Just prepare the consolidated income statement and its subsidiary for 31 Dec 2014.

Persada Bhd acquired 400 million units of ordinary shares and 50 million units of preference shares of Rentaka Bhd on 1 January 2012 when the accumulated profits of Rentaka Bhd were RM100 million. Given below are the income statements and statements of changes in equity of Persada Bhd and Rentaka Bhd as al 31 December 2014: Income statement for the year ended 31 December 2014 Persada Bhd Rentaka Bhd RM jutal million RM jutal million Jualan/ Sales 2,000 1,500 Kos Jualan/ Cost of sales (1,000) (800) Keuntungan Kasarl Gross Profit 1,000 700 Tambah/ Add: Hasil Dividen dari Rentakal Dividend Income from Rentaka Biasa (Bersih dari Cukai) Ordinary (Net of Tax) 8 Keutamaan/ Preference 5 Hasil dari jualan perkakasan/Gain on sale of plant 20 Ditolak/less: Kos Operasi/ Operating expenses (420) (300) Keuntungan Sebelum Cukai/ Profit before tax 613 400 Cukai Tax (200) (150) 413 250 Statement of Changes in Equity of Persada for for the Year Ended 31st December 2014 Syer Keuntungan Syer Biasal Keutamaan/ Syer Premium/ Tertahan/ Ordinary Share Preference Sha Share Premium Retained Profit RM jutal million RM jutal million RM jutal million RM jutal million 1.1.2014 800 100 40 100 Keuntungan bagi tahun Profit for the year 413 Dividen dibayarl Dividends paid - Biasa/ Ordinary (30) - Keutamaan Preference (6) 800 100 40 477 Statement of Changes in Equity of Rentaka for for the Year Ended 31st December 2014 Syer Keuntungan Syer Biasa/ Keutamaan/ Syer Premium/ Tertahan/ Ordinary Share Preference Sheshore Premium Retained Profit RM jutal million RM jutal million RM juta/ million RM juta/ million 1.1.2014 500 100 40 80 Keuntungan bagi tahun/ Profit for the year 250 Dividen dibayarl Dividends paid Biasal Ordinary (10) Keutamaan Preference (10) 500 100 40 310 Additional Information: On 1 January 2012, the fair value of Rentaka Bhd's property was RM150 million more than its carrying value. The remaining useful life of the property was 10 years. Rentaka Bhd did not adjust its books to reflect the fair value. During the current year, Persada Bhd sold a plant to Rentaka Bhd at a profit of RM20 milion. The remaining useful life of the plant was 4 years. The plant is depreciated on a straight line basis. Persada Bhd sold RM200 million of inventory to Rentaka Bhd at a profit of RM50 milion 80% of the inventory remains unsold. RM40 million of the opening inventory of Rentaka Bhd was bought from Porsada Bhd and the unrealised profit on it was RM10 milion Goodwill on consolidation was impaired by RM15 million by 31st December 2013 and is further impaired by RM5 million as at 31st December 2014 Required - Prepare In each of the case of ?) and it) above, calculate the amount of the parent's (i.e. Persada Bhd's) unrealised profits and NC's share (if applicable). Show all workings The consolidated income statement for Persada Bhd and its subsidiary, Rentaka Bhd as at 31 December 2014. Show all relevant workings. (NOTE: Consolidation journal entries are not required.). Persada Bhd acquired 400 million units of ordinary shares and 50 million units of preference shares of Rentaka Bhd on 1 January 2012 when the accumulated profits of Rentaka Bhd were RM100 million. Given below are the income statements and statements of changes in equity of Persada Bhd and Rentaka Bhd as al 31 December 2014: Income statement for the year ended 31 December 2014 Persada Bhd Rentaka Bhd RM jutal million RM jutal million Jualan/ Sales 2,000 1,500 Kos Jualan/ Cost of sales (1,000) (800) Keuntungan Kasarl Gross Profit 1,000 700 Tambah/ Add: Hasil Dividen dari Rentakal Dividend Income from Rentaka Biasa (Bersih dari Cukai) Ordinary (Net of Tax) 8 Keutamaan/ Preference 5 Hasil dari jualan perkakasan/Gain on sale of plant 20 Ditolak/less: Kos Operasi/ Operating expenses (420) (300) Keuntungan Sebelum Cukai/ Profit before tax 613 400 Cukai Tax (200) (150) 413 250 Statement of Changes in Equity of Persada for for the Year Ended 31st December 2014 Syer Keuntungan Syer Biasal Keutamaan/ Syer Premium/ Tertahan/ Ordinary Share Preference Sha Share Premium Retained Profit RM jutal million RM jutal million RM jutal million RM jutal million 1.1.2014 800 100 40 100 Keuntungan bagi tahun Profit for the year 413 Dividen dibayarl Dividends paid - Biasa/ Ordinary (30) - Keutamaan Preference (6) 800 100 40 477 Statement of Changes in Equity of Rentaka for for the Year Ended 31st December 2014 Syer Keuntungan Syer Biasa/ Keutamaan/ Syer Premium/ Tertahan/ Ordinary Share Preference Sheshore Premium Retained Profit RM jutal million RM jutal million RM juta/ million RM juta/ million 1.1.2014 500 100 40 80 Keuntungan bagi tahun/ Profit for the year 250 Dividen dibayarl Dividends paid Biasal Ordinary (10) Keutamaan Preference (10) 500 100 40 310 Additional Information: On 1 January 2012, the fair value of Rentaka Bhd's property was RM150 million more than its carrying value. The remaining useful life of the property was 10 years. Rentaka Bhd did not adjust its books to reflect the fair value. During the current year, Persada Bhd sold a plant to Rentaka Bhd at a profit of RM20 milion. The remaining useful life of the plant was 4 years. The plant is depreciated on a straight line basis. Persada Bhd sold RM200 million of inventory to Rentaka Bhd at a profit of RM50 milion 80% of the inventory remains unsold. RM40 million of the opening inventory of Rentaka Bhd was bought from Porsada Bhd and the unrealised profit on it was RM10 milion Goodwill on consolidation was impaired by RM15 million by 31st December 2013 and is further impaired by RM5 million as at 31st December 2014 Required - Prepare In each of the case of ?) and it) above, calculate the amount of the parent's (i.e. Persada Bhd's) unrealised profits and NC's share (if applicable). Show all workings The consolidated income statement for Persada Bhd and its subsidiary, Rentaka Bhd as at 31 December 2014. Show all relevant workings. (NOTE: Consolidation journal entries are not required.)