Given below are the statements of profit and loss for Parker Chemicals Ltd., Sanoofi Ltd. and A-Trade Ltd. for the year ended 31st December 20X1 Statements of profit or loss for the year ended December 31st 20X1 Parker Sanoofi A-Trade Rs. 000 Rs. 000 Rs. 000 Revenues 98,020 39,870 12,050 Operating expenses (77,900) (29,570) (11,030) Profit from operations 20,120 10,300 1,020 Finance costs (1,600) (800) (1,000) Profit before tax 18,520 9,500 20 Tax (5,926) (3,040) (6.5) Profit for the year 12,594 6,460 13.5

Other information: Parker acquired 75% of Sanoofi 2 years ago Parker acquired 20% of equity shares of A-Trade on 1st August 20X1 for Rs. 2.59m for long-term investment purposes. During the year A-Trade sold goods worth Rs. 1.25m at a margin 20% to Parker, at the year-end Parker still had 50% of these goods as unsold stock. Fair value of investment in A-Trade stood at Rs. 2.79m as on December 31st 20X1.

Required: Prepare the consolidated statement of profit and loss and other comprehensive income for the Parker group for the year ended 31st December 20X1. Show all the necessary workings.