Below are the statements of comprehensive income of Mycro, its subsidiary Macro and associates Tycro at 31 December 2017. Mycro, Rick and Brads are public limited companies.

Mycro	Macro	Tycro
$000	$000	$000

Revenue

500

150

70

Cost of Sales	(270)	(80)	(30)
Gross Profit	230	70	40

Other Expenses

(150)

(20)

(15)

Finance Income

15

10

-

Finance Cost

(20)

-

(10)

Profit before tax

75

60

15

Income tax expense

(25)

(15)

(5)

Profit for the year

50

45

10

Other Comprehensive Income:

Gains on property revaluation, net of tax

20

10

5

Total Comprehensive Income for the year

70

55

15

You are also given the following information:

1. Mycro acquired 80,000 share in Macro for $188,000 3 years ago when Macro had a credit balance on its reserves of $40,000. Macro has $100,000 $1 ordinary shares. 2. Mycro acquired 40,000 shares in Tycro for $60,000 for $60,000 Tycro has 100,000 $1 ordinary shares. 3. During the year Macro sold some goods to Mycro for $66,000 (cost $48,000). None of the goods sold by the year end. 4. Group policy is to measure non-controlling interest at acquisition at fair value. The fair value of the non-controlling interes in Macro at acquisition was $40,000. An impairment test carried out at year end resulted in $15,000 of the recognized goodwill relating to Macro being written off and recognition of impairment losses of $2400 relating to the investment in Tycro.

Required:

Prepare the consolidated statement of Comprehensive Income for the year ended 31 December 2017 for Mycro Group, incorporating its associate. (25 marks)