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REGARDS, TEAM CHEGG

Prepare the Group Statement of Financial Position of Sayed Plc at 31st of March 2019 in accordance with the relevant International Accounting Standards.

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Question 3 Sayed Plc acquired 70% of the issued share capital of Dina Itd on 1st April 2018 for 5,600,000. At that date Dina Itd had issued share capital of 4,000,000 and retained earnings of 560,000. Extracts of the Statements of Financial Position for the two companies one year later at 31st March 2019 are as follows: Dina Ltd 000's Assets Investment in Dina Ltd Non-current Assets Sayed Plc 000's 5,600 9,400 4.800 19,800 3,060 4.180 Current assets Total Assets 7,240 Equity & Liabilities Share capital Retained earnings 6,000 4,000 10,400 16,400 1,080 5,080 Current liabilities 2,200 1,200 Non-Current Liabilities 1,200 960 Total Liabilities 3,400 2,160 Total Equity & liabilities 19,800 7,240 Additional information: . Included with the current assets of Sayed Plc and in the current liabilities of Dina Ltd is an inter-company transaction for 400,000 that took place in early March 2019 Sayed Plc has decided non-controlling interest will be valued at their Proportionate share of net assets. Required: a) Prepare the Group Statement of Financial Position of Sayed Plc at 31st of March 2019 in accordance with the relevant International Accounting Standards