Ornal al tonnal nal. Consolidated Figures Censathly Refer to JEITS 3/4 Consolidated Income statement for the year ended 31 December 2015 In notes P. 20-23 Parent Subsidiary Consolidation Adjustment Co. Co. Dr. Cr $ $ Sales 3,000,000 2,070,000 Cost of Sales (1,200,000) (720,000) Gross profit 1,800,000 1,350,000 Other expenses (200,000) (100,000) Profit before tax 1.600,000 1.250,000 Tax expense (320,000) (250,000) Profit after tax 1,280,000 1,000,000 here Retained earnings at 1 Jan 2015 4,820,000 3,700,000 Retained earings at 31 Dec 2015 6,100,000 4,700,000 Ornal al tonnal nal. Consolidated Figures Censathly Refer to JEITS 3/4 Consolidated Income statement for the year ended 31 December 2015 In notes P. 20-23 Parent Subsidiary Consolidation Adjustment Co. Co. Dr. Cr $ $ Sales 3,000,000 2,070,000 Cost of Sales (1,200,000) (720,000) Gross profit 1,800,000 1,350,000 Other expenses (200,000) (100,000) Profit before tax 1.600,000 1.250,000 Tax expense (320,000) (250,000) Profit after tax 1,280,000 1,000,000 here Retained earnings at 1 Jan 2015 4,820,000 3,700,000 Retained earings at 31 Dec 2015 6,100,000 4,700,000