Red Co acquired 75% of the share capital of Yellow Co on 1 January 2019. The statements of profit or loss for Red Co and Yellow Co for the year ended 31 December 2019 are as follows:

	Red Co	Yellow Co
	'000	'000
Sales revenue	8,400	3,400
Cost of sales	(4,600)	(1,700)
Gross profit	3,800	1,700
Selling expenses	(800)	(500)
Administrative expenses	(1,200)	(400)
Profit before interest and tax	1,800	800
Interest	(200)	(60)
Profit before tax	1,600	740
Taxation	(600)	(140)
Profit for the year	1,000	600

During the year Red Co sold goods costing 1,000,000 to Yellow Co for 1,500,000. At 31 December 2019, 70% of these goods remained in Yellow Cos inventory.

Required:

Prepare the Red group consolidated statement of profit or loss for the year ended 31 December 2019.

RED GROUP CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 December 2019

	'000
Sales revenue
Cost of sales
Gross profit
Selling expenses
Administrative expenses
Profit before interest and tax
Interest
Profit before tax
Taxation
Profit for the year
Attributable to:
Owners of the parent
Non-controlling interest