Large plc, a manufacturer and wholesaler, purchased 600,000 of the 800,000 issued ordinary shares of a smaller company, Small Ltd, on 1 January 2015 when the retained earnings account of Small Ltd had a credit balance of £72,000.
The latest accounts of the two companies are:

The intangible non-current asset section of the statement of financial position of Large plc has not yet been amended prior to consolidation to take account of the provisions of accounting standards regarding intangible assets.
The inventory of Large plc contained goods valued at £108,000 purchased from Small Ltd at production cost plus 50%.

Required:
(a) Prepare the consolidated statement of profit or loss of Large plc and its subsidiary Small Ltd for the year to 30 September 2016.
(b) Prepare the consolidated statement of financial position of Large plc and its subsidiary Small Ltd at 30 September 2016.

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Summary Statements of Profit or Loss for the year to 30 September 2016 (£000s) Large plc 10,830 (3,570) 7,260 Revenue Cost of sales and production services Gross profit Administrative and marketing expenses (including depreciation, audit fee and directors' remuneration) Operating profit Dividend received from Small Ltd Net profit before tax Taxation Profit for the year (2,592) 4,668 180 4,848 (2,304) 2,544 Small Ltd 2,000 (1,100) 900 (180) 720 720 (200) 520