On 1 January 2020, VAL PARAISO Ltd paid 192,000 to acquire 70% of the share capital of PIRINOPOLIS Ltd. The financial statements of VAL PARAISO Ltd and PIRINOPOLIS Ltd for the year to 31 December 2020 are as follows:

Statements of comprehensive income for the year to 31 December 2020 (000)

	VALPARAISO	PIRINOPOLIS
Sales revenue	870	340
(-)Cost of sales	370	160
(=)Gross profit	500	180
(-)Operating expenses	301	105
(-)Dividend received from PIRINOPOLIS	14
(=)Profit before tax	213	75
(-)Taxation	73	20
(=)Profit for the year	140	55

Statement of changes in equity (retained earnings only) for the year to 31 December 2020

	VAL PARAISO (000)			PIRINOPOLIS (000)
	Share capital	Retained earnings	Total	Share capital	Retained earnings	Total
Balance at 1/1/13	200	240	440	70	50	120
(+) Profit for the year			0		55	55
(-) Dividends paid		140	140		20	20
(=) Balance at 31/12/13		60	60	70	85	155

Statements of financial position as at 31 December 2020

	VALPARAISO (000)	PIRINOPOLIS (000)
Assets
Non-current assets
Property, plant and equipment	360	140
Investment in W Ltd	192
Current assets	150	60
	702	200
Equity
Ordinary share capital	200	70
Retained earnings	322	85
Liabilities
Current liabilities	180	45
	702	200

The following information is also available:

. (a) The fair value of the non-current assets of PIRINOPOLIS Ltd was 100,000 higher than their book value;

. (b) Goodwill arising on consolidation has suffered an impairment loss of 35%

. (c) NCI in the statement of financial position are to be measured at the appropriate proportion of the subsidiarys identifiable net assets

. (d) During the year, PIRINOPOLIS Ltd sold goods which had cost 110000 to VALPARAISO plc for 160000. All of the goods had been sold by VALPARAISO plc by the end of the year.

Prepare a group statement of comprehensive income