X Limited owns 90% of the ordinary share capital of Y Limited. The statements of profit or loss and other comprehensive income for X Limited and Y Limited are as follows for the year ended 31 December 2017:

Additional Information:
iy X Limited purchased the shares in Y Limited on 1 January 2017, at which time Y Limited’s statement of financial position contained:

With respect to the measurement of non-controlling interests at the date of acquisition, . di e the proportionate share method equated to the fair value method.
. Property, plant and equipment are depreciated at 10% straight-line. The assets in Y Limited were not revalued to fair value at the date of acquisition by X Limited.
Requirement Draft the consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2017.

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Revenue Cost of sales X Limited 10,000 (6,000) Y Limited 7,000 (1,000)