The following financial records at 30 June 2018 are extracted from Blade Lid and its sub - sidiary Runner Led Blade Led Runner Led ( 50 09 ) (30 00 ) Detailed reconciliation of opening and closing re - Gained earnings Sales revenue 1380 1 160 Cast of goods sold (928 ) (476 ) Gross profit 452 684 Dividends received from Runner Lid 186 Management fee revenue 53 Gain on sale of plant Expenses Administrative expenses ( 98.8 ) (79 ,4) Depreciation (49 ) (1 13 6 Management fee expense (53) Other expenses ( 202 . 2) ( 154 ) Profit before tax 41 1 286 Tax expense 123 94 , 4 Profit for the year 288 201 . 6 Retained earnings - 30 June 2017 638 8 478 4 926 .8 680 Dividends paid (274 8) ( 186) Retained earnings - 30 June 2018 652 494