Transcription of Answers - ACCA Global
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Answers13 Professional Level Essentials Module, Paper P2 (INT)Corporate Reporting (International) September/December 2017 Sample Answers1 (a) Consolidated statement of profit or loss and other comprehensive income for the Moorland Group for the year ended 30 June 2017 Total $m Revenue 887 Cost of sales (531) Gross profit 356 Administrative costs (142) Other expenses (85 9) Operating profit 128 1 Net finance costs (23 8) Profit before tax 104 3 Income tax expense (50 2) Profit for the year 54 1 Other comprehensive income Items that will not be reclassified to profit or loss Gains on property revaluation 61 8 Pension remeasurement loss (4 2)
17 Since Tybull is the only overseas subsidiary, it is likely that separate disclosure is necessary so that users can better assess the performance of Tybull and …
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