1. Financial Statement Analysis Calculation: 6 marks The a2 Milk Company Limited (a2MC) is engaged in the commercialization of a2MC branded milk and related products. The Company's portfolio composition includes liquid milk, infant formula and other. The Company's brands include a2 Milk and a2 Platinum. The following are the reformatted consolidated financial statements of a2 Milk Company Limited as at 30 June 2019. Reformatted income statement for the year ended 30 June 2019 $' 000 Sales 1,304,336 Cost of sales (590,584) Gross Profit 713,752 Other revenue 160 Distribution expenses (31,290) Administrative expenses (71,161) Marketing expenses (135,301) Other expenses (64,608) _ Profit before interest and tax 411,552 Net finance income 4,159 Profit before tax 415,711 Income tax expense (127,970) Profit after tax 287,741