... give the investor company significant influence over the overview 1 SSAP 1 Accounting for the Results of Associated Companies, ASC, London, January 19 71. This was issued as arevised SSAP 1 Accounting ... shares and 20% of the 10 % 1 preference shares of Kasbah plc. On 1 April 19 93 Jasmin (Holdings) plc paid £96 mil-lion for the ordinary 1 shares and 1. 6 million for the 10 % 1 preference shares whenKasbah’s ... years.RequirementPrepare the consolidated profit and loss account for Highland plc for the year ended 31 March 19 98.ICAEW, Financial Reporting, May 19 98 (13 marks) 14 .7 You are the management accountant...