Explain how and why you calculated the post-acquisition contribution made by the subsidiary to the group.

Consolidation worksheet for financial year ended 30 June 2021 Chandler Joey Adjustments Consolidated Ltd Ltd Debit Ref Credit Entity 000.$ 4,620 $'000 $'000 $'000 $'000 Sales revenue 2,840 530 f 6,930 Less cost of goods sold Opening inventories 680 630 30 1,280 Add purchases 3,600 2,120 530 5,190 Less closing inventories 710 440 20 1,130 |Cost of goods sold Gross profit 3,570 2.310 1,050 530 Dividend revenue 88 88 Management fee revenue 35 35 Interest revenue 9 e Depreciation expense 160 125 10 275 Finance costs 181 35 e 207 Other expenses 204 49 35 c/d 35 253 Profit before tax 628 330 ? xpense 201 97 12 i/g/l 304 Profit after tax for the year 427 233 Retained earnings 1 July 2020 705 429 337 b/i/l 38 835 Dividends paid (57) (57) (121) (32) 32 (121) 1,208 Dividends declared (56) 56 Retained earnings 30 June 954 574 2021 Issued capital 800 350 350 b 800 Revaluation surplus 210 210 Fair value adjustment 56 b/a 56 Shareholders' equity 1,964 924 Assets Cash 78 117 195 Accounts receivable 72 35 h 25 82 Dividends receivable 56 k 56 Inventories 710 440 20 1,130 Investment in Joey Ltd 750 b 750 Loan to Chandler Ltd 150 e 150 Land 720 250 80 1,050 a Buildings 1,500 780 2,280 Accumulated depreciation (320) (494) (814) Plant and equipment Accumulated depreciation Goodwill (net) 850 450 25 1,325 (235) (210) 30 85 (500) 94 b/c 35 59 Deferred tax asset 24 g/ 9 15 Total assets 4,181 1,518 4,822 Less liabilities Current taxes payable 111 87 198 Accounts payable Dividend payable 292 50 25 317 121 56 56 k 121 Loan from Joey Ltd 150 150 e Mortgage loan 1,253 401 1,654 Deferred tax liabilities 290 a 24 314 Net assets 1,964 924 1,956.00 1,956.00