Hyson plc acquired 75% of the shares in Green plc on 1 January 20X0 for £6 million when Green plc”s accumulated profits were £4.5 million. At acquisition, the fair value of Green”s non-current assets were £1.2 million in excess of their carrying value. The remaining life of these non-current assets is six years.
The summarized statements of comprehensive income for the year ended 31.12.X0 were as follows:
| Hyson | Green | |
| £000 | £000 | |
| Revenue | 23,500 | 6,400 |
| Cost of sales | 16,400 | 4,700 |
| Gross profit | 7,100 | 1,700 |
| Expenses | 4,650 | 1,240 |
| Profit before tax | 2,450 | 460 |
| Income tax expense | 740 | 140 |
| Profit for the period | 1,710 | 320 |
There were no inter-company transactions. Depreciation of non-current assets is charged to cost of sales.
Required:
Prepare a consolidated statement of comprehensive income for the year ended 31 December 20X0.
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