From the following statements of financial position and supplementary information you are to draw up a consolidated statement of financial position as at 31 March 2017.

During the year Parent Holdings Ltd sold a non-current asset to Subsidiary Ltd. It had cost Parent Holdings Ltd £3,000 and it was sold to Subsidiary Ltd for £4,000. Subsidiary Ltd had written off £800 as depreciation during 2017.

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Parent Holdings Ltd Consolidated Statement of Financial Position as at 31 March 2017 £ Non-current assets Investment in Subsidiary Ltd: 40,000 shares bought 31.3.2016 Other non-current assets Less Depreciation Current assets Share capital Retained profits: As at 31.3.2016 Add Profit for 2017 190,000 (32,000) 84,000 36,000 £ 90,000 158,000 52,000 300,000 180,000 120,000 300,000