The following are the statements of comprehensive income of four companies for the year ended 31 October 2006, the end of their most recent financial year.

The following additional information is available:

(a) All shares issued by the companies have a face value of $1.

(b) The companies made the following dividend payments to shareholders during the year ended 31 October 2006:

Under IAS 32 Financial Instruments: Disclosure and Presentation dividends on preference shares have been included in interest payable.

(c) Afjar owns 60% of the ordinary shares in Jikki, 40% of the shares in Hupin and 25% of the shares in Sofrin. Jikki is a subsidiary of Afjar, Hupin is an associate of Afjar, and Sofrin is a joint venture.

(d) During the year ended 31 October 2006 Afjar sold inventor y which had cost $640,000 to Jikki at a markup of 25%. Jikki had resold 65% of these items by 31 October 2006.

(e) On 1 July 2006 Jikki made a long term loan of $500,000 to Afjar. The loan bears interest at 12% a year payable ever y six months in arrears.

Required:

Prepare, in so far as the information given permits, the consolidated statement of comprehensive income of Afjar for the year ended 31 October 2006. Your statement of comprehensive income should include a figure for earnings per share with a supportive disclosurenote.

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Income statements for the year ended 31 October 2006 Jikki Sofrin Afjar Нupin $000 4,470 $00 $00 $000 Revenue 8,890 4,580 2,760 (3,000) (2200) 2,380 (540) (990) (1,800) 2,670 (1,010) 1,100) Cost of sales (1,700) Gross profit 5,890 1,060 (230) (250) Distribution costs (900) Administrative expenses Operating profit (1,060) 3,930 850 560 580 Dividends receivable 410 130 Interest receivable 230 321 150 (455) Interest payable Net profit before taxation Income tax expense Net profit after taxation Earnings per share (in cents) (1,188) (380) 3,382 846 330 580 (100) (1,000) (200) (80) 250 2,382 646 480 11.9 4.0 2.5 2.4