Bleu pic acquired 80% of the shares of Verte pic on I January 20X0 and gained control. At that date the statements of financial position of the two companies were as follows:

Required: Prepare a consolidated statement of financial position for Bleu plc as at 1 January 20X0. Non- controlling interests are measured using Method I.

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Bleu Verte Em m ASSETS Non-current assets Property, plant and equipment 150 120 Investment in Verte 210 Current assets 108 105 Total assets 468 225 EQUITY AND LIABILITIES Capital and reserves Share capital (1 shares) Retained earnings Current liabilities Total equity and liabilities 300 120 78 60 378 180 90 45 468 225 Note: The fair values are the same as the book values.