On 1st March 2019, SAS Ltd acquired 80% of the ordinary share capital of SIS Ltd. Both companies prepare financial statements to 31st August each year. The individual company statements of profit or loss for year ended 31st August 2019 are as follows: Revenue Cost of sales Gross Profit Operating expenses Profit from operations SAS Ltd SIS Ltd 152,750 92,240 -61.480 -32,645 91,270 59,595 -34,015 -16,500 57,255 43,095 Finance income 500 Finance expense -500 Taxation -13,950 -8.515 Profit for the year 43,805 34,080