Fruit bought 70% of Salad on 1 July 2020. The following are the Statements of Profit or Loss of Fruit and Salad for the year ended 31 March 2021:

	Fruit	Salad
	R 000	R 000
Revenue	31,200	10,400
Cost Of Sales	(17,800)	(5,600)
Gross Profit	13,400	4,800
Operating Expenses	(8,500)	(3,200)
Profit from Operations	4,900	1,600
Investment Income	2,000	-
Profit Before Tax	6,900	1,600
Income Tax Expense	(2,100)	(500)
Profit for the Year	4,800	1,100

The Following information is available:

1. On 1 July 2020, an item of plant in the books of Salad had a fair value of R 5,000,000 in excess of its carrying amount. At this time, the plant had a remaining life of 10 years. Depreciation is charged to cost of sales.
2. During the post-acquisition period Salad sold goods to Fruit for R4,400,000. Of this amount, R500 000 was included in the inventory of Fruit at the year-end. Salad earns a 35% margin on it sales.
3. Goodwill amounting to R800,000 arose on the acquisition of Salad, which had been measured using the fair value method. Goodwill is to be impaired by 10% at the year-end. Impairment losses should be charged to operating expenses.
4. Salad paid a dividend of R500,000 on 1 January 2021
5. Salads land increased in value by R500,000 over its value at the date of acquisition and there was a loss on its financial assets held at fair value through other comprehensive income (per IFRS 9) for the year of R100,000. All items are deemed to accrue evenly over time except where otherwise indicated.

Required:

Prepare the consolidated Statement of Profit or Loss for the year ended 31 March 2021 for Fruit group. Show all you workings. (25 marks)