The statements of profit or loss and other comprehensive income of X Limited and Y Limited are as follows for the year ended 31 December 2017:

Additional Information:
1. X Limited purchased 9,000 of the 10,000 €1 ordinary shares in issue of Y Limited on 28 February 2017. 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. The distribution costs in the statement of profit or loss and other comprehensive income of Y Limited were incurred in November 2017.
3. During the year ended 31 December 2017, X Limited and Y Limited proposed, approved and paid ordinary dividends of €200 and €4,000 respectively. X Limited has not yet accounted for ordinary dividends received from Y Limited.
4, Retained earnings of X Limited and Y Limited are as follows:

Requirement Prepare the consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2017.

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X Limited Y Limited Revenue 10,000 7,000 Cost of sales (6,000) (1,000) Gross profit 4,000 6,000 Administration expenses (1,000) (500) Distribution costs (700) Profit before tax 3,000 4,800 Income tax expense Profit after tax (500) (300) 2,500 4,500