit 127 599 133 710 Interest and other income 36 540 28 600 Earnings before interest and tax (EBIT) 164 139 162 310 Interest expense (15 669) (29 560) Profit before tax 148 470 132 750 Income tax expense (44 541) (39 825) Net profit 103 929 92 925 2017 2017 R'000 R'000 ASSETS Total non-current assets 887 644 967 857 Inventories 55 602 45 200 Trade and other receivables 65 320 68 050 Cash and cash equivalents 15 362 10 220 TOTAL ASSETS 1023 928 1091 327 EQUITY AND LIABILITIES Total equity 789 425 804 127 Total non-current liabilities 189 203 231 000 Trade and other payables 45 300 56 200 TOTAL EQUITY AND LIABILITIES 1023 928 1091 327 Both companies have an issued share capital of 10 million ordinary shares. The current market price per share for Nature's Own (NO) Limited is R12 and R13,50 for Natural Health (NH) Limited. The gearing ratio for Nature's Own (NO) Limited is 22,90% and 26,32% for Natural Health (NH) Limited. The non-current liabilities are consisting of long-term debt that is long-term interest bearing debt with the current portions being nil. 29