a) A world-leading producer of solar panels, Solaris BV, has enjoyed increased demand for its products in recent years. You are a finance professional who has been asked to perform a thorough analysis of Solaris. Your first step is to complete the companys financial statements by adding the missing information indicated by letters A-E. [5 marks] Solaris Plc Income Statement at 31 March (EUR millions) 2020 2019 Sales 50.7 33.9 Cost of sales 25.2 15.0 Gross profit 25.5 18.9 Operating expenses A 2.7 Depreciation 0.4 0.4 Operating profit 21.8 15.8 Interest expenses 4.8 2.5 Profit before tax 17.0 13.3 Taxation 2.4 2.7 Net Income 14.6 B Solaris Plc Statement of financial position at 31 March (EUR millions) 2020 2019 2020 2019 Cash and short-term investments 14.4 16.8 Trade payables and other current liabilities 11.1 6.0 Accounts receivable 6.0 3.6 Total current liabilities 11.1 6.0 Inventories C 1.2 Non-current borrowings and bonds 609.0 294.0 Other current assets 0.3 0.3 Total non-current liabilities 609.0 294.0 Total current assets 21.9 21.9 Total liabilities 620.1 300.0 Land 0.3 D Share capital 120.0 120.0 Plant and machinery 738.9 413.7 Retained earnings 21.0 E Total non-current assets 739.2 414.0 Total equity 141.0 135.9 Total assets 761.1 435.9 Total liabilities and equity 761.1 435.9

2020 2019 Solaris Plc Income Statement at 31 March (EUR millions) Sales Cost of sales Gross profit Operating expenses Depreciation Operating profit Interest expenses Profit before tax 50.7 25.2 25.5 A 0.4 21.8 4.8 17.0 33.9 15.0 18.9 2.7 0.4 15.8 2.5 13.3 2.7 Taxation Net Income 2.4 14.6 B 2020 2019 2020 2019 Solaris Plc Statement of financial position at 31 March (EUR millions) 14.4 16.8 11.1 6.0 6.0 3.6 11.1 6.0 C 1.2 609.0 294.0 Cash and short-term investments Accounts receivable Inventories Other current assets Total current assets Land Plant and machinery Trade payables and other current liabilities Total current liabilities Non-current borrowings and bonds Total non-current liabilities Total liabilities Share capital Retained earnings 0.3 0.3 609.0 294.0 21.9 21.9 620.1 300.0 0.3 D 120.0 120.0 738.9 413.7 21.0 E 739.2 141.0 Total non-current assets Total assets 414.0 Total equity 435.9 Total liabilities and equity 135.9 435.9 761.1 76