Sales revenue (2,800 - 120 - 600) ( W1 and W2)

2,080

Cost of sales (1,750 + 15 - 350) ( W1 and W2)

(1,415)

Gross profit

665

Operating costs (344 - 90 + 180) ( W2 and W3)

(434)

231

Other operating income finance lease interest ( W1)

50

Finance costs (64 - 10 + 6)

(60)

221

Income tax (150 - 60 - 54)

(36)

Profit after tax

185

Minority interests

(20)

165

Dividends

(100)

Retained profit for the year

65

Non-current assets

Property, plant and equipment

2,540

Investment in finance leases (900 - 70) ( W1)

830

3,370

Current assets

1,000

4,370

Equity and libilities

Share capital and reserves:

Equity shares of $1 each

1,200

Reserves:

Share premium ( W2)

600

Accumulated profits (1,134 - 500 W2 + 65)

699

1,299

2,499

Minority interest

140

Non-current liabilities

12% Redeemable loan note (2004) (200 - 10 + 6 ( W4))

196

Current liabilities (1,520 + 15 ( W1))

1,535

Total equity and liabilities

4,370