The following are the statements of profit or loss and other comprehensive income for each of the companies in PKF Group Limited for the year ended 31 December 2017.

1. P Limited sold F Limited €10,000 worth of goods during the year at a mark-up on cost of 25%.
2. F Limited had inventory goods purchased from P Limited:
€
1 January 2017 2,000 31 December 2017 3,500 3. P Limited purchased 100% of F Limited and 80% of K Limited some years ago, when the balances of their retained earnings were as follows:
€
K Limited Debit 2,000 .
F Limited Credit 1,000 Requirement Prepare the consolidated statement of profit or loss and other comprehensive income workings for PKF Group Limited for the year ended 31 December 2017.

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Revenue P Limited 100,000 K Limited F Limited 50,000 20,000 Cost of sales 75,000 43,000 9,000 Gross profit 25,000 7,000 11,000 Administration expenses 5,000 6,000 3,000 Net profit 20,000 1,000 8,000 Balance at 1 January 2017 30,000 8,500 2,500 50,000 9,500 10,500