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PrimeHealth Hospital provided the following earnings information for its consolidated operations: PrimeHealth Hospital reported net incomes of 500,000 for the parent hospital, 200,000 for Subsidiary

PrimeHealth Hospital provided the following earnings information for its consolidated operations:

PrimeHealth Hospital reported net incomes of £500,000 for the parent hospital, £200,000 for Subsidiary A, and £150,000 for Subsidiary B.

Requirements:

  1. Compile a consolidated income statement for PrimeHealth Hospital for the year ended 31 December 2021.
  2. Calculate the percentage contribution of each subsidiary to the total consolidated net income.
  3. Assess the overall financial performance based on the consolidated earnings.

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