X plc acquired 80% of the ordinary share capital of Y plc on 1 January 2016 for £300,000. The lists of balances of the two companies at 31 December 2016 were as follows:

(a) A remittance of £2,000 from Y plc to X plc in December 2016 was not received by X plc until January 2016.
(b) Goods, with an invoice value of £3,000, were despatched by X plc in December 2016 but not received by Y plc until January 2017. The profit element included in this amount was £400.
(c) Included in the inventory of Y plc at 31 December 2016 were goods purchased from X plc for £10,000. The profit element included in this amount was £2,000.
(d) No interim dividend was paid in 2016 by either company.
(e) Current accounts are the intra-group balances outstanding.
(f) Y plc has proposed a dividend of £10,000 be paid. It is unpaid at 31 December 2016 and is not provided for in the above trial balances.

Required:
Prepare a consolidated statement of financial position for X plc and its subsidiary Y plc as at 31 December 2016.

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Called-up share capital: 400,000 ordinary shares of £1 each, fully paid 300,000 ordinary shares of £0.50 each, fully paid Reserves as at 1 January 2016 Profits for 2016 Trade accounts payable Taxation Depreciation provisions: Freehold property Plant and machinery Current account Tangible non-current assets: Freehold property, at cost Plant and machinery, at cost Investment in Y plc Inventory Accounts receivable Bank Current account x plc £000 400 220 40 130 30 12 40 872 120 183 300 80 160 10 19 872 Y plc £000 150 90 28 80 14 6 12 14 394 160 62 70 90 12 394