Taimenne presents 2025 and 2024. Its inventories are worth, under the old and the new policy: 300,000 and 326,000 at 1 January 2024; 340,000 and 371,000 at 31 December 2024 (tax effect ignored, case assumption). Compute the adjustment to opening equity and the increase in restated 2024 profit.
- Inventories at 1 January 2024 (old policy)
- 300,000
- Inventories at 1 January 2024 (new policy)
- 326,000
- Inventories at 31 December 2024 (old policy)
- 340,000
- Inventories at 31 December 2024 (new policy)
- 371,000