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Chapter 20

1.2 Pro-forma consolidated statement of profit or loss

Consolidated statement of profit or loss for the year ended

$
Revenue (P + S – intra-group sales) X

Cost of sales (P + S – intra-group purchases + PURP) (X)
–––

Gross profit X
Distribution costs (P + S) (X)
Administration expenses (P + S) (X)

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Operating profit X
Share of profit from associate (see later) X
Investment income (P + S – intra-group dividends/interest) –

Finance costs (P + S – intra-group interest) (X)
–––

Profit before tax X
Tax expense (P + S) (X)

–––
Profit for the period X

–––
Attributable to: (New section on consolidation)

Non-controlling interest X
Parent X

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X

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