=+X Limited owns 90% of the ordinary share capital of Y Limited. The statements of comprehensive income for X Limited and Y Limited are as follows for the year ended 31 December 2002: X Limited € Revenue Cost of sales Gross profit Administration expenses Depreciation Profit before tax Income tax expense Profit after tax Reserves brought forward Reserves carried forward Additional Information 1. 10,000 (6,000) 4,000 (500) — (1,000) 2,500 _ (400) 2,100 10,000 12,100 Y Limited € 7,000 (1,000) 6,000 (600) (1,200) 4,200 (100) 4,100 7,000 11,100 X Limited purchased the shares in Y Limited on 1 January 1998, at which time Y Limited’s statement of financial position contained: Revenue reserves Tangible non-current assets € 3,000 Cost Fair value 12,000 15,000 538 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING With respect to the measurement of non-controlling interests at the date of acquisition, the proportionate share method equated to the fair value method. 2. Tangible non-current assets are depreciated at 10% straight line. The assets in Y Lim- ited were not re-valued to fair value at the date of acquisition by X Limited. Requirement Draft the consolidated statement of comprehensive income for the year ended 31 December 2002.