FR | Financial Reporting

Harbin

Shown below are the recently issued summarised financial statements of Harbin, a listed entity, for the year ended 30 September 20X7, together with comparatives for 20X6 and extracts from the Chief Executive’s report that accompanied their issue.

Consolidated statements of profit or loss

 

 

20X7

20X6

 

 

$000

$000

Boo & Goose (CIS)

Boo acquired 80% of Goose's equity shares for $300,000 on 1 January 20X8. At the date of acquisition Goose had retained earnings of $190,000. On 31 December 20X8 Boo dispatched sold goods which cost $80,000 to Goose, at an invoiced value of $100,000.  The two companies' draft financial statements as at 31 December 20X8 are shown below.  

STATEMENTS OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME 
FOR THE YEAR ENDED 31 DECEMBER 20X8