Comparative statements of financial position and extract of income statement for SMI Supplies Pte Ltd (SMI) are given as follow:

SMI Pte Ltd Comparative Statement of financial position As at 31 December, 20X2 and 20X3 20X3 $'000 20X2 S000 Assets Current Assets Cash Accounts receivable Inventories 84 335 358 162 253 287 Non-current Assets 6.821 Property, Plant and Equipment, at cost Accumulated depreciation 5,586 (1,843)(1,284) Total assets 5,755 5,004 Liabilities and Shareholders' Equity Current Liabilities Accounts payable lax payable 463 104 212 135 Non-current Liabilities Bank Loan 700 200 Shareholders' equity Share capital 6% Redeemable Preference Shares Retained earnings 3,910 438 140 3,910 480 67 Total liabilities and Shareholders' Equity 5.755 5,004