Financial information for Thomas Ltd and its 100% owned subsidiary
Financial information for Thomas Ltd and its 100% owned subsidiary, Gordon Ltd, for the period ended 30 June 2025 is provided below. Thomas Ltd ($) Gordon Ltd ($) Sales revenue 52500 49560 Dividend revenue 2080 0 Gain on sale of PPE 2060 4120 Other income 2040 4080 Total income 58680 57760 Cost of Sales 43260 37080 Other expenses 6240 2080 Total expenses 49500 39160 Profit before income tax 9180 18600 Income tax expense 2835 4095 Profit for the period 6345 14505 Retained earnings (1 July 2024) 12840 6420 19185 20925 Interim dividend paid 5200 2080 Retained earnings (30 June 2025) 13985 18845 Thomas Ltd acquired its shares in Gordon Ltd at 1 July 2024 for $40800 on a cum div.…
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