11.3 La Vecchia Societ (V) acquired for cash all shares of La Giovane Compagnia (G) on 31...

11.3 La Vecchia Società (V) acquired for cash all shares of La Giovane Compagnia

(G) on 31 March 2005 for EUR 87,000. The balance sheets of the two companies before the acquisition were as follows (amount in thousands of euro):

V G Non-current assets 1,639 27 Current assets 3,281 54 Total assets 4,920 81 Share capital 2,000 58 Retained earnings 800 4 Non-current liabilities 1,760 15 Current liabilities 360 4 Total shareholders’ equity and liabilities 4,920 81 An independent appraiser valued the assets of G as follows:

Fair value EUR Non-current assets 29 Current assets 56 Prepare a consolidated balance sheet as at the acquisition date.