The managing director of Sumreju plc has asked you to prepare the draft consolidated statement of profit or loss for the group. The company has one subsidiary, Daison Ltd. The statements of profit or loss for the two companies for the year ended 31 March 2021 are set out below.

Statements of profit or loss for the year ended 31 March 2021

Sumreju plc		Daison Ltd
	$000	$000
Continuing operations
Revenue	32,412	12,963
Cost of sales	(14,592)	(5,576)
Gross profit	17,820	7,387
Other income dividend from Daison Ltd	1,500
Distribution costs	(5,449)	(1,307)
Administrative expenses	(3,167)	(841)
Profit from operations	10,704	5,239
Finance costs	(1,960)	(980)
Profit before tax	8,744	4,259
Tax	(2,623)	(1,063)
Profit for the period from continuing operations	6,121	3,196

Further information:

• Sumreju plc owns 75% of the ordinary share capital of Daison Ltd.
• During the year Daison Ltd sold goods which had cost $1,200,000 to Sumreju plc for $1,860,000. None of the goods had been sold by Sumreju plc by the end of the year.

Draft a consolidated statement of profit or loss for Sumreju plc and its subsidiary for the year ended 31 March 2021. (25)