Gurnee Limited has the following long-term investments: (1) Ordinary shares of Kornas Co. (10% ownership) held as

Question:

Gurnee Limited has the following long-term investments:
(1) Ordinary shares of Kornas Co. (10% ownership) held as non-trading securities, cost £108,000, fair value £115,000.
(2) Ordinary shares of Kozanecki OAO. (30% ownership), cost £210,000, equity £270,000. Prepare the investments section of the statement of financial position.