P buys 70 per cent of the shares of S on 31 Dec 20X0. The statements of financial position of the two companies on 31 December 20X1 are as follows:

Required
Prepare the consolidated statement of financial position at 31 December 20X2 assuming goodwill is impaired during the year to half of its original value.

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P: Statement of financial position as at 31 Dec 20X1 ASSETS Non-current assets Property, plant and equipment Investment in S Ltd Current assets Total assets £ S: Statement of financial position as at 31 Dec 20X1 ASSETS Non-current assets 39,000 Property, plant and equipment 7,800 46,800 22,200 69,000 Current assets Total assets £ 8,400 4,900 13,300