The statements of comprehensive income and summarized statements of changes in equity of Alpha, Beta and Gamma for the year ended 30 September 2006 are given below:

Notes to the financial statements
Note 1
(i) On 1 October 2002 Alpha purchased an 80% equity shareholding in Beta. The equity of Beta as shown in its own financial statements at that date was $35 million. At the date of acquisition Beta owned some land with a book value of $25 million and a market value of $35 million, and some plant with a book value of $12 million and a market value of $16 million. The plant is depreciated on a straight line basis and the remaining useful economic life of the plant at 1 October 2002 was estimated at four years. (ii) On 1 February 2006 Alpha purchased a 75% shareholding in Gamma. At the date of acquisition Gamma had registered a brand name that had a fair value of $27 million. Gamma had not recognized this amount in its own individual financial statements. The directors of Alpha estimated that this brand would provide Gamma with significant competitive advantage for a 15-year period from 1 February 2006.
(iii) Other than mentioned in notes (i) and (ii) above there were no fair value adjustments necessary on acquisition of Beta or Gamma.
(iv) Alpha presents depreciation and amortization charges as part of cost of sales.
(v) No impairment of goodwill on acquisition of either company has been identified up to and including 30 September 2006.
(vi) In addition to the equity investments made by Alpha in Beta and Gamma, on 1 February 2006 Alpha lent $20 million to Beta at an effective annual interest rate of 8%.
Note 2
Alpha supplies products used by Beta and Gamma. Sales of the products to Beta and Gamma during the year ended 30 September 2006 were as follows (all sales were made at a mark-up of 25% on cost):
- Sales to Beta $10 million.
- Sales to Gamma (all in the post-acquisition period) $3 million.
At 30 September 2006 and 30 September 2005 the inventories of Beta and Gamma included the following amounts in respect of goods purchased from Alpha.

Required:
Prepare the consolidated statement of comprehensive income and summarized consolidated statement of changes in equity for Alpha for the year ended 30 September 2006. Ignore deferred tax.

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Alpha $000 125 000 Beta Gamma $000 Revenue Cost of sales Gross proft Other operating expenses Income from investments Finance costs Profit before tax Income tax expense Profit for the year Summarized statements of change in equity Balance at 1 October 2005 Profit for the year Dividends paid Balance at 30 September 2006 90 000 (70 000) (60 000) (51 000) 39 000 (20 000) (15 000) 15000) 55 000 40 000 4 500 21 000 15 600 9 000 (11.000) 5 000 (8 000) 33 000 (9 000) (6 000) 110 000 24 000 (14 000) 120 000 60 000 16.000 (5 000) 71 600 56 000 15 600 71 600 Amount in inventory at 30/9/2006 30/9/2005 Beta Gamma 2 000 1000 $000 1 200 Nil