, PLEASE USE THIS DOCUMENT AS A GUIDE ONLY
Question 1
a) Prepare the consolidated statement of profit or loss and other comprehensive income of Bean
Ltd Group for the year ended 31 May 2025.
Description Calculation Total (R)
Revenue 2,850,000+1,900,000 4,750,000
Cost of sales (880,000+570,000) (1,450,000)
Gross profit 3,300,000
Other income 113,300+218,500−35,000(1) 296,800
Operating expenses (290,700+372,000−35,000(1)) (627,700)
Administration and depreciation (170,000+284,000) (454,000)
Profit before tax 2,515,100
Income tax expense (191,700+87,300) (279,000)
PROFIT FOR THE YEAR 2,236,100
Other comprehensive income
Revaluation surplus (Bean Ltd) 540,000−415,000 125,000
TOTAL COMPREHENSIVE 2,361,100
INCOME
Profit attributable to:
Owners of the parent 2,236,100−178,540(2) 2,057,560
Non-controlling interest 892,700×20% 178,540
2,236,100
Total comprehensive income
attributable to:
Owners of the parent 2,361,100−178,540 2,182,560
Non-controlling interest 178,540
2,361,100
Question 1
a) Prepare the consolidated statement of profit or loss and other comprehensive income of Bean
Ltd Group for the year ended 31 May 2025.
Description Calculation Total (R)
Revenue 2,850,000+1,900,000 4,750,000
Cost of sales (880,000+570,000) (1,450,000)
Gross profit 3,300,000
Other income 113,300+218,500−35,000(1) 296,800
Operating expenses (290,700+372,000−35,000(1)) (627,700)
Administration and depreciation (170,000+284,000) (454,000)
Profit before tax 2,515,100
Income tax expense (191,700+87,300) (279,000)
PROFIT FOR THE YEAR 2,236,100
Other comprehensive income
Revaluation surplus (Bean Ltd) 540,000−415,000 125,000
TOTAL COMPREHENSIVE 2,361,100
INCOME
Profit attributable to:
Owners of the parent 2,236,100−178,540(2) 2,057,560
Non-controlling interest 892,700×20% 178,540
2,236,100
Total comprehensive income
attributable to:
Owners of the parent 2,361,100−178,540 2,182,560
Non-controlling interest 178,540
2,361,100
