OOmega is a public listed company. Its financial statements for the year ended 30 June 2021 including comparatives are shown below: Income statements extract for the year ended 30 June 2021 Rs 000 Profit from operations 540 Finance costs (520) Interest income 80 Profit /(loss) before tax 100 Income tax relief 100 Profit (loss) for the year 200 30 June 2021 30 June 2020 Rs 000 Rs 000 Rs 000 Rs 000 Assets Non-current assets Property, plant and equipment (note (i)) 21,200 31,600 Current assets Inventory 5,100 3,700 Trade receivables 6,200 5,200 Other receivables (note (iii)) 3,000 2,400 Cash and cash equivalents 1,700 - Total assets 37,200 42,900 Equity and liabilities Equity Equity shares of Rs 1 each 12,000 12,000 Revaluation reserve (note (ii)) - 3,200 Retained earnings 5,100 5,100 1,700 4,900 17,100 16,900 Non-current liabilities 7% debenture 2027 (note (iv) 4,400 - Page 5 of 10 Finance lease obligations (note (i) 4,000 3,400 Tax payable 400 8,800 1000 4,400 Current liabilities Trade payables 9,300 6,700 12% debenture 2021 (note (iv) - 9,800 Finance lease obligations (note (i) 1 800 1,600 Tax payable 200 2,400 Bank overdraft - 11, 300 1,100 21,600 Total equity and liabilities 37,200 42,900 The following additional information is available: (i) Non current asset schedule 30 June 2021 30 June 2020 Rs 000 Rs 000 Cost 32,000 40,400 Aggregate depreciation (10,800) (8,800) Carrying amount 21,200 31,600 During the year Omega Ltd sold its freehold premises for Rs24m and entered into a sale and lease back agreement. The carrying value of the freehold property and its accumulated depreciation stood at Rs14.8m and Rs2.4m respectively at the date of disposal. During the year additional plant and equipment acquired under finance lease amounted to Rs3m. (ii) The revaluation surplus related wholly to the freehold premises disposed during the year. (iii) Other receivables related to a refund from a supplier for goods damaged in transit which is due to be receivable shortly. (iv) The 12% debenture matured on 30 June 2021 and a new 7% debenture was issued. (v) Profit from operations included profit from the sale of freehold premises during the year. (vi) The finance cost includes finance lease charges.