The Income statement for two entities, Black Company and Bury Company, for the year ended 31st Dec 2020 are presented below:

	Black Co	Bury Co
	OMR 000	OMR 000
Sales Revenue	4,000	2,800
Cost of sales	(2300)	(1,700)
Gross profit	1,700	1,100
Administrative expenses	(700)	(500)
Operating profit	1,000	600
Finance costs	(200)	(120)
Profit before tax	800	480
Taxation	(160)	(100)
Profit for the year	640	380

The following notes are relevant to the preparation of the consolidated financial statements:

1. (i) Black Company bought 80% of the ordinary shares in Bury Company several years ago.

2. (ii) During the year ended 31st December 2020, Black sold goods to Bury for OMR 100,000 making a margin of 20%. One-fifth of these goods remained in the inventory of Bury Company

   at the year-end.

3. (iii) On 31st December 2020, both Black and Bury revalued land and buildings and which has not

   yet been accounted for in the individual financial statements of each entity. The surplus arising upon revaluation was OMR 12,000 and OMR 6,000 respectively.

You are required to

1. Calculate Provision for Unrealized Profit. (5 Marks)

2. Prepare a consolidated statement of profit or loss and other comprehensive income for the year 31st December 2020. (14 Marks)

3. Calculate Profit after tax and the total comprehensive income attributable to Parent and Non-controlling interest.