The following information relates to the draft financial statements of Pound Plc. Income statement for the year ended 31 December 2016. ,000 2,360 905 1,455 Revenue Cost of sales Gross proft Administration and Distribution expenses Operating profit before interest Interest expense Profit after interest Taxation Profit after interest and tax 380 1,075 40 1,035 110 925 Statement of financial position as at: 31 December 2016 31 December 2015 ,000,000 ,000E,000 Non-current assets Tangible assets 2,500 2,100 Current assets Inventory Trade receivables Cash and cash equivalents Total Assets 420 270 370 250 3,1503,840 6,340 1,9502,570 4,670 Equity and Liabilities Share capital Share premium Retained earnings 2,000 400 2,220 4,620 1,500 200 1,585 3,285 Non-current liabilities Long term loans 850 650 Current liabilities Trade payables Tax payable 760 110 640 95 870 6,340 735 4,670 Total Equity and Liabilities