Alpha plc paid £180 to acquire the whole of the equity in Beta plc on 1 January 2012, immediately upon Beta’s incorporation. The Statements of financial position of both companies, a year after acquisition, are shown. You are informed that trade receivables reported by Alpha includes £72 due from Beta.

Required: 

The Consolidated Statement of financial position of the Alpha group as at 31 December 2012.

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Statements of financial position as at 31 December 2012 Alpha £ Non-current assets Investments Current assets: Inventory Trade receivables Cash and bank nary shares of £1 each. Share premium account Retained earnings Trade payables 840 240 280 310 20 1,690 £ 800 160 515 215 1,690 Beta £ 90 20 80 112 18 320 4 100 50 55 115 320