Summary Pront and Loss Statement s of 30 June 2020 Revenue EBITDA epreciation Amortisation 2020 (S million) (Actual) 2,110 120 (30) 90 (25) 65 2021 (S million) (Forecast 2,700 140 (40) 100 (25) 75 interest expense Expense (11) 54 (13) 62 Tax exspense PAZ (11) 54 S million 12 Summary Balance Sheet as of 30 June 2020 Cash Plant and equipment Other Assets Total Assets orowings er Liabilities 1,195 373 1,580 277 305 areholders' Funds 1,580 that the EBITDA forecasted for 2021 includes the final four Salting contract that POLA had in a developing country in tract generates EBITDA of $3 million per annum. POLA does acement contract. POLA has 100 million shares on issue and arch, you have gathered the relevant multiples for he same sector as POLA are as follows: 2001 Font) sis of POLA and the other companies in the sector, your LA should be valued in the market at a 10% discount to the e. The Board has requested that you determine the market A's issued shares as of 30 June 2020. The objective of the ate on a potential offer by a prospective acquirer to purch sed EBITDA to be adopted for valuing POLA. Summary Pront and Loss Statement s of 30 June 2020 Revenue EBITDA epreciation Amortisation 2020 (S million) (Actual) 2,110 120 (30) 90 (25) 65 2021 (S million) (Forecast 2,700 140 (40) 100 (25) 75 interest expense Expense (11) 54 (13) 62 Tax exspense PAZ (11) 54 S million 12 Summary Balance Sheet as of 30 June 2020 Cash Plant and equipment Other Assets Total Assets orowings er Liabilities 1,195 373 1,580 277 305 areholders' Funds 1,580 that the EBITDA forecasted for 2021 includes the final four Salting contract that POLA had in a developing country in tract generates EBITDA of $3 million per annum. POLA does acement contract. POLA has 100 million shares on issue and arch, you have gathered the relevant multiples for he same sector as POLA are as follows: 2001 Font) sis of POLA and the other companies in the sector, your LA should be valued in the market at a 10% discount to the e. The Board has requested that you determine the market A's issued shares as of 30 June 2020. The objective of the ate on a potential offer by a prospective acquirer to purch sed EBITDA to be adopted for valuing POLA