The balance sheets of Fiera Ltd, Cole Ltd and Jong Ltd as at 31 July 2009 are as follows: 

Additional information: 

(a) On 31 July 2006, Fiera Ltd paid EUR 820,000 to acquire 90 per cent of the share capital of Cole Ltd. The retained earnings of Cole Ltd on that date were EUR 440,000. The company’s issued share capital has not changed since Fiera Ltd acquired its holding. On 31 July 2006, the fair value of the non-current assets of Cole Ltd was EUR 160,000 higher than their book value. This valuation has not been reflected in the books of Cole Ltd. 

(b) On 31 July 2008, Fiera Ltd paid EUR 180,000 to acquire 25 per cent of the share capital of Jong Ltd. The retained earnings of Jong Ltd on that date were EUR 480,000 and all of its assets and liabilities were carried at fair value. The company’s issued share capital has not changed since Fiera Ltd acquired its holding.

(c) There have been no impairment losses. 

Prepare a consolidated balance sheet of Fiera Ltd as at 31 July 2009.

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Assets Non-current assets Property, plant and equipment Investment in Cole Ltd Investment in Jong Ltd Current assets Total assets Equity Share capital Retained Earnings Liabilities Current liabilities Total equity and liabilities Fiera Ltd 000 5,160 820 180 6,160 2,300 8,460 2,000 4,840 6,840 1,620 8,460 Cole Ltd 000 740 440 1,180 200 760 960 220 1,180 Jong Ltd 000 560 340 900 160 560 720 180 900