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Backbeach Ltd acquired a 70 per cent interest in another entity, Frontbeach Ltd, in 2011 for a cost of $5 million. There was no goodwill

Backbeach Ltd acquired a 70 per cent interest in another entity, Frontbeach Ltd, in 2011 for a cost of $5 million. There was no goodwill or bargain gain on purchase. The consolidated worksheet for Backbeach Ltd and its controlled entity as at 30 June 2015 included the following:

Parent ($000) Consolidated ($000)
Revenue 2000 5000
Cost of goods sold 400 1500
Dividend revenue 1000 200
Interest expense 50 100
Depreciation expense 100 50
Other expenses 50 10

REQUIRED

Prepare a consolidated statement of comprehensive income for Backbeach Ltd and its controlled entities that conforms with the disclosure requirements of AASB 101Presentation of Financial Statements.(Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign.)

Consolidated statement of comprehensive income for Backbeach Limited and its controlled entities for the year ended 30 June 2015

The Group

Backbeach Ltd

2015 2015
($000) ($000)
Revenue
Cost of goods sold

Gross profit
Dividend revenue

Interest expense

Depreciation expense
Other expenses

Profit before income tax

Income tax expense
Profit for the period
Other comprehensive income
Total comprehensive income

Profit attributable to:

Owners of the parent (Backbeach Ltd)

Non-controlling interest

Total comprehensive income attributable to:

Owners of the parent (Backbeach Ltd)

Non-controlling interest

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