10.8 The statements of financial position for Maxi Ltd and Mini Ltd are set out below.

Statements of financial position as at 31 March this year Maxi Ltd Mini Ltd £000 £000 ASSETS Non-current assets Property, plant and equipment 23,000 17,800 Investment 1,500,000 shares in Mini Ltd 5,000 –
28,000 17,800 Current assets Inventories 5,000 2,400 Trade receivables 4,280 1,682 Amounts owed by Maxi Ltd – 390 Cash at bank 76 1,570 9,356 6,042 Total assets 37,356 23,842 EQUITY AND LIABILITIES Equity 10,000,000 £1 ordinary shares, fully paid 10,000 2,000,000 50p ordinary shares, fully paid 1,000 Share premium account 3,000 2,000 Retained earnings at beginning of year 3,100 2,080 Profit for the year 713 400 16,813 5,480 Non-current liabilities Bank loans 13,000 14,000 Current liabilities Trade payables 3,656 2,400 Other payables 1,047 1,962 Amounts owed to Mini Ltd 390 –
Short-term borrowings – overdraft 2,450 –
7,543 4,362 Total equity and liabilities 37,356 23,842 On 1 April last year, Maxi Ltd bought 1,500,000 shares of Mini Ltd for a total consideration of £5 million. At that date Mini Ltd’s share capital and share premium were each the same as shown above. The statement of financial position of Mini Ltd reflects all of the assets of the company, net of liabilities stated at their fair values.
Required:
Prepare a consolidated statement of financial position for Maxi Ltd at 31 March this year.