KITCHEN CRAZE plc
Income Statement for the year ended September 30, 2021
	2021 000		2020 000
Revenue	35,562		55,821
Cost of Sales	28,354		35,752
Gross Profit	7,208		20,069
Distribution Costs	1,890		5,017
Administrative Expenses	2,532		6,020
Profit from Operations	2,786		9,032
Finance Costs	160		8
Profit before tax	2,626		9,024
Corporation Tax	864		2,888
Profit for the year	1,762		6,136
Other comprehensive income for the year
Revaluation Gain	1,360		0
Total comprehensive income for the year	3,122		6,136

KITCHEN CRAZE plc
Statement of Financial Postion as at September 30, 2021
ASSETS	2021 000		2020 000
Non Current Assets
Investment	1,000		0
Property, Plant and Equipment	5,500		4,800
	6,500		4,800
Current Assets
Inventory	30		930
Trade and other Receivables	5,893		3,740
Cash and cash equivalents	3,037		1,000
	8,960		5,670
Total Assets	15,460		10,470
EQUITY & LIABILITIES
EQUITY
Share Capital (1 Ordinary Shares)	1,000		1,000
Revaluation Reserve	1,360		0
Retained Earnings	8,200		8,195
Total Equity	10,560		9,195
Non Current Liabilities
8% Preference Shares, par value 1	1,000		100
6% Convertible Loan note 2027	3,000		0
	4,000		100
Current Liabilities
Trade and other payables	600		725
Taxes payable	300		450
	900		1,175
Total Liabilities	4,900		1,275
Total liabilities & equity	15,460		10,470

Using the tables above, please calculate the following ratios

• Operating gearing
• Financial Gearing