PFM 6-2

	$m
Profit before interest and tax	238
Finance costs	(24)
Profit before tax	214
Corporation tax	(64)
Profit after tax	150
	$m
Assets
*Non-current assets*
Property, plant and equipment	768
Goodwill (internally generated)	105
	873
*Current assets*
Inventories	285
Trade receivables	192
	477
Total assets	1,350
Equity and liabilities
*Total equity*	688
*Non-current liabilities*
Long-term borrowings	250
*Current liabilities*
Trade payables	312
Short-term borrowings	100
Total current liabilities	412
Total liabilities	662
Total equity and liabilities	1,350

Answering Questions

	$m	$m
Non-current assets		595
Current assets		125
Total assets		720
Equity
Ordinary shares ($1 nominal)	80
Retained earnings	410
		490
Non-current liabilities
6% bank loan	40
8% bonds ($100 nominal)	120
		160
Current liabilities		70
Total equity and liabilities		720

	Note	$000s
Non-current assets	1	400
Current assets	2	50
Total assets		450
Share capital (50 cent ords.)		100
Reserves		170
Bank Loans – repayable 20X8		140
Current liabilities		40
Total equity and liabilities		450