credit

Question 3 Laurel pic, an EU-listed company. recently published its Annual Report a. Accmnls forthe year ended 3D April 2D15. Extracts from the nancial statements are SI'KJ'IH'I below. EELAUREL F'LC' INCOME STATEMENT FOR THE YEAR ENDING 3!] APRIL 2015 ems 2014 cccc sccc :- r- :- assess-ass... mason\"... "1-1 ECostotSales "'"Etmspsu'" (zososy; EGrossProt 1ss,sss H1?D.444E EProfit on ordinary.' activities before interest 104,9DTE T? .EEED E Elnterest charges {34,DDD1EED.DDD1E EProfit on ordinarE.r aGthtlEE cetccc taxm 7D,1D? ___ ED .EDBD Taxation {23,832} {2D,66D] _________. "the. the company paid an Intertm dividend of 14, EBB. DDD in EMS LAUREL PLC STATEMENT OF FINANCIAL POSITION AS. AT 3D APRIL 2D15 Tangible Assets 802,500 E TBT.EDD E .GUHEHEHSSEE E, Invenu 42,051 i 46.3IZID Debtors 23 15D i 21.275 Cash at Bank \"HEEL 12 519 E _m.: 38,215 i 80.094 . Trade Creditors mi {Zones}; ENetcun'entassets 56,50lti 54938E E'HEEfra-Hgnmu"I"I.""""EHEHH"um-u"Eu" ..""".............. ' Loan Mi 12D DDD ___Drdina Share Capital 1 22D, non. | 22D. DDDE Prot s Loss Reserve Emil}! E 5D2E4DDE E EShareholders Funds _y r224saE The market price of ordinary shares was 413p on 3D.4.15 {4DTp on 3D.4.14}.The Annual Report 8. Accounts contain a Business Review of the year from which the follows-lg extract taken