5.4 Chen ple's income statements for the years ended 31 December 2016 and 2017 and the statements of financial position as at 31 December 2016 and 2017 are as follows: Income statements for the years ended 31 December 2016 and 2017 2016 2017 Em Em Revenue 207 153 Cost of sales (101) (76) Gross profit 106 77 Distribution expenses (122) (20) Administrative expenses (20) (28) Operating profit 29 Interest payable Profit before taxation 25 Taxation Profit for the year 19 29821 Statements of financial position as at 31 December 2016 and 2017 2016 2017 m m ASSETS Non-curront aceto Property, plant and equipment Land and buildings 110 130 Plant and machinery 172 186 Current assets Inventories 24 Trado roosivables 26 Cash at bank and in hand 19 69 Total assets 241 236 EQUITY AND LIABILITIES Equity Galled-up ordinary share capital 100 100 Retained earnings 56 156 157 Non-current iabilities Borrowingo - loan notos (10%) 40 40 Current liabilities Borrowings (all benk overdraft) Trade payables 37 34 Taxation Total equity and liabilities 241 Included in 'cost of sales', 'distribution expenses' and 'administrative expenses'. depreciation was as follows: 2016 2017 m Em Land and buildings 10 Plant and machinery 10 12 There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in each year. Dividends were paid totalling 218 million in 5.4 Chen ple's income statements for the years ended 31 December 2016 and 2017 and the statements of financial position as at 31 December 2016 and 2017 are as follows: Income statements for the years ended 31 December 2016 and 2017 2016 2017 Em Em Revenue 207 153 Cost of sales (101) (76) Gross profit 106 77 Distribution expenses (122) (20) Administrative expenses (20) (28) Operating profit 29 Interest payable Profit before taxation 25 Taxation Profit for the year 19 29821 Statements of financial position as at 31 December 2016 and 2017 2016 2017 m m ASSETS Non-curront aceto Property, plant and equipment Land and buildings 110 130 Plant and machinery 172 186 Current assets Inventories 24 Trado roosivables 26 Cash at bank and in hand 19 69 Total assets 241 236 EQUITY AND LIABILITIES Equity Galled-up ordinary share capital 100 100 Retained earnings 56 156 157 Non-current iabilities Borrowingo - loan notos (10%) 40 40 Current liabilities Borrowings (all benk overdraft) Trade payables 37 34 Taxation Total equity and liabilities 241 Included in 'cost of sales', 'distribution expenses' and 'administrative expenses'. depreciation was as follows: 2016 2017 m Em Land and buildings 10 Plant and machinery 10 12 There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in each year. Dividends were paid totalling 218 million in