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Chapter 20

Example 18.2

Consolidated statement of profit or loss and other comprehensive income
for the year ended 31 December 20X8
$
Revenue (20,000 + (8,000/2.5)) 23,200
Operating expenses (8,000 + (3,200/2.5) + 320 (W5)) (9,600)
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Profit from operations 13,600
Finance costs (4,000 + (1,200/2.5)) (4,480)
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Profit before tax 9,120
Tax (2,400 + (800/2.5)) (2,720)
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Profit for the year 6,400

Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Foreign exchange gains (W3) 4,467
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Total comprehensive income 10,867
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Profit attributable to:
Parent shareholders β 6,240
NCI shareholders (W2) 160
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6,400
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Total comprehensive income attributable to:
Parent shareholders β 9,814
NCI shareholders (160 (W2) + (4,467 (W3) × 20% (W)) 1,053
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10,867
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Workings continued overleaf

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