The Statement of Comprehensive Income for the year ended 31 December 2014 Parent plc Subsid plc £ 235,000 142,500 92,500 60,000 0 Sales Revenue Cost of Sales Gross Profit Expenses Dividend received from Subsid plc Profit before tax Income Tax expense Profit after tax Dividends paid Retained Earnings brought forward from previous years £ 830,000 597,500 232,500 76,750 4,500 160,250

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Financial Accounting and Reporting

14th Edition

Authors: Barry Elliott, Jamie Elliott

ISBN: 978-0273744443