Sabre Corporation, which reports under IFRS, has the following investments at December 31, 2015: 1. Trading investments:

Question:

Sabre which reports under IFRS, has the following investments at December 31, 2015:
1. Trading investments: common shares of National Bank, cost $25,000, fair value $29,000.
2. Investment in an associate (40% ownership): common shares of Sword Corp., cost $110,000, fair value cannot be determined as the shares do not trade publicly. Investment was purchased on January 1, 2015. For the year ended December 31, 2015, Sword Corp. reported profit of $25,000 and paid out dividends of $8,000.
3. Equity investment: common shares of Epee Inc. (18% ownership) purchased on July 1, 2015, cost $210,000, fair value at December 31, 2015, $275,000. Management intends to purchase more shares of Epee in two years. Epee earned
$21,000 for the year ended December 31, 2015, and paid out dividends of $1,000, which were received at the end of each quarter in 2015.
4. Bond investment that is to be held to bonds of Ghoti Ltd., purchased at a cost equal to its value of $160,000, fair value $172,000.
Prepare a partial statement of financial position for Sabre at December 31, 2015?
Corporation
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