Rouge plc acquired 100% of the common shares of Noir plc on 1 January 20X0 and gained control. At that date the statements of financial position of the two companies were as follows:

Required:
Prepare a consolidated statement of financial position for Rouge plc as at 1 January20X0.

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Rouge É million Noir £ million ASSETS Non-current assets Property, plant and equipment Investment in Noir Current assets Total assets 100 132 80 312 60 70 130 EQUITY AND LIABILITIES Ordinary EI shares Retained earnings 200 52 252 60 312 60 40 100 30 130 Current liabilities Total equity and liabilities