Given below are the statements of profit or loss of Pikipiki (p) and its subsidiary company Saints for the year ended 31 December 2020

On 1 January 2020, P purchased 120,000 of Ss total share capital of 150,000 $ 1 ordinary shares

Statement of profit or loss for the year ended 31 December 2020

	Pretoria $000	Switzerland $000
Revenue	1,200	750
Cost of sales	(804)	(468)
Gross profit	396	282
Operating expenses	(120)	(150)
Profit from operations	276	132
Finance cost	000	(25)
Profit before tax	276	107
Income tax expense	(36)	(17)
Profit for the year	240	90

Additional relevant information:

1. During the year, S sold goods to P for $ 60,000, making a profit margin of 20%. Only 25% of these goods were sold before the end of the year. The rest were still in inventory.
2. Good will is impaired by 8,000
3. At the date of acquisition, a fair value adjustment was made and this has resulted in an additional depreciation charge for the current year of $ 10,000. It is a group policy to charge all depreciation under the cost of goods sold
4. P values the NCI using the fair value method

Prepare the CSPL for the year ended 31 December 2020