The draft statements of profit or loss and other comprehensive income of Apple, Pear and Plum Limited for the year ended 31 December 2017 are shown below.

Additional Information:
1. Apple Limited purchased the following shares in 2014:
90,000 ordinary shares €1 each in Pear (total issued: 100,000)
180,000 ordinary shares €1 each in Plum (total issued: 200,000)
Apple controls any operating and policy decisions in both Pear and Plum. The retained earnings at the dates of acquisition were:

2. During 2017, Apple sold goods to Plum for €48,000. Of these, Plum holds goods costing €2,700 at the year-end. Apple makes a 20% gross profit based on cost.
3. The retained earnings of Apple, Pear and Plum are as follows:

Dividends received from subsidiaries have been included in the parent company’s sundry income.
Requirement Prepare the consolidated statement of profit or loss and other comprehensive income of Apple group for the year ended 31 December 2017.

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Apple Limited Pear Limited Plum Limited Revenue Less: Cost of Sales Gross Profit Less: Expenses Admin. expenses 620,000 310,000 280,000 492,000 218,000 178,000 128,000 92,000 102,000 37,200 20,000 22,000 Depreciation 10,200 7,800 6,000 Interest on loans 1,400 2,000 Debenture interest 10,000 Selling expenses 53,000 21,000 16,000 100,400 60,200 46,000 Add: Sundry Income 15,100 2,600 200 Profit before tax 42,700 34,400 56,200 Income tax expense 15,100 12,000 25,000 Profit after tax 27,600 22,400 31,200