the statement of changes in equity.
Example 1
On 1.1.2013 H acquired 75% of the issued ordinary share capital of S of 40 million shares of
RM1 each. On that date the reserves of S consisted of share premium of RM20 million and
retained profits of RM 10,000,000. Given below are the income statements of Hand of its
subsidiary S for the year ended 31.12.2015:
Sales
Cost of sales
Gross profit
Operating expenses
H
(RM)'000
120,000
(50,000)
70,000
(20,000)
50,000
(15,800
34,200
S
(RM)'000
100,000
(40,000)
60,000
(20,000)
40,000
(12,400)
27,400
15,600
Taxation
Profit after tax
Retained profit 1.1.2015
20,400
You are required to prepare Consolidated Income Statement
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you are a sales manager of a company that deals in cosmetic- soaps, talcum powder, moisturizer , deodarant and face pack prepare a sales analysis in excel worksheet and then based on the create a presentation highlighting the most profit able products of your company
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