=+You are the financial accountant of WORK ple (WORK), a company that prepares its financial statements to 31 December each year. WORK has investments in two companies, REST Limited (REST) and PLAY Limited (PLAY). The statements of comprehensive income of these three companies for the year ended 31 December 2003 are as follows: 28. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME WORK €'000 Revenue 75,000 REST €'000 64,000 545 PLAY €'000 14,000 Cost of sales Gross profit Other operating expenses Operating profit Investment income Interest payable Profit before taxation Taxation Profit after taxation Dividends paid Retained profit for the year Retained profit at start of year Retained profit at end of year le (37,500) 37,500 20,000 17,500 2,000 (2,500) 17,000 4,250 12,750 “4 (2,750) 10,000 20,000 30,000 (32,000) 32,000 (16,000) 16,000 — (1,000) 15,000 3,500 11,500 = 11,500 15,500 27,000 (7,000) 7,000 (3,000) 4,000 me (500) 3,500 (875) 2-605 (2,000) 625 14,375 15,000 Additional Information On 1 January 1998, WORK purchased 80% of the ordinary share capital of REST for €7,500,000. The fair value of the net assets of REST was the same as their book value on that date.