The statements of financial position of Jumbo plc and of Nipper plc, on the date that Jumbo

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The statements of financial position of Jumbo plc and of Nipper plc, on the date that Jumbo plc bought the shares in Nipper plc, were as follows:

Statements of financial position as at 31 March Nipper plc £m Jumbo plc £m ASSETS Non-current assets Property, plant a


Required: 

Assume that the statement of financial position values of Nipper plc€™s assets represent fair values. Prepare the group statement of financial position immediately following the share acquisition.

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