BACP305/03(S) QUESTION 2 On 1 July 2018, Roh Bhd. acquired 70% of the ordinary share capital of Sadam Bhd. There are no preferences shares. The retained earnings of Sadam Bhd. on 1 July 2018 were RM 2,000. Roh Bhd Sadam Bhd Sales Revenue 624,000 109,000 Cost of Sales (267,400) (65.300) Gross Profit 356,600 43,700 Distribution Cost (71,370) (5,100) Administrative expenses (101,430) (10,500) Operating Profit 183,800 28,100 Dividend received from Sadam Sdn Bhd 14.000 Profit before Tax 197,800 28,100 Taxation (51,200) (7.100) Profit after Tax 146,600 21.000 i. During the year, Roh Bhd. sold goods to Sadam Bhd. for RM 8,000. These goods had cost Roh Bhd. RM5,000. At the year end, one-half were still held by Sadam Bhd. ii. The goodwill arising on consolidation has suffered no impairment losses. Required: Prepare a consolidated statement of comprehensive income for the year 30 June 2018