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QUESTION 2 Horda Group Horda acaui red 90% of the share capital of Somfa when Somfa was incorporated. The income statement of the period ending on 31st December 2014 is the following: (all amounts kS): Horda 365 days ended on 31/Dec/2014 2 000 Somfa 365 days ended on 31/Dec/2014 600 Revenues Cost of revenues Gross profit Administrative expenses Selling expenses Other income 1 200 (100) 40 940 Dividend income from s Profit before taxes Taxation Net profit Other comprehensive income Total comprehensive income (30) 300 300 200 1030 630 40 60 Dividend approved (current year) Information 1. Both companies declared dividend that was booked in the separate financial statemetns. Somfa sold inventory to Horda during this year. The original cost of the inventory was 100 k$ and the selling price was 150 k$, 80% of these goods were sold to entities outside the group. 2. 3, when Somfa was acquired Horda recognized 120 kS goodwill. The 40% of that goodwill shall be impaired in 2014. 4. Horda invoiced management fees to Somfa. It was 100 k$. The item is recorded as revenue by Horda. Somfa booked this to administrative expenses. There are no other relevant transactions. REQUIRED: Prepare the consolidated statement of comprehensive income of Horda Group for the 365 days ended on 31st December 2014