Read the below statements carefully and determine whether the statements is True or False.

1. If a non-current asset is the subject of a fair value uplift for consolidation purposes, extra depreciation is added as a consolidation adjustment.

2. Only the group's share of the assets of a subsidiary is reflected in the consolidated statement of financial position.

3. The value of share capital in a consolidated statement of financial position will include the share capital of both the investor and the investee.

4. The profits of the subsidiary must be pro-rated if acquired mid-year.

5. Goodwill arises where the consideration transferred by the parent is not equal to the group share of net assets at acquisition.