The financial statements of Cup plc as at 31 December 2019 (with comparatives for 2018) are as follows:

QUESTION THREE The financial statements of Cup ple as at 31 December 2019 (with comparatives for 2018) are as follows: Statement of comprehensive income (extract) for the year to 31 December 2019 Profit before taxation 162,000 Taxation 15,000 Profit for the year 147,000 Statement of financial position as at 31 December 2019 2019 2018 E'000 L'000 E'000 E'000 Assets Non-current assets Property, plant and equipment at cost 670 600 Less: Accumulated depreciation 437 233 350 250 Investments at cost 45 66 278 316 Current assets Inventory 568 245 Trade receivables 545 204 Less: Provision for doubtful receivables 55 490 12 192 Cash on 10-day deposit 90 Cash at bank and in hand 1,058 105 632 1,336 948 Equity Ordinary Share capital 540 340 Preference Share Capital 30 30 Share premium 30 Retained earnings 407 340 1,007 710 Liabilities Current liabilities Trade payables 239 186 Amount owing re property, plant & equip 20 Corporation tax payable 15 52 Bank overdraft 55 329 238 1,336 948 [CONTINUED]