The following information relates to the Ashanti Group of Companies for the year to 30 April 2020.

Details	Ashanti Ltd	Bochem Ltd	Ceram Ltd
	$000	$000	$000
Revenue	17,600,000	8,000,000	2,080,000
Cost of Sales	-10,080,000	-4,800,000	-1,120,000
Gross Profit	7,520,000	3,200,000	960,000
Administrative expenses	-1,680,000	-2,400,000	-320,000
Dividends received from Bochem	384,000	-	-
Dividends received from Ceram	96,000__	______	_______
Profit before taxation	6,320,000	800,000	640,000
Taxation	-1,040,000	-160,000	-320,000
Profit for the year	5,280,000	640,000	320,000

Additional Information:

Ashanti Ltd purchased 70% of the issued share capital of Bochem Ltd in 2000. At that time, the retained profits of Bochem amounted to $896,000.

Ashant Ltd purchased 60% of the issued share capital of Ceram Ltd in 2004. At that time, the retained profits of Ceram Ltd amounted to $320,000.

Sales from Ashanti to Bochem Ltd were $ 3 million during the post-acquisition period. Ashanti marks up all sales by 20%. At the reporting date this entire inventory remained in Bochems warehouse.

REQUIRED:

In so far as the information permits, prepare Fab Group of Companies Consolidated Income Statement for the year ended 30 April 2020 in accordance with IFRSs.