B3. PPE Articulation (Written Report) The clean surplus relation shows how the balance of CSE changed from one period to the next by showing the things that added to CSE (=CI) and the things that subtracted from CSE (=d). In economics, this is called stocks and flows. CSE is a stock, while CI and d are flows. We can think of the same concept for other line items on the Balance Sheet. For this question, consider Property, Plant and Equipment (PPE) net of accumulated depreciation and impairments. Ignore right-of-use assets for this question (which we sometimes treat as equivalent to PPE). Some finance books/websites like to claim that the following stocks and flows relationship holds for PPE:7 Change in PPE (net) = Capital expenditure on PPE - Depreciation of PPE Show that this relationship does not hold for OML in FY23. Explain and show why it does not hold using OML's FY23 financials. Show all workings. Provide references to relevant pages of OML's annual report to support the figures you use in your workings. Page limit for B3: no more than 0.5 page