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Chapter 22
1.2 Pro-forma consolidated statement of profit or loss
ABC Group – Consolidated statement of profit or loss for the year ended at
31 December 20X8
$000
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)
–––
Operating profit X
Share of profit from associate 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
–––
Profit for the period attributable to: (New section on consolidation)
Non-controlling interest X
Parent X
–––
X
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