Consolidated statement of profit or loss and other comprehensive income for the year ended 31 March 20X1

Revenue 530000
Cost of sales -278800
Gross profit 251200
Distribution cost -29600
Administrative cost -38500
Finance cost -2100
Profit before tax 181000
Income tax expenses -61900
Profit for the year 119100
Other comprehenive income:
Gain on revaluation on land 3500
Total comprehensive income 122600

Profit attributable to:

Non controlling interest
Sentinel profit 33000
PURP -3000
Depriciation 200
Net 30200
NCI share 7550
Group share 111550

other comprehenive income:

NCI share 7800

Group share 114800

B. Preparing equity section

Revaluation surplus 11650
Retained earnings 201550
NCI 107800
321000
year ended 31 March 20X1 Working ($000)

W1: Transfer of PPE

Carrying amount
Derprication

W2: Intra group trading

P S
Sales value 40000
Cost to S 30000
Profit 10000
PURP 3000
DR Cost of sales
CR Inventory

W3: Cost of sales

Progdigal COS 260000
Sential COS 55000
PURP 3000
Intra group sales -40000
Depriciation -200
Gain on transfer 1000
278800

W4 : net assets of subsidiary

At acquisition date
Revaluation surplus 0
Retained earnings 158000
Depriciation 0
PURP 0
158000

W5: Groups RE
P's RE 179900
P's share of post acquisition 22650
Groups RE -1000
NCA pURP 201550

W6: Revaluation surplus

P's Revaluation surplus 10900
P's share of subsi gain 750
11650

W7: NCI
FV of NCI at acquisition 100000
NCI share of post acquisition 7800
107800
Without transfer With transfer Differneces
4000 5000 1000
800 1000 200

DR cost of sales 1000

CR PPE 800
CR depriciation 200

3000
3000

At reporting date PAR

1000 1000
191000 33000
200 200
-3000 -3000
189200 31200