The following information relates to the Brodick group of companies for the year to 30 April 19X7:

\section*{Additional information:}

(a) The issued share capital of the group was as follows:
Brodick plc: \(5,000,000\) ordinary shares of \(£ 1\) each;
Lamlash Ltd: \(1,000,000\) ordinary shares of \(£ 1\) each; and Corrie Ltd: 400,000 ordinary shares of \(£ 1\) each.

(b) Brodick plc purchased 80 per cent of the issued share capital of Lamlash Ltd in 19X0. At that time, the retained profits of Lamlash amounted to \(£ 56,000\).

(c) Brodick plc purchased 60 per cent of the issued share capital of Corrie Ltd in 19X4. At that time, the retained profits of Corrie amounted to \(£ 20,000\).

(d) Brodick plc recognises dividends proposed by other group companies in its profit and loss account.

\section*{Required:}
Insofar as the information permits, prepare the Brodick group of companies' consolidated profit and loss account for the year to 30 April \(19 \times 7\) in accordance with the Companies Acts and related accounting statements. (Note: Notes to the profit and loss account are not required, but you should append a statement showing the make-up of the 'retained profits carried forward', and your workings should be submitted.

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Brodick plc Lamlash Ltd Corrie Ltd 000 000 000 Turnover Cost of sales 1,100 500 130 (630) (300) (70) Gross profit Administrative expenses Dividend from Lamlash Ltd Dividend from Corrie Ltd Profit before tax Taxation Profit after tax 470 200 60 (105) (150) (20) 24 6 395 50 40 (65) (10) (20) 330 40 20 Interim dividend (50) (10) Proposed dividend (150) (20) (10) Retained profit for the year 130 10 10 Retained profits brought forward 460 106 30 Retained profits carried forward 590 116 40