Fabulous Bhd, an established manufacturer in the textile industry since year 2005. The company had successfully invested in few companies in recent years under its business strategic plan. The statement of profit or loss of these companies for the year ended 31 December 2020 are given as below: Statement of Profit or Loss for the year ended 31 December 2020 Revenue Cost of sales Fabulous Bhd RM million 400 (160) 240 16 10 Charm Bhd RM million 300 (120) 180 Sakura Bhd RM million 160 (64) 96 Dividend income Gain on disposal of asset (40) (50) (20) Administrative expenses Selling & Distribution expenses (60) (10) (10) Finance Costs 166 (10) 156 (37) 119 120 (7) 113 (27) 86 66 (5) 61 (15) 46 Taxation Net Profit/ (Loss) Retained profits b/f 70 40 15 Additional information: 1. On 1 January 2018, Fabulous Bhd acquired 60% of ordinary shares in Charm Bhd by paying cash of RM40 million. Ordinary shares of Charm Bhd amounting to 30 million units at RM30 million. As at acquisition date, retained earnings of Charm Bhd was reported at RM10 million. A piece of land of Charm Bhd also had increased by RM5 million from its carrying value. Charm Bhd has not adjusted its book to account for the increase. 2. A year after, on 1 January 2019, the management of Fabulous Bhd is decided to make a new investment. Therefore, Fabulous Bhd had embark on a joint venture project with another ventures. They formed a new joint venture company, Sakura Bhd with 50% shareholding belong to Fabulous. Sakura Bhd's ordinary shares amounted to 20 million units. The cost of investment was settled with a cash consideration amounted to RM15 million. At the same date, Sakura Bhd's retained profit was RM5 million. 3. In the early year 2020, Fabulous Bhd acquired significant influence of 20% in Anglic Bhd when Anglic Bhd's retained profits shown a credit balance of RM2 million. As at 31 December 2020, Anglic Bhd reporting a net income of RM5 million in which Fabulous Bhd yet recognized in its financial statement. 4. During the year 2020, the following transactions took place: i. Fabuluous Bhd sold an equipment to Charm Bhd on 1 March 2020 at a gain of RM2 million. The equipment useful life is five years. Depreciation is to be provided in full in the year of purchase and none in the year of disposal ii. Sales of inventories from Fabuluous Bhd to Charm Bhd (profit margin is 25%) at a selling price of: a. RM10 million on 15 March 2020. Charm Bhd has yet sold 20% of the inventories. b. RM5 million on 20 September 2020. Charm Bhd has sold all of the inventories. iii. Fabuluous Bhd also sold inventories valued RM6 million to Sakura Bhd on 15 October 2020 with profit margin of 25%. As at the year-end, 40% of these inventories are yet sold. 5. Goodwill is limited to parent only and 20% is to be provided for the impairment of goodwill for the year. 6. Dividend income reported by Fabuluous Bhd was received from its investee companies, Charm Bhd and Sakura Bhd. Required: Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive for the year ended 31 December 202. Show all relevant workings