Prepare the Consolidated Statement of Financial Position as at 31/12/2016.
Additional information:
1- P Bhd. acquired 60% of S Bhd. on I July 2016.
2- P Bhd. Adopts the fair value method in the valuation of non-controlling interest.
3- At the acquisition, fair value of the non-controlling interest was RM 50,000.

Transcribed Image Text:

Non-current assets Property Plant and Equipment Investment in S. Bhd Current assets Share capital Retained earnings b/f Retained earnings- current year Current liabilities P Bhd RM'000 720 185 175 1,080 400 500 60 120 1,080 S Bhd RM'000 160 95 255 100 60 12 83 255 Non-current assets Property Plant and Equipment Investment in S. Bhd Current assets Share capital Retained earnings b/f Retained earnings- current year Current liabilities P Bhd RM'000 720 185 175 1,080 400 500 60 120 1,080 S Bhd RM'000 160 95 255 100 60 12 83 255

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