Nibor Ltd acquired a controlling interest of 75 per cent of the equity capital in Nohj Ltd on 31 December 1984. Both companies produce accounts to 31 March.

Profit and Loss Appropriation Accounts for the two companies to 31 March 1985 are as follows:

Balance at 1 April 1984 Net profit (loss) for the year after investment income, interest, and taxes Ordinary dividends:

paid proposed Balance at 31 March 1985 Nibor Ltd

£000 £000 246 92 16 8 (24)

314 Nohj Ltd

£000 £000 108

(24)

12

(12)

72 The interim dividend of Nohj Ltd was paid in January 1985.

Group share of the consolidated profit (loss) of Nibor Ltd and its subsidiary Nohj Ltd for 1985 is:

(a) £65000;

(b) £68000;

(c) £74000;

(d) none of the above.