The data given below are available for ABC SpA for the year ended 31 December 2009. 

The following information has not yet been taken into account in the amounts shown in the trial balance: 

• Inventory at cost at 31 December 2009 was EUR 45,750,000. Inventory of certain items at net realisable value (NRV) at 31 December 2009 was EUR 6m. The cost of this inventory was EUR 8m. 

• Depreciation is to be provided as follows: 2 per cent on buildings using the straight-line method 10 per cent on equipment using the reducing balance method 25 per cent on motor vehicles using the reducing balance method 

• EUR 4,600,000 was prepaid for repairs and EUR 10,350,000 was payable for wages at 31 December 2009. 

Help the financial controller to prepare a statement of comprehensive income for 2009 and a statement of financial position as at 31 December 2009 according to IAS 1 (revised).

When allocating expenses to distribution, selling and marketing costs or to administrative expenses, use the following assumptions: 

Trial balance of ABC SpA as at 31 December 2009 (amounts in thousands of euro) Cr Interest expense on bank overdraft Bank overdraft Cash in hand Long-term loans Trade and other receivables Accumulated depreciation on equipment Accumulated depreciation on motor vehicles Directors' remuneration Dividends Equipment Audit fees Land Buildings Hire charges Interest on long-term loans Share capital Lighting and power Miscellaneous expense Motor expenses Motor vehicles Postage, telephone, courier Retained earnings Provision for income taxes Purchases Insurance Repairs and maintenance Salaries and wages Income tax Sales Inventory at 1 January 2009 Trade and other payables Dr 2,300 9,200 57,500 2,300 3,450 29,900 2,300 115,000 115,000 600 12,650 1,840 550 18,400 41,400 3,680 517,500 6,900 5,520 36,110 11,500 86,250 1,079,850 17,250 126,500 6,900 18,400 34,500 115,000 11,500 690,000 59,800 1,079,850