Prop and Flap have produced the following statements of financial position as at 31 October 2008:

The following information is relevant to the preparation of the financial statements of the Prop Group:
(i) Prop acquired 80% of the issued ordinary share capital of Flap many years ago when the retained earnings of Flap were $72 million. Consideration transferred was $800 million. Flap has performed well since acquisition and so far there has been no impairment to goodwill.
(ii) At the date of acquisition the plant and equipment of Flap was revalued upwards by $40 million, although this revaluation was not recorded in the accounts of Flap. Depreciation would have been $32 million greater had it been based on the revalued figure.
(iii) Flap buys goods from Prop upon which Prop ear ns a margin of 20%. At 31 October 2008 Flap€™s inventories include $180 million goods purchased from Prop.
(iv) At 31 October 2008 Prop has receivables of $140 million owed by Flap and payables of $60 million owed to Flap.
(v) The market price of the non-controlling interest shares just before Flap€™s acquisition by Prop was $1.30. It is the group€™s policy to value the non-controlling interest at fair value.

Required:
Prepare the Prop Group consolidated statement of financial position as at 31 October2008.

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Prop Flap Sm Sm $m Sm ASSETS Non-current assets Plant and equipment Investments Current assets Inventories Receivables Cash and cash equivalents 2,100 800 480 800 580 400 280 280 1,860 4,760 708 1,188 Total assets EQUITY and LIABILITIES Equity share capital Retained earnings 2,400 860 3,260 680 200 880 Non-current liabilities Long-term borrowing Current liabilities Payables Bank overdraft 400 228 80 1,100 1,100 4,760 308 1,188 Total equity and liabilities