kins Co $($Mar$/$Jun $18)$ om extracts from the statements of profitar loss for the Perkins Group and Perkins Ca for ors ending $31$ December $20$X$7$ and $20$x$6$ respectively $20$x$6($Parkins Co individual$)20$X$7$ Consolidated$)$ $$\text{'}00036,714(19,714)16\mathrm{.}000(10\mathrm{.}000)6,0004,300(1,700)17,98046,220(23,980)22,240(3,300)18,940(260)$ Cost of sales Gross profit perating expenses Profit from operations Finonce colits Profit before tox The following information is relevant: On $1$ September $2007,$ Perkins Co sold all of its shares in Swanson Co$,$ Its only subsidiary, for $$284$ million. At this date, Swanson Co bad nut assets of $$20,1$ million Perkins Co originally acquired $80\%$ of Swanson wanson Co for $$19\mathrm{.}2$ million, when Swanson Co had net assets of $$19\mathrm{.}8$ million. Perkins Co uses the fair value method for voluing the non$-$controlling interest, which was measured at $$4\mathrm{.}9$ million at the date of acquisition Goodwill in Swarman Co has not been impaired since acquisition. In order to compare Perkin Co's results for the years ended $20$x$6$ and $20$X$7,$ the results of Swanson Co need to be uliminated from the above consolidated statements of profit or loss for $20$X$7$ Although Swanson Co was correctly accounted for in the group financial statements for the year ended $31$ December $2017,$ a gain on disposal of Swanson Co of $$944$ million is currently included In operating expenses This reflects the goin which should have been shown shown in in Perkins Co's Individual financial statements In the year ended $31$ December $20$X$7,$ Swonsan Co had the following results $13\mathrm{.}50$ Revenue Cost of sales Operating expenses Finance costs