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Question 2 (25 marks) The following Statements of profit or loss and other comprehensive income relate to Ceatles Ltd (Ceatles) and its investee companies,

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Question 2 (25 marks) The following Statements of profit or loss and other comprehensive income relate to Ceatles Ltd (Ceatles) and its investee companies, Deatles Ltd (Deatles) and Friendles Ltd (Friendles). Statements of profit or loss and other comprehensive Income for year ended 31 December 2019 Ceatles Deatles Friendles N$ million N$ million N$ million Revenue Cost of Sales 1,750.00 1,080.00 480.00 865.00 540.00 189.00 Gross profit Operating expenses Finance costs Other income Investment income 885.00 540.00 291.00 310.00 230.00 - 145.00 50.00 - 30.00 20.00 9.00. 36.00 Profit before taxation 570.00 280.00 126.00 Taxation 75.00- 30.00 35.00 Profit for the year 495.00 250.00 91.00 Other comprehensive income (net of tax) 63.00 40.00 18.00 Total comprehensive income for the year 558.00 290.00 109.00

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