Page 258 - SBR Integrated Workbook STUDENT S18-J19
P. 258
Chapter 18
Example 2
Statement of profit or loss and OCI
On 1 April 20X3 Pancake purchased 80% of the equity shares in Strudel. The
summarised statements of profit or loss and other comprehensive income for
the two entities for the year ended 31 March 20X4 are:
Pancake Strudel
$m $m
Revenue 450 240
Cost of sales (260) (110)
––––– –––––
Gross profit 190 130
Distribution costs (23) (12)
Administrative expenses (29) (23)
Investment income 6
Finance costs (8) (6)
––––– –––––
Profit before tax 136 89
Income tax expense (48) (27)
––––– –––––
Profit for the year 88 62
Other comprehensive income
Change in revaluation surplus – 2
––––– –––––
Total comprehensive income 88 64
––––– –––––
252
