Bohemian Company has a joint venture, Bridge Limited, with two other parties, in which it has one third (1/3) interest. Bridge Limited's main activity is the construction of bridges spanning motorways. Bohemian has advanced funds of P5,000 to Bridge Limited which, according to a bank covenant, will be repaid to Bohemian after settlement of all other obligations of Bridge Limited. Bohemian has agreed to advance a further P2,000 to Bridge Limited over the next two years. The assets and liabilities of Bridge Limited are as follows. Non-current assets Current assets Total assets Non-current liabilities Current liabilities 5,500 Total liabilities Equity Revenue Profit 8,000 2,700 30,000 6,000 36,000 24,500 30,000 6,000 Questions: 1. What is Bohemian's net interest in the joint venture? 2. What is Bohemian's share of profit?