10.4 The statements of financial position of Jumbo plc and of Nipper plc, on the date that Jumbo plc bought the shares in Nipper plc, were as follows:

Statements of financial position as at 31 March Jumbo plc Nipper plc £m £m ASSETS Non-current assets Property, plant and equipment Land 84 18 Plant 34 33 Vehicles 45 12 163 63 Investment 12 million shares of Nipper plc 24 –
187 63 Current assets Inventories 55 32 Trade receivables 26 44 Cash 14 10 95 86 Total assets 282 149 EQUITY AND LIABILITIES Equity Called-up share capital: ordinary shares of £1 each, fully paid 100 20 Share premium account – 12 Retained earnings 41 8 141 40 Non-current assets Borrowings – loan notes 100 70 Current liabilities Trade payables 41 39 Total equity and liabilities 282 149 Required:
Assume that the statement of financial position values of Nipper plc’s assets represent fair values. Prepare the group statement of financial position immediately following the share acquisition.