Pentagone owns two subsidiaries that it acquired as follows: 1 July 2011 90 % of Contragone for K6, 000m when the carrying value of the net assets of Contragone was K5m. 30 November 2017 70% of Jedragone for K3, 400m when the carrying value of the net assets of Jedragone was K2, 350m.The companies statements of Profit and Loss and other comprehensive income for the year ended 31 March 2018 were:

Pentragone Km	Contragone Km	Jedragone Km
Revenue	8,500	5,900	4,140
Cost of sales	(2,500)	(1,400)	(2,550)
Gross profit	6,000	4,500	1,950
Administrative expense	(1,200)	(710)	(210)
Other income	--------	450	-----
4,800	4,240	1,740
Finance cost	(250)	(265)	(110)
Profit/(loss) before tax	4,550	3,975	1,630
Income tax expense	(130)	(60)	(100)
PROIT/(LOSS) FOR THE YEAR	4,420	3,915	1,530
Other comprehensive income ,net of tax	270	300	180
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	4,690	4,215	1,710
Dividends paid during the year	170	70	---

Additional information; 1. On 1 April 2017, Pentagone issued K3, 2m 10% loan stock to Contragone. Interest is payable twice yearly on 1 October and 1 April .Pentagone has accounted for the interest received on 1 October only. 2. On 1 July 2017, Contragone sold a freehold property to Pentagone for K740m (Land element K240m).The property originally cost K890m (Land element K95m) on 1 July 2017.The propertys total useful life was 40 years on 1 July 2017 and there has been no change in the useful life since. Contragone has credited the profit on disposal to administrative expense. 3. The property, plant and machinery of Jedragone on 30 November 2017 was fair valued at K450m (carrying value amount K270m) and was acquired in April 2017.The property, plant and machinery has a total useful life of ten years. Contragone has not accounted for the changes in its records. The group accounts for non-controlling interests at the proportion of its identifiable assets. 4. All companies use the straight line method of depreciation and charge a full years depreciation in the year of acquisition and non in the year of disposal. 5. Pentagone charges Contragone an annual fee of 30m for consultancy services and this has been included in other comprehensive income. 6 Pentagone has accounted for its dividend received for consultancy services received for contra gone and this has been included in other income. Impairment tests conducted at the year-end revealed that recoverable amounts of K6,200m for Contragone and K2,400m for Jedragone versus carrying amounts of net assets of K3,320 and K1,600m in the separate financial statements of Contragone and Jedragone respectively (adjusted for the effects of group fair value adjustments). No impairment losses that had been previously been recognised. Required; prepare the consolidated statement of profit or loss and other comprehensive income for Pentagone for the year ended 31 March 2018. (20 marks)