QUESTION: Ausmas Bhd is a listed company that operates in the publishing and printing sector. Given below are the Statements of Profit or Loss and Other Comprehensive Income for Ausmas Bhd, Bourbon Bhd and York Bhd for the year ended 31 March 2022. Additional information: (i) On 1 April 2019, Ausmas Bhd acquired 600,000 of the 800,000 ordinary shares of Bourbon Bhd for a total consideration of RM1,675,000 cash. The fair value of the identifiable net asset was RM1,300,000 on that date. The share capital and retained profit of Bourbon were RM700,000 and RM320,000 respectively. At the date of acquisition, the other components of equity were RM180,000. The excess of the fair value of the identifiable net assets at acquisition is due to an increase in the value of the plant and has five years remaining life at the date of acquisition. (ii) On 1 April 2021, Ausmas Bhd acquired 390,000 of the 650,000 ordinary shares of York Bhd for a total consideration of RM800,000 cash. The contractual agreement between Ausmas and York Bhd showed that Ausmas has joint control over York Bhd which both parties contractually agree to share control and decision. At the date of acquisition, the fair value of the net asset was RM450,000. As at 31 March 2022 , it was determined that the investment in joint ventures was impaired by RM12,000. (iii) In January 2022, Ausmas Bhd sold inventory to both Bourbon Bhd and York Bhd at the selling price of RM80,000 and RM50,000 respectively. Ausmas Bhd sold goods at a 20 per cent profit margin both to group companies and third parties. At the year ended 31 March 2022, 40 per cent of the inventory purchased by Bourbon Bhd has been sold to third parties and 70 per cent of the inventory sold to York Bhd remains unsold. (iv) On 1 October 2021, Bourbon Bhd sold the plant and equipment with a carrying amount of RM200,000 for RM420,000 to Ausmas Bhd. The estimated remaining useful economic life of this plant and equipment was five years. (v) On 31 March 2022, one of the properties, plant and equipment (PPE) in Ausmas Bhd was revalued to RM600,000. This PPE was purchased at a cost of RM560,000 on 1 April 2019 and was depreciated over seven years of useful life. No adjustment has been made in the financial statements for this transaction during the year ended 2022. (vi) Assume that the revenue and profits accrue evenly throughout the year. (vii) Ausmas Bhd policy is to recognise the parent's share of goodwill only. As of 31 March 2022, 20 per cent of goodwill in Bourbon Bhd was impaired. Required: Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income for Ausmas Group Bhd for the year ended 31 March 2022. (30 marks) QUESTION: Ausmas Bhd is a listed company that operates in the publishing and printing sector. Given below are the Statements of Profit or Loss and Other Comprehensive Income for Ausmas Bhd, Bourbon Bhd and York Bhd for the year ended 31 March 2022. Additional information: (i) On 1 April 2019, Ausmas Bhd acquired 600,000 of the 800,000 ordinary shares of Bourbon Bhd for a total consideration of RM1,675,000 cash. The fair value of the identifiable net asset was RM1,300,000 on that date. The share capital and retained profit of Bourbon were RM700,000 and RM320,000 respectively. At the date of acquisition, the other components of equity were RM180,000. The excess of the fair value of the identifiable net assets at acquisition is due to an increase in the value of the plant and has five years remaining life at the date of acquisition. (ii) On 1 April 2021, Ausmas Bhd acquired 390,000 of the 650,000 ordinary shares of York Bhd for a total consideration of RM800,000 cash. The contractual agreement between Ausmas and York Bhd showed that Ausmas has joint control over York Bhd which both parties contractually agree to share control and decision. At the date of acquisition, the fair value of the net asset was RM450,000. As at 31 March 2022 , it was determined that the investment in joint ventures was impaired by RM12,000. (iii) In January 2022, Ausmas Bhd sold inventory to both Bourbon Bhd and York Bhd at the selling price of RM80,000 and RM50,000 respectively. Ausmas Bhd sold goods at a 20 per cent profit margin both to group companies and third parties. At the year ended 31 March 2022, 40 per cent of the inventory purchased by Bourbon Bhd has been sold to third parties and 70 per cent of the inventory sold to York Bhd remains unsold. (iv) On 1 October 2021, Bourbon Bhd sold the plant and equipment with a carrying amount of RM200,000 for RM420,000 to Ausmas Bhd. The estimated remaining useful economic life of this plant and equipment was five years. (v) On 31 March 2022, one of the properties, plant and equipment (PPE) in Ausmas Bhd was revalued to RM600,000. This PPE was purchased at a cost of RM560,000 on 1 April 2019 and was depreciated over seven years of useful life. No adjustment has been made in the financial statements for this transaction during the year ended 2022. (vi) Assume that the revenue and profits accrue evenly throughout the year. (vii) Ausmas Bhd policy is to recognise the parent's share of goodwill only. As of 31 March 2022, 20 per cent of goodwill in Bourbon Bhd was impaired. Required: Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income for Ausmas Group Bhd for the year ended 31 March 2022. (30 marks)