Consolidated statement of profit or loss For the year ended December 31, 20x 1 Revenues (720,000 + 408,000 + 192,000)

1,3
720,000 + 408,000 + 192,000) 1,320,000 Expenses (400,000 + 320,000 + 120,000) (840,000) Impairment loss on goodwill - (Step 3) (28,00
t loss on goodwill - (Step 3) (28,000) Consolidated profit 452,000 Profit attributable to: Owners of the parent - (Step 7) 407,680 Non-contr
arent - (Step 7) 407,680 Non-controlling interests (15,200 + 29,120) - (Step 7) 44,320 452,000 8. B (See Step 4 above) 9. A (See Step 5 abov
tep 4 above) 9. A (See Step 5 above) 10. D (See Step 6 above) 11. B (See Step 7 above) 12. A (See solutions above) 13. B (See solutions abo
ns above) 13. B (See solutions above) 14. D (20,000 + 16,000) = 36,000 See Step 3 below Solutions: Step 1: Analysis of group structure Th
1: Analysis of group structure The group structure is analyzed as follows: P’s ownership interest in S1 80% S1’s ownership interest in S2 6
0% S1’s ownership interest in S2 60% P, S1 and S2 all belong to a vertical group. The controlling interest and NCI percentages are calculate
and NCI percentages are calculated as follows: Ownership over S1 Direct holdings of P in S1 80% NCI in S1 (squeeze) 20% Total 100% Own
S1 (squeeze) 20% Total 100% Ownership over S2 Direct holdings of P in S2 0% ITnodt iarel chtohldoinldg