Income Statement €’000 €’000
Revenue (W1) 378,050
Cost of sales (W2) (258,100)
Gross profit 119,950
Distribution cost (14,200)
Administrative expenses (46400-24000) (22,400)
Marketing expenditure (Note 4) (3000)
Research and development expenditure (6000)
Finance cost (130)
Profit before tax 74,240
Income tax expenses (Note9) (24,300)
Profit for the year 49,920
Other comprehensive income
Revaluation of property 8,000
Provision reserves 20
Total comprehensive income for the year 57,940

Statement of Financial Position €’000 €’000
ASSETS
Non-current assets Property 45,000 Plant and equipment 33,000 Brand 7000 C 2000 87,000
Current assets Trade receivables (33550-2400) 31,150 Inventories 56,600 87,750
Total Assets 174750

EQUITY AND LIABILITIES
Equity
Equity shares