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Prepare the consolidated statement of comprehensive income of the Hylo Group for the year ended 3 1 December 2 0 2 1 . Question Two
Prepare the consolidated statement of comprehensive income of the Hylo Group for the year ended December
Question Two The summarised Income Statements of Hylo plc, Forte Limited and Scope Limited for the year ended 31 December 2021 are as follows: Revenue Cost of sales Gross profit Distribution costs Administrative expenses Profit from operations Investment income Profit before taxation Taxation Profit after taxation Dividend paid Retained profit for the year Retained earnings at 1 January 2021 Retained earnings at 31 December 2021 Forte Limited 7,821,000 5,165,000 (5.433,000) (2,855.000) (988,000) 2,388,000 2,310,000 652,000 (682,000) (410,000) (198,000) (480,000) (540,000) (224,000) 1,226,000 1,360,000 230,000 16,000 Hylo plc 1,242,000 (562,000) 680,000 (100,000) 580,000 1,560,000 2.140.000 Scope Limited 1,640,00 0 1,360,000 230,000 (580,000) (80.000) 780,000 150,000 (22.500) 757,500 150,000 800,000 200,000 1,557,500 350,000
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