2019 2018 Revenue 28,433,361 28,264,711 Cost of sales (23,661,338) (27,476,274) Gross Profit 4,772,023 788,437 Other income 983,548 825,880 Selling and distribution cost (265,996) (441,622) General and admin expenses (4,811,357) (4,462,336) Impairment loss on trade and receivables (418,860) (164,745) Operating profit/(loss) 259,358 (3,454,386) Finance income 6,060 52,495 Finance cost (4,573,435) (3,813,211) Loss before tax (4,308,017) (7,215,102) Income tax expense 945,908 (4,796,545) Loss of the year (3,362,109) (12,011,647) Other comprehensive income Revaluation of PPE 19,470,901 - Remeasurements of defined benefit liability (1,374,562) 89,638 Related tax (3,216,132) 119,050 Other comprehensive income 14,880,207 208,688 Total comprehensive income 11,518,098 (11,802,959) 2019 2018 Assets Property, plant and equipment 126,804,747 108,383,558 Non-curent Assets 126,804,747 108,383,558 Inventories 8,228,910 5,643,060 Current tax assets 6,283 3,263 Trade and other receivables 9,811,571 10,098,018 Cash and cash equivalents 1,072,774 283,697 Total Curent assets 19,119,538 16,028,038 Total Assets 145,924,285 124,411,596 Equity Share capital 26,071,630 26,071,630 Revaluation reserve 56,508,182 43,168,101 Fair value reserve 6,293,536 6,293,536 Retained earnings (111,272,741) (109,450,758) Total Equity (22,399,393) (33,917,491) Liabilities Loans and Borrowing 14,507,042 30,857,327 Employee benefit obligations 3,199,963 1,375,888 Deferred tax liabilities 20,687,331 18,417,106 Trade and other payables 55,547,794 55,547,794 Non- current liabilities 93,942,130 106,198,115 Bank overdraft 955,704 1,516,386 Trade and other payables 26,086,341 24,099,410 Loans and borrowing 47,339,503 26,515,176 Current liabilities 74,381,548 52,130,972 Total liabilities 168,323,678 158,329,087 Total equity and liabilities 145,924,285 124,411,596 Required: Calculate All the Gearing ratios

2019 2018 Revenue 28,433,361 28,264,711 Cost of sales (23,661,338) (27,476,274) Gross Profit 4,772,023 788,437 Other income 983,548 825,880 Selling and distribution cost (265,996) (441,622) General...

	2019	2018
Revenue	28,433,361	28,264,711
Cost of sales	(23,661,338)	(27,476,274)
Gross Profit	4,772,023	788,437
Other income	983,548	825,880
Selling and distribution cost	(265,996)	(441,622)
General and admin expenses	(4,811,357)	(4,462,336)
Impairment loss on trade and receivables	(418,860)	(164,745)
Operating profit/(loss)	259,358	(3,454,386)
Finance income	6,060	52,495
Finance cost	(4,573,435)	(3,813,211)
Loss before tax	(4,308,017)	(7,215,102)
Income tax expense	945,908	(4,796,545)
Loss of the year	(3,362,109)	(12,011,647)
Other comprehensive income
Revaluation of PPE	19,470,901	-
Remeasurements of defined benefit liability	(1,374,562)	89,638
Related tax	(3,216,132)	119,050
Other comprehensive income	14,880,207	208,688
Total comprehensive income	11,518,098	(11,802,959)

	2019	2018
Assets
Property, plant and equipment	126,804,747	108,383,558
Non-curent Assets	126,804,747	108,383,558

Inventories	8,228,910	5,643,060
Current tax assets	6,283	3,263
Trade and other receivables	9,811,571	10,098,018
Cash and cash equivalents	1,072,774	283,697
Total Curent assets	19,119,538	16,028,038
Total Assets	145,924,285	124,411,596

Equity
Share capital	26,071,630	26,071,630
Revaluation reserve	56,508,182	43,168,101
Fair value reserve	6,293,536	6,293,536
Retained earnings	(111,272,741)	(109,450,758)
Total Equity	(22,399,393)	(33,917,491)

Liabilities
Loans and Borrowing	14,507,042	30,857,327
Employee benefit obligations	3,199,963	1,375,888
Deferred tax liabilities	20,687,331	18,417,106
Trade and other payables	55,547,794	55,547,794
Non- current liabilities	93,942,130	106,198,115

Bank overdraft	955,704	1,516,386
Trade and other payables	26,086,341	24,099,410
Loans and borrowing	47,339,503	26,515,176
Current liabilities	74,381,548	52,130,972
Total liabilities	168,323,678	158,329,087
Total equity and liabilities	145,924,285	124,411,596

Required: Calculate

Jun 10, 2022