Question 1 The Statements of Financial Position for ABC Ltd at 31 December 2017 and 31 December 2018, together with extracts from the Statement of Profit or Loss for the year ended 31 December 2018 and relevant notes, are presented below: 2018 2017 000 000 Assets Non-current assets Property, plant and equipment Investments 11,595 8,500 2,380 2,400 13,975 10,900 Current assets Inventory 2,150 2,274 Trade and other receivables 1,300 1,650 Cash and cash equivalents 7,329 2,977 10,779 6,901 Total assets 24,754 17,801 Current liabilities Trade and other payables 5,220 4,230 Current taxation 1,123 850 6,343 5,080 Non-current liabilities Borrowings 2,600 2,100 Total liabilities 8,943 7,180 Net assets 15,811 10,621 Equity Share capital Share premium Retained earnings 3,000 2,800 4,250 3,250 8,561 4,571 15,811 10,621 ABC Ltd: Statement of Profit or Loss (extract) for the year ended 31 December 2018 Operating profit Finance income Finance expense Profit before tax Tax Profit for the year 000 5,650 119 156 5,613 1,123 4,490