a. Prepare the consolidated statement of profit or loss and other comprehensive income of A Ltd Group
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a. Prepare the consolidated statement of profit or loss and other comprehensive income of A Ltd Group for the year ended 30 June 2018. (13)
b. Consolidated statement of financial position for the year ended 30 June 2018. (12)
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The financial statements of A Ltd and B Ltd for the year ended 30 June 2018 were as follows: INCOME STATEMENT FOR THE YEAR ENDED 30-06-20118 A LTD LTD Sales 1445 00O 382 500 Cost of goods sold (782 000) (163 750) Gross profit 663 000 218 750 Administration expenses (255 000) (48 750) 408 O00 170 000 Dividends from B td 102 000 Dividends receivable from B Ltd 40 000 Profit before tax 550 000 170 000 Company tax (124 000) (47 000) Profit after tax 426 000 123 000 Transfer to General Reserve E100 0002 (50.000 326 O00 73 000 Dividends paid (76 500) (127 500) proposed 6229 5002 TOOD OST 20000 (104 SO0) Add Retained profits b/d 285.500 139 500 405 500 35 000 The financial statements of A Ltd and B Ltd for the year ended 30 June 2018 were as follows: INCOME STATEMENT FOR THE YEAR ENDED 30-06-20118 A LTD LTD Sales 1445 00O 382 500 Cost of goods sold (782 000) (163 750) Gross profit 663 000 218 750 Administration expenses (255 000) (48 750) 408 O00 170 000 Dividends from B td 102 000 Dividends receivable from B Ltd 40 000 Profit before tax 550 000 170 000 Company tax (124 000) (47 000) Profit after tax 426 000 123 000 Transfer to General Reserve E100 0002 (50.000 326 O00 73 000 Dividends paid (76 500) (127 500) proposed 6229 5002 TOOD OST 20000 (104 SO0) Add Retained profits b/d 285.500 139 500 405 500 35 000
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