The following statements of financial position were drawn up as at 31 March 2018. The person drafting the statement of financial position of Parent Ltd was not too sure of an item and has shown it as a suspense amount.

Transcribed Image Text:

Parent Ltd Statement of Financial Position as at 31 March 2018 Non-current assets Investment in subsidiary: 80,000 shares bought 31.3.2017 Other non-current assets Current assets Share capital Retained profits: As at 31.3.2017 Add Profit for year to 31.3.2018 Suspense* Non-current assets Current assets Share capital Retained profits: As at 31.3.2017* Add Profit for year to 31.3.2018 3 23,000 31,000 54,000 11,000 215,000 *The suspense item consists of the 2017 dividend received in June 2017 from Subsidiary Ltd. Subsidiary Ltd Statement of Financial Position as at 31 March 2018 *The balance of £10,000 is after deducting the dividend for 2017 of £11,000. Required: Draw up the consolidated statement of financial position as at 31 March 2018. £ £ 108,000 90,000 17,000 215,000 150,000 10,000 12,000 £ 61,000 41,000 102,000 80,000 22,000 102,000