Fac2602 assignment 2 semester 1 Year 2025

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME For the year ended 31
May 2024


Revenue(32,190,000 +
43,286,000
11,096,000 – 2,050,000)
Other Income(12,089,700 + 8,053,000
20,142,700
– 250,000 (retainer
unpaid)) Total Income 63,428,700
Cost of Sales(18,097,600 + 8,143,000
-26,090,600
– 150,000 unrealised profit)
Gross Profit 37,338,100

, Other Expenses(7,287,740 + -11,301,740
Less: Unrealised Depreciation
3,920
Adj.(1 year depreciation on
R50,000 profit) Adjusted -11,297,820
Expenses Profit Before Tax 26,040,280
Income Tax -4,098,000
Expense(3,031,000 + Profit 21,942,280
for the Year Attributable to:
Equity holders of the parent Non- 20,461,030
controlling interest Other 1,481,250
Comprehensive Income: Revaluation
surplus movement(From 2,910,000 –
2,502,500
1,489,500 acquired) Total
Comprehensive Income 24,444,780




b)
Amount (R)
Balance at 1 June 2023 986,875
Add: NCI share of profit 1,481,250
NCI Share of Dividends
Ordinary Dividend (25% × 206,000) -51500
Preference dividend -31900
Balance at 31 May 2024 2,384,725



Workings

Post-acquisition retained
earnings (6,620,000 – 4,093,000) 2527000