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

Required:
Assume that the statement of financial position values of Nipper pic’s assets represent fair values. Prepare the group statement of financial position immediately following the share acquisition. E4

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ASSETS Statements of financial position as at 31 March Non-current assets Property, plant and equipment Land Plant Vehicles Investment 12 million shares of Nipper plc Current assets Inventories Trade receivables Cash Total assets EQUITY AND LIABILITIES Equity Called-up share capital: ordinary shares of 1 each, fully paid Jumbo plc m 163 282 # 3888 187 Nipper plc m 33 32 ' 8 100 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