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HealthCare Plus provided the following earnings information for its consolidated operations: HealthCare Plus reported net incomes of 400,000 for the parent hospital, 150,000 for Subsidiary

HealthCare Plus provided the following earnings information for its consolidated operations:

HealthCare Plus reported net incomes of £400,000 for the parent hospital, £150,000 for Subsidiary A, and £100,000 for Subsidiary B.

Requirements:

  1. Compile a consolidated income statement for HealthCare Plus for the year ended 31 December 2021.
  2. Calculate the percentage contribution of each subsidiary to the total consolidated net income.
  3. Evaluate the overall financial performance of HealthCare Plus based on the consolidated earnings.

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