Keepin Company: Financial Data for 2010 Income Statement $ million Additional information: Sales 280.7 Ordinary Shares Dividends Received 15.0 Number of issued shares 300 million Total Revenue 295.7 Share price $1.25 Cost of Good Solds 165.2 Executive Options Selling, General & Administration Expenses 46.5 Number of executive options 30 million Depreciation 21.0 Date of exercise 30/09/2012 Goodwill Impairment Charge 30.0 Option exercise price $1.00 Total Costs 262.7 EBIT 33.0 Other: Net Interest -12.0 Company's borrowing cost 7.0% Pre-Tax Profit 21.0 Company's marginal tax rate 30% Tax Expense -4.3 - Goodwill impairment charge was not tax deductable Net Profit 16.7 - Assume book value is a reasonable estimate of Minority Interest 0.8 market value for other claims and assets Net Profit Attributable to Ordinary Shareholders 17.5 Ordinary Dividends 18.0 Balance Sheet Property, Plant and Equipment 175.0 Working Capital 75.0 Equity Investments 250.0 Assets 500.0 Debt 180.0 Other Liabilities 40.0 Total Equity 280.0 Total Funds 500.0 Total Equity comprises: Ordinary Equity 260.0 Minority Interest 5.0 Executive Options 15.0 Total Equity 280.0 Tax Statement Reported pre-tax profit 21.0 Prima Facie Tax at Company Tax Rate of 30% 6.3 Tax Effect of Non-deductable Amounts - Goodwill Impairment Charge 9.0 Tax Expense on Profit for Period 15.3 Prior Tax Losses Brought To Account -11.0 Tax Expense In Income Statement 4.3