SUMMARISED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER ASSETS Non-current assets 2021 K'000 2020 K'000 Property, plant and equipment Financial asset: equity investments Current assets Inventories Trade receivables Cash and cash equivalents Total assets 32,600 24,100 4,500 7,000 10,200 7,200 3,500 3,700 nil 1,400 50,800 43,400 EQUITY AND LIABILITIES Equity Equity shares of K1 each 14,000 8,000 Share premium nil 2,000 Revaluation reserve 2,000 3,600 Retained earnings 13,000 10,100 29,000 23,700 Non-current liabilities Lease liability Deferred tax Current liabilities: Tax Bank overdraft Provision for product warranties Lease liability Trade payables Total equity and liabilities 7,000 6,900 1,300 900 1,000 1,200 2,900 nil 1,600 4,000 4,800 2,100 3,200 4,600 50,800 43,400 SUMMARISED STATEMENTS OF PROFIT OR LOSS FOR THE YEARS ENDED 30 SEPTEMBER: 2020 Revenue Cost of sales Gross profit Operating expenses Investment income Finance costs Profit before tax Income tax expense Profit for the year The following additional information is available. (i) Property, plant and equipment 2021 K'000 58,500 K'000 41,000 (46,500) (30,000) 12,000 11,000 (8,700) (4,500) 1,100 700 (500) 3,900 (1,000) 2,900 (400) 6,800 (1,800) 5,000 Cost Accumulated depreciation Carrying amount K'000 K'000 K'000 At 30 September 2020 33,600 (9,500) 24,100 Additions to right of use assets 6,700 6,700 Purchase of new plant 8,300 8,300 Disposal of property (5,000) 1,000 (4,000) Depreciation for the year (2,500) (2,500) At 30 September 2021 43,600 (11,000) 32,600 The property disposed of was sold for K8.1 million.