Bleu plc acquired 80% of the common shares of Ver te plc on 1 Januar y 20X0 and gained control. At that date the balance sheets of the two companies were as follows:

Required: Prepare a consolidated balance sheet for Bleu plc as at 1 January 20X0.

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Bleu Verte m Em ASSETS Non-current assets Property, plant and equipment 150 120 Investment in Verte 210 Current assets 108 Total assets 468 22 105 225 Bleu Verte m Em EQUITY AND LIABILITIES Capital and reserves Share capital 300 120 Retained earnings 78 60 378 180 Current liabilities Total equity and liabilities 90 45 468 225