Question No. 5 (5+5 = 10) a. Cherry plc owns 75% of Plum ple and 60% of Peach plc. For the year ended 31 December 20X1 Plum ple reported a net profit of 118,000 and Peach ple reported a net profit of 56,000. During 20x1 Plum ple sold goods to Peach plc for 36,000 at cost plus 50%. At the year end these goods are still held by Peach ple. Page 3 of 5 3.30 PM In the consolidated statement of profit or loss for the year ended 31 December 2011 what should the profit attributable to the non-controlling interest he? the Set out below are the simmarized statements of profit de fons of Dennis ple and its Ble subsidiary Terry Lod. Dennisple Terry 1.1 Profit from operations 89,00 45.000 Dividend fimm Terry Lid 16,000 Protit hefore tax 105.000 45,000 Income tax expense 142.000 (15.000) Profit for the year 63.000 30.000 What is the profit for the year attributable to the owners of Dennis ple to be disclosed in the consolidated statement of profit or loss