The statements of financial position H, S and T as at 31 December 20X8 were as...

 

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The statements of financial position H, S and T as at 31 December 20X8 were as follows: Assets: H (Rs. 000) S(Rs. 000) T(Rs. 000) Investment in S 3,300 Investment in T Other assets 2,200 3,700 2,400 3,500 7,000 4,600 3,500 Equity Share capital 4,000 2,500 2,000 Retained profits 2,000 1,100 1,000 Liabilities 1,000 1,000 500 7,000 4,600 1,500 H acquired its 80% investment in S on 1 January 20X7. S acquired its 60% investment in T on 31 December 20X7. H measures NCI on acquistion at its fair value. At the dates of the share purchases, the following information is available: Date 1 January 20X7 31 December 20X7 Retained profits Retained profits of S (Rs. 000) 400 700 of T (Rs. 000) 200 320 Date 1 January 20X7 31 December 20X7 Fair value of NCI of S (Rs. 000) 800 960 Fair value of NCI of T (Rs. 000) 1,600 2,000 Required Prepare the consolidated statement of financial position for the H Group as at 31 December 20X8. The statements of financial position H, S and T as at 31 December 20X8 were as follows: Assets: H (Rs. 000) S(Rs. 000) T(Rs. 000) Investment in S 3,300 Investment in T Other assets 2,200 3,700 2,400 3,500 7,000 4,600 3,500 Equity Share capital 4,000 2,500 2,000 Retained profits 2,000 1,100 1,000 Liabilities 1,000 1,000 500 7,000 4,600 1,500 H acquired its 80% investment in S on 1 January 20X7. S acquired its 60% investment in T on 31 December 20X7. H measures NCI on acquistion at its fair value. At the dates of the share purchases, the following information is available: Date 1 January 20X7 31 December 20X7 Retained profits Retained profits of S (Rs. 000) 400 700 of T (Rs. 000) 200 320 Date 1 January 20X7 31 December 20X7 Fair value of NCI of S (Rs. 000) 800 960 Fair value of NCI of T (Rs. 000) 1,600 2,000 Required Prepare the consolidated statement of financial position for the H Group as at 31 December 20X8.